Section 271B vs New Audit Fee Regime: What Changes from 1 April 2026?
From 1 April 2026, India’s tax audit compliance framework undergoes a structural shift. The long-standing penalty-based regime under Section 271B of the Income-tax Act, 1961 gives way to a mandatory fee-based structure under the newly introduced Income-tax framework. For businesses, professionals, tax consultants, and CFOs, this is not merely a procedural tweak – it fundamentally […]
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