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Income tax applicability if amt received from Sweden bank account to Indian saving bank account

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jatinder kaur

155 Points Posted on 06 May 2023

please refer the following
1 Harleen is working in an Indian company from 2017 & in same company she got on site position in Sweden, so from August '22 is working from Sweden but her company is same

2 in Sweden, her salary received in swedish bank account
3 her company also file her income tax return as per Sweden law

4 now, she want to transfer Rs.20lac amt to her Indian Bank account
5 her query, is any tax applicable to
this amount
6 for transferring amount from Sweden bank account , is she required any special bank account in India or she can transfer the same amt to Indian Bank account

thanks in an advance

Replies (5)

Quick Summary

This discussion clarifies the tax applicability when transferring a significant amount from a Swedish bank account to an Indian savings account. The consensus is that the transfer itself is generally tax-free in India, provided taxes have been paid according to Swedish law. It also touches upon the types of Indian bank accounts suitable for such transfers, mentioning NRE and NRO accounts.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

212489 Points Posted on 06 May 2023

She can transfer it to her Indian bank account, NRE as well as NRO, without any tax liability as per Indian Income tax act, but she should have paid her tax liability as per Swedish tax laws.