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Real Business : Issue 1 2010
cpacareers.com.au PHOTOLIBRARY More information www.icai.org www.icai.org.au www.india.gov.in/overseas.php www.cpaaustralia.com.au/icai technology and ensuring a great return on capital employed. By the same token, finance professionals stand to reap many benefits from working in India. ose with eight to 10 years overseas experience, especially in financial hubs like Singapore and Australia, can earn annual base salaries of Rs 30--50 lakhs (the equivalent of US$62,000-- $104,000), plus large bonuses and perks, combined with a markedly lower cost of living than in more developed nations. e greatest concentration of opportunities is in India s western region, especially Mumbai, Bangalore, Hyderabad and Gurgaon near New Delhi. An upcoming region is Ahmadabad in Gujarat state. Samir says the cost of living is around only US$1800 per month for a good lifestyle, excluding rent, although most of the time accommodation is provided by one s employer. India also has tax treaties with countries including Australia, Indonesia, Japan, Malaysia, the United States and the United Kingdom, which avoids double taxation. As the Indian economy is expanding at 6.5 per cent GDP -- one of the highest rates in the world for an economy of its size -- a lot of investment is flowing into infrastructure, healthcare and education and thereby filtering through the financial services sector. All sectors of the Indian economy are now in resurgence after the downturn and, combined with the lower cost of living and lower taxation rate, working in India is now becoming a very attractive option. THERE IS A UNIQUE OPPORTUNITY TO IMMERSE YOURSELF IN A HIGH LEVEL OF COMPETITION TO GET YOUR CAREER ON THE RIGHT TRACK. 25 THE ROAD TO INDIA CPA Australia has a mutual recognition agreement (MRA) with the Institute of Chartered Accountants of India (ICAI), which establishes guidelines on how qualified members can gain reciprocal membership. e following steps show how CPA Australia members can become members of ICAI under the terms of the MRA. ELIGIBILITY REQUIREMENTS Have completed all of: CPA Australia-recognised degree CPA Program including the practical experience requirement OR 15 years relevant work experience, with at least five years at a senior level Complete studies in Indian taxation (direct and indirect) and corporate law DOCUMENTS REQUIRED FOR APPLICATION Original signed application form Certificate of good standing from CPA Australia Relevant working visas and permits. Please note that visa requirements may vary depending on your circumstances. Contact the Indian consulate in your country for details.
Issue 2 2009
Issue 1 2012