Repatriation means capital flow from a foreign country to the country of origin. This usually refers to returning returns on a foreign investment in the case of a corporation, or transferring foreign earnings home in the case of an individual.

Earning money has been one of the vital reasons for Indians shifting base to other countries. However, every NRI is keen to repatriate his current income and assets to India or to hold it as convertible Forex in India. The Indian Government has liberalized provisions as to repatriation for all the assets either acquired as NRI from Forex or Rupee Funds or which was acquired as a resident in India.

The government of India and the RBI has set up certain directives to facilitate NRI repatriation to India. The RBI has lifted the 10-year lock-in as a step towards further liberalization of the capital account.  The key impact will be that it will provide an exit route to NRI

• Current Income Repatriation
  All incomes either in the nature of interest, dividends, rent, Mutual Fund distribution from any type of deposit, investment or properties is allowed for repatriation net of income tax in India. This includes income earned from business in India by a NRI as proprietor, partner or joint venture entity.
  
  
• Immovable Property
  The sale proceeds of the property is permitted. NRIs/PIOs are permitted to repatriate the funds held in their NRO A/c up to US within the overall ceiling of $1 million per annum. 
  
  where as sale proceeds of immovable property held by them for period of not less than 10 years is subject to payment of taxes.
  
  
• Inheritance, Legacy or Bequest
  The sale proceeds or realization of assets can be allowed for repatriation. The analysts said NRIs who already own property in India, especially inherited titles, would be able to sell and possibly avoid messy family disputes and litigation. 
  
  
• NRIs/PIOs are allowed to repatriate the funds held in their NRO A/c for:
  1. Education of their children, where they can spend up to USD 30000 per academic year.
  2. The medical expenses abroad of the account holder or his family members up to USD 100000.

 Non Repatriable Income

• The rental income is on a non-repatriation basis. Thus funds ( rental income ) must be credited to the NRO Account/ Resident Accounts in India.
• Hosing property controlled upto 60 percent by NRI the income becomes Non Repatriable.
• FERA Companies- Non Repatriable.