TAXABILITY OF SALARY INCOME IN INDIA AND ASUTRALIA

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This discussion clarifies the taxability of salary income earned in both India and Australia. If you've earned income in one country while residing in the other for part of the year, you generally need to declare it in both tax returns. However, you can claim credit for taxes already paid in the other country to avoid double taxation, as per the Double Taxation Avoidance Agreement (DTAA) between India and Australia.

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
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19 July 2020 WHETHER SALARY INCOME IN INDIA IS TO BE SHOWN IN AUSTRALIAN RETURN AND VICE VERSA? 9 MOTHS IN INDIA AND 3 MONTHS IN AUSTRALIA. RELEVNAT AY 20-21(INDIA). AUSTRALIA JULY19 - JUNE 20
REQUEST ADVICE.REQUEST AGAIN.

CA Ankith Jain

CA Ankith Jain (Expert)
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25 July 2020 Yes, it has to be shown in ITR in India, not sure about Australia. However, if any tax paid in Australia on such salary income earned in Australia, you could take credit in Indian ITR and need not oay tax again. You could contact at caankithjain@gmail.com for guiding with your Income tax returns.

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
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25 July 2020 Thank You Mr. Jain!! Yes but trust it has to be shown only to the extent of period covered by return. In Australia they have June ending. They also have a provision of declaring foreign income. So possibly in India Autralian Income upto March,20 needs to be reflected whereas in Australia Income in India Upto JUne 20 needs to be reflected. Right?

CA Ankith Jain

CA Ankith Jain (Expert)
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25 July 2020 Yes rightly said, and also once have a look at DTAA between India-Australia regarding more clarity w.r.t Credit of tax paid in australia.

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
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27 July 2020 Thank You once again!

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