Miscellaneous 2007

International tax: Spotlight on India

Source: The Tax Specialist Journal Article

Published Date: 1 Feb 2007

 
The Australian tax consequences of investment in India will depend upon the type of transaction, the mode of entry into India, and the provisions of the Australia-India Double Tax Agreement. As to Indian investment in Australia, recent reforms have sparked a wave of outward foreign direct investment from India, and although investment by Indian companies in Australia to date has been minimal this is expected to increase.

In this paper, Matthew Marcarian discusses the key elements of the Indian tax system and its international tax rules. The paper then discusses particular taxation issues that are likely to arise for Australians contemplating investment in India, Australian individuals working in India, and Indians looking to invest or work in Australia.

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