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Ca's limits of issue of tax audits

jagadish hiremath (advocate & tax consultant) (93 Points)

20 July 2013

Whether a single CA issuing income tax audit report u/s 44AB including reports u/s 44AD covered under ceiling limits number of 45 or not

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Yes, he will be covered under ceiling limit of 45.

In order to ensure quality and equitable distribution of audit work done by Chartered Accountants, ICAI has fixed a maximum limit for the Tax audit assignments that can be taken by a CA or a firm of CAs. This limit is set at 45 assignments per person.

If a person is found to have accepted more than 45 assignments in a year, he would be deemed to have been involved in professional misconduct.

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Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3469 Points)
Replied 21 July 2013

No, section 44AD audit is not covered in the number of 44AB tax audits which is 45. But it appears the income tax efiling software is not equipped to handle this situation. The ICAI has been requested to take up the matter with CBDT.

Thanks,