My wife was working in Ireland from Nov 2021 to Nov 2023 and has earned Salary income in her bank account in Ireland. Now she is settled in India from the past 3 months and will be permanently staying in India. She wants to transfer the amount earned in Ireland to India.
My question is whether she needs to open an NRE account here in India to transfer the amount from Ireland or she can directly transfer in her saving account here in India the entire amount in one go. The taxes on income earned in Ireland has already been paid.
04 June 2024
One more query in this, if a wife transfers money from abroad account to her husband's Indian saving account then will this amount be taxable to husband or husband can show it as Gift from wife.
CAclubindia
