An individual who earned a salary in Ireland for two years while residing there as an NRI wishes to transfer approximately £20 lacs (converted) to India. The query seeks clarification on whether this income is taxable in India upon transfer and if the funds can also be transferred to her Indian resident husband. The response confirms that money earned abroad is not taxable in India upon transfer, and gifts to a spouse are also not taxable.
One of my client got married recently and the girl to whom he got married used to stay in Ireland from the past 2 years and became an NRI. She had earned salary income in Ireland during these 2 years and now want to transfer this money in India as she will now permanently stay in India.
My query is will this money be taxable in India and apart from transferring money to her Bank account in India can she transfer this money to her husband too who is an Indian resident. The total amount she earned in Ireland is around Rs. 20 lacs when converted to Indian currency.