The Challenge
A Gulf-based NRI family intended to sell their ancestral residential property in Kerala and repatriate the sale proceeds to their overseas account. The process was delayed due to:
Ambiguity regarding repatriation eligibility under FEMA
Lack of clarity on taxation of capital gains in India for NRIs
Concerns around RBI documentation, TDS deductions, and bank compliance
Time sensitivity due to the family’s travel schedule and regulatory deadlines
Our Approach
Lekshmi N Iyer & Associates offered structured legal and financial advisory support through the entire transaction process.
Regulatory Review
Assessed FEMA regulations and ensured the transaction aligned with the remittance limits and RBI reporting guidelines.
Taxation Structuring
Calculated indexed capital gains, advised on exemptions, and ensured timely filing to minimize tax liability.
End-to-End Documentation
Prepared sale and repatriation-related documents, coordinated with banks, and reviewed CA certificates (Form 15CB/15CA filing).
Liaison Support
Assisted in communication with buyer-side legal advisors, local banks, and coordination with the client’s overseas representatives.
The Outcome
Repatriation Completed Without Delay
Funds were successfully transferred to the family’s overseas account under FEMA-approved limits.
Capital Gains Accurately Filed
Tax obligations were fully discharged with necessary proof shared with authorities.
End-to-End Compliance Ensured
The process was documented in a manner that satisfied both regulatory bodies and bank compliance officers.
Stress-Free Experience for the Family
With proactive coordination and timely updates, the family was able to focus on their relocation with peace of mind.
Why Choose Lekshmi N Iyer & Associates
Clients facing cross-border property and tax matters prefer Lekshmi N Iyer & Associates for our in-depth understanding of FEMA rules, clarity in communication, and complete ownership of timelines and documentation—especially when remote coordination is involved.
“Families, professionals, and businesses abroad rely on Lekshmi N Iyer & Associates for navigating asset sales, capital gain filings, and lawful repatriation in accordance with Indian tax and foreign exchange laws.”
