Fund transfer from china


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Querist : Anonymous

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Querist : Anonymous (Querist)
26 April 2016 Hello

Can husband ask his wife which is in China to send money from their to India in his saving bank account. Will there be any tax implication under income tax or will any other law be hit by this transactions.

26 April 2016 It will fall under gift from relatives no tax payable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 April 2016 Thanks Mr. SEETHARAMAN
One more question: Will FEMA or other law come into play with this transaction. Husband will get the money through western union money transfer by cheque

26 April 2016 FEMA allows such transfers without any limit.


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