POINT NO. B(8) OF FORM NO. 15CB
This query is : Resolved
RAJ KUMAR GUPTA
(Querist)
30 December 2025
An individual has sold a property in India and the sale proceeds have been credited to their NRO account. We propose to remit this amount to the individual’s NRE account, for which filing of Form 15CB is required. In this context, kindly clarify the relevant RBI purpose code to be selected under point B(8) of Form 15CB.
Kindly resolve this query as soon as possible.
Kindly resolve this query as soon as possible.
02 January 2026
Applicable RBI Purpose Code (Form 15CB – Point B(8)):
✅ P0103 – Repatriation of sale proceeds of immovable property
Transaction type: NRO → NRE (repatriation)
Tax compliance: Mandatory before remittance
Bank acceptance: Highest with P0103
✅ P0103 – Repatriation of sale proceeds of immovable property
Transaction type: NRO → NRE (repatriation)
Tax compliance: Mandatory before remittance
Bank acceptance: Highest with P0103
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