The Institute of Chartered Accountants of India (ICAI) has revised the maximum number of tax audits a chartered accountant can conduct annually, maintaining the limit of 60 audits per member starting from 1 April 2026. The guidelines aim to uphold audit quality and cannot be shared among partners in a CA firm.

ICAI’s revised guidelines exclude tax audits under specific clauses from the 60-audit limit, including sections 44AE, 44ADA, and 44AD. Additionally, the new rules state that revised tax audit reports will not be counted towards the limit, ensuring quality audits. These changes were decided in ICAI’s recent meetings.

In another development, ICAI has launched the ICAI International ADR Centre (IIAC) to promote alternative dispute resolution mechanisms in India. This move aims to enhance the commercial dispute resolution ecosystem by providing a transparent, technology-driven mechanism for both domestic and international stakeholders, ensuring integrity and professionalism.

ICAI president Charanjot Singh Nanda emphasized the importance of effective dispute resolution in the evolving business landscape. IIAC will offer structured arbitration, mediation, conciliation, and negotiation services, managed professionally and benchmarked globally. The initiative aligns with ICAI’s values of credibility, neutrality, and efficiency in resolving disputes.

Read more at Yahoo Finance: ICAI revises tax audit limits for chartered accountants