https://www.taxtmi.com/article/detailed?id=14176 Section 63 establishes a redesigned tax audit framework that replaces turnover-based triggers with calibrated thresholds and risk-focused selection, integrating AI-driven anomaly detection, automated compliance tracking, and blockchain-enabled audit trails to improve accuracy and target high-risk taxpayers while reducing unnecessary audits. Section 348 creates a structured compliance and penalty regime with graded penalties tied to misconduct severity, procedural rectification mechanisms, and appeal rights. The Bill shifts from manual, threshold-driven audits to a technology-centred model emphasising continuous access to digital records, faceless assessments, and alternative dispute resolution. en-us Mon, 21 Apr 2025 08:45:18 +0530 Mon, 21 Apr 2025 08:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14176 Section 63 establishes a redesigned tax audit framework that replaces turnover-based triggers with calibrated thresholds and risk-focused selection, integrating AI-driven anomaly detection, automated compliance tracking, and blockchain-enabled audit trails to improve accuracy and target high-risk taxpayers while reducing unnecessary audits. Section 348 creates a structured compliance and penalty regime with graded penalties tied to misconduct severity, procedural rectification mechanisms, and appeal rights. The Bill shifts from manual, threshold-driven audits to a technology-centred model emphasising continuous access to digital records, faceless assessments, and alternative dispute resolution. Articles Income Tax Mon, 21 Apr 2025 08:45:18 +0530 https://www.taxtmi.com/article/detailed?id=14176