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Foreign Income

Newbie

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Hello All 

 

I have some queries recgrding foreign income scenarios - 

 

1) I have my previous companies's shares in USA ( employee stock option) and received some dividends which is reinvested  in last FY. Are reinvested dividends considered as income and should be declared in return ? 

 

2) I have FD in NRE account in INDIA which is tax free in INDIA. Is interest earned on NRE FD is taxable in Australian ? 

 

3) I have received some amount in INR as Leave Encashment ( Final settlement) + Gratuaity. Both components are tax free in INDIA. Is this too considered as Taxable in Australia ? 

 

Is all above need ot be reported as Foreign income in australia since they are classified as tax free in their countries?  

Thanks in advance. 

 

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Most helpful response

Devotee

Replies 0

Hi @Sandeep19rm

 

Thank you for your post.

 

We can only give general information on our forum and would suggest an early engagement discussion to look at your particular circumstances.

 

You would need to determine if you are  an Australian resident for tax purposes.

 

There is also useful information on foreign income that is taxable on our web page.

 

Help this is helpful.

1 REPLY 1

Most helpful response

Devotee

Replies 0

Hi @Sandeep19rm

 

Thank you for your post.

 

We can only give general information on our forum and would suggest an early engagement discussion to look at your particular circumstances.

 

You would need to determine if you are  an Australian resident for tax purposes.

 

There is also useful information on foreign income that is taxable on our web page.

 

Help this is helpful.