Tejas, simplify!! don’t get into too many things… i would suggest please contact CA and take appropriate decision…here are few ways which i think feasible.
- check if your Spouse or your parents account can be managed by you indirectly if they are staying in India…( GOI/RBI wants to know if repatriate amount is used to transfer to capital market or for family Maintenance purpose–)
- Alternatively you can float a company and operate under that name having an Indian partner(might be your parents or spouse) for this transfer of money source to be shown to GOVT --it might take time but
this route is robust…trade off : you end up paying money on CA and other authoritiest.