What does it take to repatriate from sale?

Sequential approach to repatriation is a time sink due to the complexity, discovery, engagement, trust and execution at each step. Repatriation from a typical property sale takes upwards of 12 months if done on your own.

How It Works

Multi-Stage Property Sale and Repatriation Process (12 - 24 Months)

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Find a Buyer (3-9 Months)

  • Estimate value of property
  • Spread by word of mouth among family and friends
  • List ads on online and print platforms
  • Capture photographs showcasing property features for listing
  • Screen buyers and agents
  • Facilitate property inspection
  • Negotiate sale value and terms
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IT PAN account (1-4 Months)

  • Register with the Income Tax Department of India by opening a non-resident permanent account.
  • If using an existing account, submit an application to update NRI status with the required paperwork.
  • If using an existing account and requiring a name change, submit an application with the required paperwork.
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NRE/NRO Account Setup (1-2 Months)

  • Create NRE & NRO accounts if needed.
  • If using existing accounts, update KYC (Know Your Customer)
  • Collect and provide passport/VISA/PR/OCI?PIO copies, address proof, Photos of PAN card, and account opening forms.
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Agreement (2-3 Weeks)

  • Discover a Lawyer or registration agent
  • Draft Sale agreement with Tax deduction for advance amount and agree upon sale value and registration timelines.
  • Exchange for Buyer, seller, witness, and notary Signatures.
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Lower Tax Certificate (1-2 Months)

  • Collect property purchase and improvement paperwork
  • Calculate capital gains
  • Calculate applicable (TDS) Tax deduction at the source
  • Explore TDS lowering options
  • Plan out reinvesting capital gains to lower TDS
  • Draft IT application with copies of the Sale agreement, purchase, and improvement evidence
  • Submit and wait for approval
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Sale Registration (3-4 weeks)

  • Discover District Sale registration office
  • Connect with local registration agent and estimate ready reckoner value
  • Calculate Seller payout amount after TDS deduction
  • Draft Sale Deed
  • Plan travel of PDA (if unable to travel) for registration
  • Sale deed registration (in person or PDA holder) at registration office
  • Deposit the Sale amount in the NRO account
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Repatriate (2-3 Weeks)

  • Collect Sale Deed Copy
  • Collect Bank Statements
  • Collect TDS paid Challon/receipt from the buyer
  • Submit to IT with paperwork
  • Submit to Bank for NRO/NRE transfer
  • Repatriate funds from the NRE account

Parallel Workflow

Our online platform facilitates parallel workflows to accelerate the process

Buyer
PAN
Bank
Sale
TDS
Deposit
Payout
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Buyer

Enlisted agency handles estimation, listing, staging, photography, screening, inspections, and negotiations.

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PAN

Charted Accountant kicks off PAN card paperwork in parallel.

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Bank

Engaged bankers prep accounts for repatriation

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Sale

Agreements are drafted and ready for Buyer

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TDS

Lower Tax certificate applications are prepared for submission as soon as the Sale agreement is excuted

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Deposit

Sale Deed is prepared and ready for registration as soon as TDS certificate is issued

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Payout

IT forms are prepped and ready for bank submission. Bankers standby to transfer funds to the NRE account

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