Money Repatriation after Selling Property in Telangana
When an NRI sells property in Telangana, transferring the sale proceeds abroad requires not only tax compliance but also proper documentation. Missing even one document can delay or block the process. Here’s a detailed list of the essential documents required.
1. Registered Sale Deed
Proof of ownership transfer between seller and buyer.
Acts as the primary legal evidence of the property sale.
Banks insist on a stamped and registered copy for initiating repatriation.
2. PAN Card of the Seller
Mandatory for all property transactions in India.
Required for paying capital gains tax and filing repatriation forms.
3. Passport & Visa/OCI Card Copy
To establish NRI/PIO status.
Both identity and residence proof are needed by banks for compliance.
4. Tax Payment Proofs
Capital Gains Tax challans (if applicable).
TDS certificates (Form 16A) provided by the buyer.
Without proof of tax payment, repatriation will not be permitted.
5. Chartered Accountant’s Certificate – Form 15CB
Certifies that all taxes have been correctly deducted and paid.
Issued by a Chartered Accountant (CA) before funds are transferred abroad.
6. Self-Declaration Form – Form 15CA
Filed online by the NRI seller on the Income Tax portal.
Acts as a declaration of remittance and must be submitted to the bank.
7. NRO Account Statement
Sale proceeds must first be deposited into the NRO account.
Bank requires account details and statements to initiate remittance.
8. Proof of Property Acquisition
Original purchase deed or inheritance documents (if property was inherited).
RBI insists on checking if the property was acquired legally under FEMA rules.
9. Bank-Specific Forms
Some banks in Telangana (SBI, HDFC, ICICI, Axis, etc.) may ask for additional internal forms.
These include remittance request forms and compliance declarations.
✅ Conclusion
Having a complete set of documents ensures quick verification by banks and avoids unnecessary delays. Professional property handling services in Telangana can help NRIs compile, verify, and submit all required paperwork for a smooth and hassle-free repatriation process.
