Topic
Income tax
Tax Audit Report Date Moves to 21 October; Audit-Case Returns Due 21 November
CBDT Circular 07/2026 moves the AY 2026-27 audit report date to 21 October and the audit-case return date to 21 November; salaried filers without an audit obligation are outside it.
NRO Balances Are Capped at USD 1 Million a Financial Year; NRE Balances Can Go Abroad
NRE balances can be sent abroad, while NRO balances are capped at USD 1 million a financial year and their interest is taxed in India.
