Section 44AB is Gone — How Different is Tax Audit Under the New Act?

The transition marks a shift from "Volume" to "Value." While many smaller clients will no longer require audits due to higher thresholds (₹15Cr digital/₹75L professional), the audits that remain will demand higher technical proficiency in digital forensics and GST-income tax cross-linking. It’s less of a "new coat of paint" and more of an "engine overhaul" under the same chassis.

Look at change

From penalty to fees

Penalty can be waived but fees cannot