FEMA MONEY REPARTIATE
This query is : Resolved
CA Nidhi Kanabar
(Querist)
16 July 2025
Hi
I was NRI in the year F.Y. 2012-13, and before that i was resident in INDIA and had bank account in HSBC BANK as saving bank account while I was resident in India, i had purchased property in india in F.Y. 2014-15 , i had remitted amount from US to india , that in HSBC saving bank account only, and then transfer money to my dad account , and appointing him by power of attorny to purchase property and bought property in india, i sold same property in F.Y. 23-24 , and had capital loss, i want to repartiate moeny from india to US.
can i repartiate money from india to US?
if yes then how much ?
process of repartiate ??
documemtary proof that i have to submit to any authority??
kindly guide on this matter
I was NRI in the year F.Y. 2012-13, and before that i was resident in INDIA and had bank account in HSBC BANK as saving bank account while I was resident in India, i had purchased property in india in F.Y. 2014-15 , i had remitted amount from US to india , that in HSBC saving bank account only, and then transfer money to my dad account , and appointing him by power of attorny to purchase property and bought property in india, i sold same property in F.Y. 23-24 , and had capital loss, i want to repartiate moeny from india to US.
can i repartiate money from india to US?
if yes then how much ?
process of repartiate ??
documemtary proof that i have to submit to any authority??
kindly guide on this matter
CA R SEETHARAMAN
(Expert)
20 July 2025
Yes, sale proceeds can be remitted.
File 15CA and 15CB through CA and produce documents to CA.
File 15CA and 15CB through CA and produce documents to CA.
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