🌾 Wheat₹2,510/qtl 🧅 Onion₹4,500/qtl 🍅 Tomato₹2,000/qtl▼62 🥔 Potato₹2,500/qtl▲1,300 🫘 Soybean₹5,670/qtl▼230 🪴 Cotton₹8,950/qtl▲650 🌿 Mustard₹7,500/qtl▲69 🌽 Maize₹2,200/qtl 🧄 Garlic₹19,000/qtl▲4,500 🍚 Rice₹3,163/qtl 🌾 Wheat₹2,510/qtl 🧅 Onion₹4,500/qtl 🍅 Tomato₹2,000/qtl▼62 🥔 Potato₹2,500/qtl▲1,300 🫘 Soybean₹5,670/qtl▼230 🪴 Cotton₹8,950/qtl▲650 🌿 Mustard₹7,500/qtl▲69 🌽 Maize₹2,200/qtl 🧄 Garlic₹19,000/qtl▲4,500 🍚 Rice₹3,163/qtl

How can an NRI repatriate money from selling farm land in India?

KKavita Joshi7 महीने पहले · 214 व्यू

repatriation money selling farm land nri, repatriate sale proceeds agricultural land, send money abroad after selling land

3 जवाब

🌾Farmer.in Krishi Teamविशेषज्ञ ✓7 महीने पहले

Moving sale money abroad is possible but has rules and limits. When an NRI sells inherited agricultural land to a resident buyer, the proceeds normally go into an NRO account first, after tax is dealt with. From the NRO account, the broad framework under FEMA allows an NRI to remit up to USD 1 million per financial year, covering such proceeds, subject to paying applicable taxes and submitting the right forms. The standard paperwork includes Form 15CA and a CA's certificate in Form 15CB confirming taxes have been paid, plus your bank's repatriation forms. Capital gains tax must be settled before remitting, and TDS may already have been deducted by the buyer at the time of sale. The exact route also depends on whether the property was inherited and on documents proving the source. This area is detail heavy and banks are strict, so use a CA experienced with NRI repatriation and confirm the current limit and forms with your bank and RBI guidance. This is general information, not financial or tax advice.

AArjun Pillai6 महीने पहले

The USD 1 million per year limit was enough for my case. The real work was the 15CA and 15CB. My CA handled it and the bank released the funds in about two weeks once the forms were in order.

SShalini Gupta6 महीने पहले

Tip from my experience: make sure the buyer gives you the TDS certificate. I almost could not claim credit for tax already deducted because the buyer was slow to give Form 16A.

आपका जवाब

कृपया कोई लिंक या फोन नंबर नहीं।

← सभी सवाल

Free for farmers

Never miss a price or a deadline

Get free daily mandi prices, MSP changes, scheme cut-offs and weather alerts - and your own Kisan ID.

🔔

Free price & scheme alerts

Today's rates, MSP moves, scheme deadlines and weather - the moment they matter.

or on WhatsApp ↗
🪪

Your free Kisan ID

Join Bharat Annadata Sangh free - get a digital farmer ID card and free answers from our Krishi Team.

100% free · No spam · Prices from Agmarknet · Unsubscribe anytime