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? 
Menu
Transferf of Funds to UK
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 ?
Recent Threads
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
Related Threads
CAclubindia
