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Residency in India is determined based on how long an individual stays in India; the new law sets a threshold of 120 days for high earners. Australia taxes global income, but severing ties and filing cessation with the ATO (Australian Tax Office) helps prevent double taxation.
Your foreign income is tax-exempt when you have the RNOR status. However, once you become fully resident (ROR), it becomes taxable. Also, India-sourced income remains taxable throughout.
Yes, you can claim relief from double taxation under the India-Australia DTAA, which allows tax credits and reduces withholding taxes on certain incomes.
You must convert your NRE and FCNR accounts to resident or resident foreign currency (RFC) accounts, and NRO accounts become regular savings accounts.
You can repatriate funds using authorized banking channels like SWIFT with proper KYC and tax compliance; ensure to disclose large transfers to Australian authorities.
By Varun Gupta |Last Updated: December 30, 2025
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