banner_ad

Transferf of Funds to UK

Tax queries 786 views 2 replies

Can a wife transfer funds from her indian account to her husband's UK account. Its already been taxed in India. Will there be any tax liability in UK? What purpose one can show at the time of transfer? Her husband is in need of money right now?

Replies (2)

as chapter of clubbing the amt should be taxed to wife but, as the amount is transferred to outside india the cluses of DTAA will be applied. SO, the tax will be based on the treaty of India and UK. so we have to read treaty for the same

DTAA will be applicable when a payment is made for some expenses incurred for payment made towards consultancy, legal fees, architecht fees, technical fees, etc. Isn't it ?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 31 May 2026
CHARTERED ACCOUNTANT ARTICLE ASSISTANT

KPRS And Associates

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details