- Starting FY2027, each partner will be allowed to sign a maximum of 60 tax audit reports per financial year.
- The revised guidelines were approved by ICAI’s council in its May 2025 meeting.
- The final set of rules is expected to be officially notified soon, President Charanjot Singh Nanda told ET.
Tax Audit signing limits (Before FY2027 Rule)
ICAI issued guidelines back in 2008 “recommending” that a partner should not sign more than 60 tax audits under Section 44AB, in a financial year.
The 60-Tax audit cap was more of an ICAI-recommended best practice and had not been strictly enforced.
Support authors and subscribe to content
You have reached the maximum number of articles Sign up now to continue reading for free