POSTED BY February 23, 2013 1:25 am COMMENTS (7)ON
I am a homemaker living with my husband in USA.. I used to work in India.. so I had money saved in my Indian local bank as a FD.. sometime back my father-in-law booked a house and I broke my FD and give it to my FIL through my husband’s bank account. i.e. I transfered to my husband and he transfered to my FIL’s account. Now, after a while, my husband wants to return that money back to me.. so does it become taxable if I invest that lumpsum money in India?