Managing Tax Compliances as an Australian resident
Analysing Tax implications in Australia in relation to Indian Assets & Income
Indians immigrating to Australia or travelling to Australia for temporary purposes such as work, education etc. are faced with the challenge of managing tax compliances in India as well as Australia. Once a person attains residency in Australia, his/ her Indian assets may also come within the Australian tax net. This is particularly true in the case of capital assets held in India. We assist Non-resident Indians in understanding how their Indian assets and India sourced Income should be dealt with while seeking compliance with Australian Tax framework.
Filing Indian tax returns and dealing with double taxation of income
We undertake filing of income tax returns for NRIs based out of Australia. In doing so, we undertake computation of exemptions and foreign tax credits that may be available under the India- Australia DTAA.