At a glance
- CurrencyINR. Secondary or lender-by-lender.
- Tax treaty with AustraliaYes. A double tax agreement has been in force since 1991.
- Moving money outThere are limits and rules to check before you transfer. See below.
How lenders see income from India
Indian rupees are accepted by some Australian non-resident lenders, usually with the income discounted for currency risk. Many Indian borrowers are paid in another currency, such as USD, AED or SGD, and that currency is the one that counts.
The percentage of income counted, the loan size and the deposit all depend on your status as well as your currency. See Australians overseas, foreign nationals and how foreign income is counted.
Moving money out of India
Under the Reserve Bank of India’s Liberalised Remittance Scheme an individual may remit up to US$250,000 per Indian financial year (April to March) for permitted purposes, and buying property abroad is one of them. Remittances by relatives can be consolidated for a single property. Indian tax rules on outward remittances, including tax collected at source, change often, so confirm the current position with an Indian adviser before you transfer.
Tax
The limit applies per Indian financial year, which matters if you pay a deposit and settle on either side of 31 March. Plan transfers so each falls inside a year that has room.
The general rules for overseas owners are on our tax page.
A roadmap for a buyer living in India
Free, on screen straight away: the documents, cash, timeline and tax points for your situation. Get your loan roadmap.
Frequently asked questions
Will Australian lenders accept INR income?
Indian rupees are accepted by some Australian non-resident lenders, usually with the income discounted for currency risk. Many Indian borrowers are paid in another currency, such as USD, AED or SGD, and that currency is the one that counts.
Does Australia have a tax treaty with India?
Yes. A double tax agreement has been in force since 1991.
Sources
- Reserve Bank of India: Liberalised Remittance Scheme FAQ
- Odin Mortgage: Australian expat home loans (broker page)
- Home Loan Experts: Foreign income home loans (broker page)
- Treasury: Income tax treaties
Checked 7 October 2026. Broker figures are indicative.
Expat Finance is an independent guide. It is not a lender, mortgage broker or credit provider, it does not hold an Australian credit licence, and it does not give credit, legal, tax or migration advice. It is not affiliated with any bank, the ATO or the Foreign Investment Review Board. General information only, not legal, tax, migration or financial advice.