ICAI Introduces Revised Guidelines on Tax Audit Assignment Limits Effective from 1st April 2026. Effective from 1st April 2026, ICAI has issued new guidelines limiting the number of tax audit assignments under Section 44AB of the Income-tax Act. A Chartered Accountant (CA) in practice or a proprietary firm may accept up to 60 tax audits per financial year. For firms, the limit is 60 audits per partner. Assignments under Sections 44AE, 44ADA, and 44AD, as well as revised reports, are excluded from the count. Part-time partners are not considered for audit limits. The CA must maintain audit records, and any difficulty in implementation may be resolved through Council-issued clarifications.
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