Tax paid at australia

This query is : Resolved

Babu (Querist)
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21 November 2018 My client is having a dual citizenship in India and Australia. His brother and family are permanently settled at Australia.Both my client and his brother propose to form a trust in Australia by which the tax incidence would be considerably reduced. Since the share of income from the trust is already taxed in Australia, will the assessee(who is my client having dual citizenship and residing in India, have to pay any tax wrt such income from trust already taxed at Australia?. Please advice me.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 November 2018 refer article VI of the DTAA

Babu

Babu (Querist)
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24 November 2018 Sir, Can you give me a bit more regarding the tax ability in India, wrt those profits arising out of trusts already taxed at specified rates at Australia?

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 November 2018 Babu. You are a consultant. Do the basic research. DTAAs are available on income-tax website.

Babu

Babu (Querist)
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24 November 2018 Thank you, Sir....shall go deep in the DTAA