NRI
Forms 145 and 146: Repatriating Sale Proceeds
How NRIs repatriate Indian property sale proceeds: Forms 145 and 146 (formerly 15CA and 15CB), the CA's role, and the USD 1 million yearly NRO limit.
By ValuerDekho editorial team · Reviewed by Reviewing Chartered Accountant (to be named) · Updated 6 September 2026
What changed on 1 April 2026
The Income-tax Rules 2026 renumbered the remittance forms: the remitter’s online declaration is now Form 145 (formerly 15CA) and the Chartered Accountant’s certificate is Form 146 (formerly 15CB). The substance is unchanged: for remittances above ₹5 lakh in a year that are chargeable to tax, the CA certifies the tax position and the remitter declares it on the income-tax portal before the bank sends the money.
The workflow
- Sale proceeds are credited to the seller’s NRO account, net of TDS.
- The CA reviews the sale deed, the valuer’s report and capital gains computation, the TDS certificate (Form 16A) and, where applicable, the lower-deduction certificate, and issues Form 146 with a UDIN.
- The seller files Form 145 on the income-tax portal, referencing Form 146.
- The bank receives Forms 145 and 146, the FEMA declaration (Form A2) and the sale documents, and remits within the USD 1 million annual limit.
Documents the CA needs
Sale deed; purchase deed or inheritance documents; registered valuer’s FMV 2001 or inheritance-date report; TDS certificate; lower-deduction certificate if obtained; NRO statement showing the credit; PAN and passport; earlier returns.
Timelines
Form 146 within two to five working days of complete documents; Form 145 the same day; bank remittance in two to seven working days depending on the bank’s compliance desk.
Limits and exceptions
USD 1 million per financial year from NRO balances covers sale proceeds, rent and other income combined. Property purchased from NRE or FCNR funds can be repatriated without the limit for up to two residential properties in a lifetime, with the bank’s confirmation of the source.
Where ValuerDekho fits
The valuer’s report is the cost evidence in every step, from the lower-deduction application to Form 146. We coordinate the valuer and the CA so the same numbers flow through.
Frequently asked questions
Is the USD 1 million limit per property or per year?
Per NRI per financial year across all NRO remittances. Property bought from NRE or FCNR funds can be repatriated without the cap for up to two residential properties.
Can I repatriate before the TDS is deposited?
No. The CA's Form 146 certifies that tax has been paid or deducted; banks will not remit without it.
Related guides
Last reviewed 6 September 2026 by Reviewing Chartered Accountant (to be named). Regulatory references are to the Income-tax Act 2025 and Income-tax Rules 2026 (in force from 1 April 2026) with the former 1961-Act section numbers in brackets. This is general information, not tax or legal advice.