Hi Everyone, I have received the life and accident insurance proceeds after the death of my husband in the US.. The amount is in my US bank account and now I have moved to India.
I want to know what would be the right way to get the money transferred to India. I’m not sure if I should get it in one go or should leave a part of it in my US bank account for future. Please advise.
Since this is insurance money, I also want to know if it would be taxable if I get it to India?