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Help needed for repatriation of assets

HonestTaxpayer (Software Engineer) (104 Points)

31 May 2025

A friend of mine - a NRI - wishes to repatriate their assets. They are looking for a professional CA who is knowledgeable and can help them navigate all this legally with due processes.

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Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (7997 Points)
Replied 01 June 2025

Your friend can consider consulting a Chartered Accountant (CA) who specializes in NRI taxation and repatriation services. Here's what to look for: Key Services to Expect -

*NRI Repatriation*: Expertise in transferring funds from NRO to NRE accounts or foreign accounts, ensuring compliance with RBI regulations and tax laws. -

*Tax Planning*: Knowledge of tax exemptions and planning strategies, such as investing in capital bonds (Section 54 and 54F of the Income Tax Act) to minimize tax liability. -

*Form 15CA and 15CB*: Assistance with filing these forms, which are required for repatriating funds exceeding INR 5 lakhs per financial year. -

*Lower TDS Certificate*: Help in obtaining a lower or nil TDS certificate (Form 13) to reduce tax deduction at source. Benefits of Working with a Specialist CA -

*Compliance*: Ensures adherence to tax laws and regulations, avoiding potential penalties and delays. -

*Risk Mitigation*: Expertise in managing currency risks, regulatory risks, and geo-political tensions that may impact repatriation. -

*Investment Guidance*: Advice on investment options, such as Indian mutual funds, stocks, and real estate, to optimize returns and minimize tax liability.¹ ² Finding the Right CA

- *Location*: Look for CAs with experience in major cities like Delhi, Mumbai, Hyderabad, Bangalore, or Chennai.

- *Expertise*: Ensure the CA has a strong background in NRI taxation, capital gains, and repatriation services. -

*Reputation*: Check for reviews, testimonials, or referrals from other NRIs who have used their services. By working with a knowledgeable CA, your friend can navigate the complexities of NRI repatriation and ensure a smooth transfer of assets.