Transfer, Gift, Inheritance and Repatriation of Sale Proceeds
How a non-resident may sell, gift or inherit Indian property, and how much of the money may leave India, by which route and with which papers. The chapter covers both Rule 29 and the USD 1 million facility, and the relative test that most often trips up a gift.
- 4 pages
- 55
- Word and PDF
- 16 September 2026
The 3 formats inside
- 1Letter to the AD bank, repatriation of sale proceeds of immovable propertyNDI Rules 2019, Rule 29 · Remittance of Assets Regulations 2016On its own₹149
- 2Undertaking for remittance from NRO under the USD 1 million facility, sale proceeds or inheritanceFEMA 13(R)/2016-RB · MD 13On its own₹149
- 3Gift deed, FEMA and income-tax clausesNDI Rules 2019, Rule 24(b) · ITA 2025 s.70, s.92(3)On its own₹149
Read the opening
The first part of “Letter to the AD bank, repatriation of sale proceeds of immovable property”, as it downloads. Blanks are highlighted.
From the NRI / OCI account holder
Date: [Date of the letter]
To,
The Branch Manager
[Name of AD Category-I Bank]
[Branch address]
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