Repatriation of funds refers to the transfer of money from India into a foreign country whether via nonresident Indian foreign nationals or Multinational businesses. It also includes transfers made by Indian residents under the liberalized remittance scheme for permissible transactions.  

No doubt the process might seem really simple it includes several regulatory approvals, tax clearance and documentation requirements that need expert handling. One of the most common scenes is when NRA’s repatriate funds from NRO account usually income earned in India from rent pension or the sale of property. Similarly Indian companies also repatriate export earnings dividends and royalties foreign shareholders or parent firms.

Given the complex compliance requirements laid down by Reserve Bank of India and the income tax department a guided and professional approach is very important to avoid delays or legal roadblocks.