Dear Professional Colleague,
Subject: Seeking views regarding retaining/revising the existing limit of 60 tax audit assignments relating to an assessment year per member in practice
As you are aware, ICAI has always been conscious of the quality of tax audits conducted by its members. Accordingly, the Chartered Accountants conducting tax audits under the provisions of the Income-tax Act, 1961 are required to adhere to the Council Guidelines issued within the framework provided in the Chartered Accountants Act, 1949. The existing Council Guidelines lay down the limit of 60 tax audit assignments (under section 44AB) per member in practice relating to an assessment year excluding audits conducted under sections 44AD, 44ADA and 44AE.
We hereby seek the views of members at large regarding retaining/revising the existing limit of 60 tax audit assignments relating to an assessment year per member in practice. Members are requested to submit their inputs by clicking on the link below latest by 9th June, 2024:
https://forms.gle/KtibQ2eVAuGxSGxDA
Looking forward for your response.
With Warm Regards,
Chairman and Vice Chairman, Direct Taxes Committee, ICAI
|