New Delhi, July 30 -- New Delhi: Accounting rule-maker Institute of Chartered Accountants of India (ICAI) said on Wednesday it has modified the norms on the maximum number of tax audits a chartered accountant can do in a year in order to ensure quality of tax audits and prevent tax avoidance and evasion.
ICAI said certain modifications will apply to the existing limit of 60 tax audit assignments a chartered accountant (CA) can take up, effective from 1 April 2026.
This limit of 60 assignments will now be the total tax audits a professional can accept and sign in a financial year irrespective of the assessment years to which the assignments relate. That is, even if the audit assignment is for an earlier assessment year, that will be coun...
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