TaxTMI 
TaxTMI 
The Chartered Accountants (Limit on Number of Tax Audits) Guidelines, 2025.
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....ccountants Act, 1949 (38 of 1949), the Council of the Institute of Chartered Accountants of India hereby makes the following guidelines: Short title and commencement 1. These guidelines may be called The Chartered Accountants (Limit on Number of Tax Audits) Guidelines, 2025. 2. They shall come into force w.e.f. 01.04.2026 onwards. 3. These Guidelines are issued in respect of limit on number of....
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....inancial year, more than the "specified number of tax audit assignments" in terms of these Guidelines. Explanation - In case acceptance and signing of the audit assignments under these Guidelines are spread over in two different financial years, then, the financial year in which the report is signed will be considered for the "specified number of tax audit assignments". 7. In the case of a firm ....
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..... The tax audit assignments arising out of the requirements under clause (c), clause (d) and clause (e) of Section 44AB, in relation to persons covered under section 44AE, 44ADA and 44AD, respectively, shall not be taken into account for the purpose of reckoning the "specified number of tax audit assignments" under these Guidelines. 11. In case of revision of tax audit report, the revised tax aud....
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.... of tax audit assignments", the number of such assignments, which he or any partner of his firm has accepted, whether singly or in combination with any other Chartered Accountant in practice or firm of such Chartered Accountants, shall be taken into account. 12.3 The audit of the head office and branch offices of an entity shall be regarded as single tax audit assignment. 12.4 The audit of one o....