If a person is an Australian national, residing in India (OCI) for past 3-4 years. Has a Superannuation Fund in Australia (Equivalent of a PF in India). This Super Fund was created when the person was living & working in Australia. Since the person is now living & working in India there have been no contributions to this fund. Like a PF in India it cannot be withdrawn. (only after retirement age of 70).

The company holding the SuperFund invests it in various options e.g, property etc..The earnings from these investments are added to the Fund amount, after Government (Australian) taxes and management fees are deducted.

  1. Are the earnings in this fund, taxable in India (resident country)?
  2. When filing my tax return in India how should I declare this Super Fund, under what section?

Since the fund is like a PF and the earnings made by this fund cannot be withdrawn (only after the retirement age), is it taxable in India. Will it be exempt from tax/ relief from tax, since it is basically a retirement fund.

What Rule # or Article # apply to this scenario.

  • 1
    You probably have wider implications for your Australian compliance of your self-managed superannuation fund. However, if your money is in a normal (not self-managed) super fund this won't be of consequence to you. Here is a good article on SMSF residency tests: From: cuffelinks.com.au/make-sure-going-overseas-spoil-smsf Aug 3, 2015 at 22:54
  • My guess would be that you don't have to pay any tax on this yet, but when you get access to your money at retirement there may be implications. You probably also need to declare it in any question asking you about your assets. Inter-country tax rules can be complex and you probably need an accountant to advise you on this.
    – Tim Malone
    Jun 5, 2016 at 20:39


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