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TAX AUDIT GUIDELINES
Action to be taken against CAs if they violate new tax audit limit rules: ICAI presidentICAI will penalize CAs violating new tax audit limits from April 2026, aiming to prevent audit assignment concentration. It partnered with ...30 Jul, 2025, 07.21 PM IST- ICAI notifies rules to limit annual tax audits to 60 per partnerTo discourage audit assignment concentration among senior partners and curb anti-competitive practices, the Institute of Chartered Accounta...30 Jul, 2025, 12.05 AM IST
- New tax audit limit rule for CAs to apply from April 2026: ICAI presidentICAI will implement new guidelines from April 2026, limiting each partner in accounting firms to a maximum of 60 tax audits annually. This ...27 Jun, 2025, 10.14 PM IST
- ICAI to limit individual tax audits by chartered accountants to 60 annually from 2026-27Chartered accountants will face a limit of 60 tax audits annually. The Institute of Chartered Accountants of India will implement this from...27 Jun, 2025, 09.01 PM IST
- Max 60 tax audits per partner likely: ICAIFrom fiscal year 2027, a partner in an accounting firm can conduct a maximum of 60 tax audits annually. Charanjot Singh Nanda, president of...18 Jun, 2025, 06.38 PM IST
- Big Four network and others under scrutiny over audit servicesThe National Financial Reporting Authority (NFRA) is investigating audit and non-audit services provided by the Big Four and other firms to...02 Jan, 2024, 11.23 AM IST
- Industry bodies urge RBI to put off new audit rulesConfederation of Indian Industries (CII), Assocham, and Finance Industry Development Council (FIDC) have all written to the central bank ab...02 Jun, 2021, 06.25 PM IST
- GST audit guidelines need to be reviewed to include video conferencing: ExpertsAs per the current goods and services tax (GST) audit guidelines, taxpayers have been broadly categorised into three groups based on their ...03 May, 2020, 05.30 PM IST
- New norms for manual scrutiny of service tax returns from AugustCentral Board of Excise and Customs will start detailed manual scrutiny of service tax returns of assessees based on risk parameters.20 Jul, 2015, 03.35 PM IST
- New norms for manual scrutiny of service tax returns from AugustAs per a CBEC circular, the detailed return scrutiny would be conducted in respect of such assessees whose total tax paid for 2014-15 is be...17 Jul, 2015, 05.25 PM IST
- Small service providers on tax radar: CBEC issues scrutiny guidelinesDuring the current fiscal, indirect tax collections for the first two months were Rs 96,128 crore with service-tax collections of Rs 27,607...11 Jul, 2015, 11.17 AM IST
- Congress, EC clash over submission of annual audit reportsThe Congress and the EC have locked horns over the issue of submission of annual audit report of the party to the panel as part of guidelin...22 Jun, 2015, 05.43 PM IST
- EC asks Congress to file audit report in 30 daysThe Election Commission ticked off the Congress for challenging its powers to ask parties to file their annual audit report with it.18 Jun, 2015, 11.19 AM IST
- CBEC sets up 40 audit commissionerates to check tax evasionCBEC has set up 40 audit commissionerates across the country tasked to audit accounts of companies and survey their other operations to det...28 Jan, 2015, 03.37 PM IST
- Election Commission guidelines on financial transparency come into forceUnder the guidelines, a party should ensure that no payment in excess of Rs 20,000 is made in cash, except in a village or in town not serv...01 Oct, 2014, 07.29 PM IST
- Blackmoney in polls: Income Tax to deploy special teams on Election Commission directivesThe comprehensive guidelines has made it mandatory for political parties to deposit their funds in banks and not to exceed ceiling limits.03 Sep, 2014, 06.23 PM IST
- Excise audit to be expeditedWith tax offset to India Inc rising by 26.1% in the first four months of ‘06-07, the indirect tax department has decided to up its ante on ...14 Sep, 2006, 12.45 PM IST
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