On the Australian corridor the single biggest sequencing risk is the overlap between the ATO temporary-resident rules and the Indian RNOR window, which can sit across one or two financial years and decide where an amount is taxed.
Last reviewed: September 2026 · Updated for AY 2026-27
Lock the target year of return and project your Indian day-counts. Inventory your superannuation balances, your Australian shares and any Australian property. Check your preservation age and the conditions of release that apply to your Super, because those rules set the earliest point at which a withdrawal is even possible.
Time disposals against the 50% CGT discount, which applies to Australian residents and is therefore sensitive to when you cease residency. Sequence any Super withdrawal carefully, since Super is taxed in India on a residence basis once you return. Open or refresh your NRE, NRO and FCNR accounts before the move.
Prepare the ATO departure return for your final Australian year. Build the Form 67 file so that Australian tax paid can be credited in India under the India-Australia DTAA with supporting evidence attached. Confirm the landing date, which drives the Indian day-count and your residential status for the year of return.
Land. Within 30 days redesignate your NRE and FCNR accounts to RFC and file the FEMA changes that follow the status change. Start the Schedule FA workpaper for the first resident year, covering superannuation as well as your remaining Australian shareholdings and other assets.
A 45-minute working session that ends with a written next-step plan.
This guide is general information published by RTA & Associates. It is not tax, legal, financial or investment advice, and it does not create a client relationship. It does not take account of your personal circumstances, and you should not act or refrain from acting on the basis of anything here.
Cross-border outcomes turn on the specific facts — your day-counts, the timing of your move, the wrappers you hold and the treaty position between the two countries. A small change in any of those can change the answer completely.
References to the law, rules or practice of countries other than India are included for general orientation only. They are not advice on the law of that country, and they should be confirmed with a qualified adviser in that jurisdiction before you act.
Tax law, exchange-control rules and treaty positions change, and they change often. This page reflects our understanding as at the date shown above. We do not undertake to update it.
To the extent permitted by law, RTA & Associates and its partners and staff accept no liability for any loss arising from reliance on this page. For advice on your own position, book a consultation.
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