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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)
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.
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 .
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