Accounting And Audit 11 August 2026
India Tax Audit Updates
The income tax audit limit for AY 2026-27 has been guided under Section 44AB and 44AD, with a complete guide to foreign portfolio investor taxation in India, including section 87A marginal relief and the Rs 12L cliff, capital-gains carve-out, with worked examples provided for clarity and understanding of the current tax regulations and laws in India.
The income tax audit limit for AY 2026-27 is guided under *Section 44AB* and *Section 44AD*. Key aspects include:
- The Rs 12L cliff and its implications
- *Capital-gains carve-out* and its application
- Worked examples for better understanding of the regulations.
The guide to foreign portfolio investor taxation in India for 2026 covers these aspects and more, with an aim to clarify the current tax laws and regulations in India.
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