A Complete Guide for NRIs Returning to India from Australia

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.

Understand capital gains tax on property and shares, superannuation withdrawal taxability, and consider seeking professional tax advice on exits.

Yes, but you must report them in Indian tax returns upon becoming a resident, and income from them will become taxable.

Yes, once you become a resident, interest on NRE accounts becomes subject to taxation according to the Indian income tax laws.

You should convert bank accounts, update KYC accounts, report foreign assets in tax filings, update your address in official records, and file Indian tax returns according to your residency.