Income Tax implementation

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?
Replies (6)
Quick Summary
This discussion clarifies the tax implications for an Indian resident receiving income transferred from his wife, who is a US resident and earned the income in America. The general consensus is that the transferred amount is not taxable in the husband's hands in India, provided it's a transfer of already-earned income from her account. However, the Income Tax department may require details on whether tax was paid on this income in the US. The role of FEMA (Foreign Exchange Management Act) and necessary compliance are also highlighted.

If transfer after earn in account of wife in America and wife transfer from her account then not taxable in hand of husband
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.
Sir but FEMAwill be applicable then what will husband have to do ?
Why the amount transferred to husband's account...?
Check out the details of FEMA.... https://cleartax.in/s/fema-foreign-exchange-management-act

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 . 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register