What the bank needs
The bank's concern is that the money being sent out has been taxed in India. Form 146 is a Chartered Accountant's certificate of the nature of the funds and the tax paid or deducted; Form 145 is the remitter's declaration, filed online, which the bank checks before releasing the remittance.
For sale proceeds of property, the bank will usually want the sale deed, proof of TDS and the source of the original purchase funds.
Documents required
- NRO account statement showing the funds.
- Source documents — rent agreements, sale deed, will or succession certificate, dividend statements.
- Proof of tax paid or deducted — Form 26AS (Form 168 from tax year 2026-27) / AIS, TDS certificates, returns filed.
- PAN of the remitter.
- Details of the foreign bank account.
How we handle it
Confirm the source and tax
Identify what the funds are and confirm tax has been paid or deducted on them.
Certify in Form 146
We examine the documents and issue the certificate with a UDIN.
File Form 145
The remitter files the declaration online.
Submit to the bank
Forms 145 and 146 go to the bank with its remittance form and supporting documents.
NRO and NRE accounts compared
| Point | NRO account | NRE account |
|---|---|---|
| Funds | Income earned in India — rent, dividends, pension, sale proceeds | Money earned abroad and remitted to India |
| Repatriation | Up to USD 1 million a year, after tax, with Forms 145 and 146 | Freely repatriable |
| Interest | Taxable in India | Exempt for NRIs |
Practical notes from our engagements
- Tax not yet paid on the income. The certificate can't be issued until tax is settled. File the return or pay the tax first.
- Inheritance without documents. Banks ask for the will, succession certificate or legal heir certificate. Have it ready.
- Limit counted per transaction. USD 1 million is for the financial year across all remittances, not per transfer.
How we handle NRO repatriation
We confirm the source and tax position, issue Form 146, help file Form 145, and give you a complete set of papers for the bank.
Related services
Frequently asked questions
How much can be repatriated from an NRO account?
Up to USD 1 million per financial year, covering NRO balances, sale proceeds of assets and inheritance.
What are Form 145 and Form 146?
From 1 April 2026, Form 145 replaces Form 15CA (the remitter's declaration) and Form 146 replaces Form 15CB (the CA's certificate).
Is a CA certificate always needed?
The income-tax rules require it for taxable remittances above ₹5 lakh in the year, unless there's an Assessing Officer's certificate; smaller remittances need only Part A of Form 145. RBI's NRO repatriation rules also call for a CA certificate, so most banks ask for one regardless of the amount.
Can rent income be repatriated?
Yes, current income like rent, dividends and pension can be repatriated after tax.
Can I transfer from NRO to NRE?
Yes, within the same USD 1 million limit and with the same forms.
Can sale proceeds of inherited property be repatriated?
Yes, within the USD 1 million limit, with documents showing the inheritance and the tax paid on any gain.