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Income Tax implementation

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53 Points Posted on 09 April 2020
A person who is ordinary resident in india . His wife lives in America. His wife transfer a portion of her income earned in America to her husband in india . What will be the tax implication in the hands of husband?
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On 09 April 2020 at 16:54 Report
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trainee
151 Points Posted on 09 April 2020
If transfer after earn in account of wife in America and wife transfer from her account then not taxable in hand of husband
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On 09 April 2020 at 18:31
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"Do the Right Thing...!!!"
128152 Points Posted on 09 April 2020
No... It's not taxable in husband's hand...



But,
Why the amount transferred to husband's account...?

The Details required if question from IT dept.
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On 09 April 2020 at 19:17
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53 Points Posted on 09 April 2020
Sir but FEMAwill be applicable then what will husband have to do ?
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On 09 April 2020 at 19:27
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"Do the Right Thing...!!!"
128152 Points Posted on 09 April 2020
Why the amount transferred to husband's account...?
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On 09 April 2020 at 19:28
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"Do the Right Thing...!!!"
128152 Points Posted on 09 April 2020
Check out the details of FEMA.... https://cleartax.in/s/fema-foreign-exchange-management-act
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On 09 April 2020 at 19:41
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Chartered Accountant
12739 Points Posted on 09 April 2020

it shall not be part of INCOME of husband .

BUT IT Dept ask for the details whether tax on such transferred income is paid in that country as per their laws . 

 

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On 09 April 2020 at 20:11


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