Can NRI Repatriate funds without filing ITR

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This discussion addresses whether Non-Resident Indians (NRIs) can repatriate funds, specifically sale proceeds from jointly held plot investments, without filing an Income Tax Return (ITR) for the previous financial year. While TDS was deducted on the sale, the NRI wishes to repatriate funds without filing the ITR. The consensus suggests this is practically impossible, as banks typically require Form 15CA/CB for NRO account repatriation, which is linked to ITR filing.

Mani

Mani (Querist)
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08 May 2024
NRI investing in JD of Plots. During FY 2023-24, he sold some of the plots and for that TDS was deducted by buyer. And during FY 2023-24 he repatriate 1 Million USD to his foreign account, and during FY 2024-25, he again wants to repatriate the funds. My question is can NRI repatriate the sale proceeds without filing ITR for Previous Year