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Can an NRI/PIO repatriate the sale proceeds of immovable property inherited from a Resident Indian?

April 26, 2017immovable indian inherited NRI PIO proceeds Property repatriate resident sale

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Can an NRI/PIO repatriate the sale proceeds of immovable property inherited from a Resident Indian?

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Yes. Sale proceeds not exceeding US$ 1 million can be repatriated subject to production of documentary evidence of inheritance & tax clearance certificates to the authorized dealer. Prior permission from RBI would be required for citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China or Iran. This facility is not available for citizens of Nepal & Bhutan.