Tax on australian income in india
This query is : Resolved
CA Rashmi choudhary
(Querist)
24 August 2019
If an resident assessee of India has business in Australia and he earns profit there.
How to disclose this transaction in Income Tax Return.
How to disclose this transaction in Income Tax Return.
CA R SEETHARAMAN
(Expert)
25 August 2019
Disclose it as business income and claim relief under DTAA for the tax paid in Australia.
CA Rashmi choudhary
(Querist)
26 August 2019
Thanks Sir,
According to DTAA with Australia business Income is exempt for tax in cotracting State if there is no PE in that state.
Means in India it will exempt?
According to DTAA with Australia business Income is exempt for tax in cotracting State if there is no PE in that state.
Means in India it will exempt?
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