Jakarta NRIs: The India-Side 2024-26 Shifts You Need to Know

India-Indonesia DTAA (signed 2012, replacing the 1987 treaty): interest capped at 10%, dividends at 15% for individual NRIs (10% only if you're a corporate holder with ≥25% stake). Capital gains stay source-country taxed.

The DJP (Direktorat Jenderal Pajak) issues a Surat Keterangan Domisili that serves as your TRC on the Indian side. Most Indians in Jakarta, Surabaya, and Bali don't know this exists, they've been paying 30% TDS on interest for years without filing for it.

**Section 148** reassessment cut to 3 years 3 months / 5 years 3 months from the older 10-year cap. Effective September 2024.

**Faceless mandate** confirmed. JAO-issued notices are void (Supreme Court, July 2025). Check your notice.

**Budget 2024 LTCG** — 12.5% flat on NRI property, no indexation, from 23 July 2024.

**Black Money Act safe harbour** raised to ₹20L for movable foreign assets, 1 October 2024 (Finance (No. 2) Act 2024 amendment).

Form 10F is now mandatory e-filing on the Indian portal, including for NRIs without PAN.

Indonesia's TRC equivalent is issued by the Direktorat Jenderal Pajak (DJP) and it takes 2-3 weeks. File for one through the DJP online portal, attach proof of Indonesian tax residency (KITAS or KITAP plus your NPWP), and wait. Once it's in hand, file Form 10F / Form 41 electronically on the Indian income tax portal referencing your Indonesian tax ID.

For Indians in Jakarta who also hold Indonesian-listed stocks through IDX, Schedule FA disclosure in your Indian ITR is mandatory once you're an Indian tax resident again. The ₹20 lakh post-1-October-2024 safe harbour covers movable foreign assets in the aggregate (including listed equity, brokerage balances, retirement accounts) up to ₹20 lakh — only foreign IMMOVABLE property is excluded.