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Transfer of funds from NRI to NRI spouce's NRE account

Rajesh K (Indian) (25 Points)

04 December 2022

I am NRI and my spouce also NRI since 20 years. I transferred some fund from Dubai to my spouce's NRE account in India in 2017.Is it taxable in India.

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4 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14149 Points)
Replied 04 December 2022

Transferred fund from abroad in NRE account is not taxable, it's tax free .

Rajesh K (Indian) (25 Points)
Replied 04 December 2022

Do we need to do any documentation for this . Since we both are NRIs and funds are transferred from Dubai to spouc's NRE account . no documents are needed.

Please clarify

prasad Nilugal ( GST Practitioner & Accounts ) (14149 Points)
Replied 04 December 2022

Check out with Bank in which you are having NRE account, as per latest rules and regulations .

Rajesh K (Indian) (25 Points)
Replied 04 December 2022

Sir,

my question is if both are NRIs and spouce is transferring money from Dubai to the NRE account of his/ her NRI spouce,

It will be no doubt tax free but since the transaction is taking place overseas and money is transferred to Indian NRE account , is there documentation needed between the husband -wife for the purpose of income tax.

In short how will Income Tax authorities treat this as if there is no written deed between husband and wife?

Regards.

Kindly give an elaborate reply for easy understanding.