Q23. Can an NRI/PIO/OCI repatriate the proceeds in case the sale proceeds were deposited in the NRO account?

NRI/PIO/OCI may repatriate up to USD one million per financial year (April-March) from their NRO account which would also include the sale proceeds of immovable property. There is no lock in period for sale of immovable property and repatriation of sale proceeds outside India.