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of <h1>Australia-India Double Tax Avoidance Agreement Covers Income, Resource Rent, and Surtaxes; Updates Require Mutual Notification.</h1> The Double Tax Avoidance Agreement (DTAA) between Australia and India applies to specific taxes in both countries. In Australia, it covers the income tax and the resource rent tax related to offshore petroleum projects. In India, it applies to the income tax, including any surcharges, and the surtax on company profits. The agreement also extends to any similar taxes introduced after its signing. Both countries' competent authorities are required to inform each other of significant changes in their tax laws relevant to this agreement.
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