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TaxingQuestions(Initiate)Initiate
9 Feb 2024

For anyone that may have this query - I did finally see a tax consultant. Here is what I was advised. Adding here in case it helps anyone else. Please do verify your specifics based on your tax situation


  1. Income that is deducted from Indian income tax filing should be included in Foreign Income when filing Aus taxes
  2. Superannuation interest or income in an account that is not accessible till retirement need not be included
  3. Any lumpsum that you get ( e.g. Employee Provident Fund ) needs to be reported and the valuation of assessable earning are since you became a tax resident minus all your contributions ( i.e. interest and company contribution are part of the earnings to be declared )


Closing this thread.

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EstherFerns(Newbie)Newbie
7 Aug 2024

Hi,


I am facing the same issue. Please elaborate on declaring foreign tax in your Australian itr for the Apr-Jun period since these were not part of the Indian returns and hence besides tds tax has not been paid.

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