{"id":714,"date":"2014-02-11T00:00:00","date_gmt":"2014-02-10T18:30:00","guid":{"rendered":""},"modified":"2016-07-29T10:22:13","modified_gmt":"2016-07-29T04:52:13","slug":"chartered-accountant-can-do-60-tax-audits-in-financial-year-2014-15-and-onwards","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/miscellaneous\/chartered-accountant-can-do-60-tax-audits-in-financial-year-2014-15-and-onwards\/","title":{"rendered":"Chartered Accountant can do 60 Tax audits in financial year 2014 -15 and onwards"},"content":{"rendered":"<p style=\"text-align: justify;\">In view of the enhancement of professional competence of members to perform quality services in an IT-enabled environment, the Council of the Institute at its 331st meeting held from 10th to 12th February, 2014 has decided to increase the &#8220;specified number of tax audit assignments&#8221; for practicing Chartered Accountants, as an individual or as a partner in a firm, from 45 to 60. The said limit will be effective for the audits conducted during the financial year 2014-15 and onwards. Accordingly, the Council Guidelines No.1-CA(7)\/02\/2008, dated 8th August,2008 stands amended <strong>from 1.4.2014 <\/strong>as under:-<\/p>\n<p>In the Council General Guidelines, 2008, the Council Guidelines No.1-CA(7)\/02\/2008, dated 8th August,2008, in Chapter VI &#8220;<em>Tax Audit assignments under Section 44AB of the Income-tax Act, 1961 <\/em>&#8220;, in <em>Explanation<\/em> given in Para 6.1, in sub-para(a) and sub-para(b), the figure &#8220;45&#8221; be substituted with the figure &#8220;60&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In view of the enhancement of professional competence of members to perform quality services in an IT-enabled environment, the Council of the Institute at its 331st meeting held from 10th to 12th February, 2014 has decided to increase the &#8220;specified number of tax audit assignments&#8221; for practicing Chartered Accountants, as an individual or as a &#8230; <a title=\"Chartered Accountant can do 60 Tax audits in financial year 2014 -15 and onwards\" class=\"read-more\" href=\"https:\/\/taxclick.org\/type\/miscellaneous\/chartered-accountant-can-do-60-tax-audits-in-financial-year-2014-15-and-onwards\/\" aria-label=\"More on Chartered Accountant can do 60 Tax audits in financial year 2014 -15 and onwards\">Read more<\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[11],"tags":[178,26,73],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chartered Accountant can do 60 Tax audits in financial year 2014 -15 and onwards - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/miscellaneous\/chartered-accountant-can-do-60-tax-audits-in-financial-year-2014-15-and-onwards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chartered Accountant can do 60 Tax audits in financial year 2014 -15 and onwards - All About Finance\" \/>\n<meta property=\"og:description\" content=\"In view of the enhancement of professional competence of members to perform quality services in an IT-enabled environment, the Council of the Institute at its 331st meeting held from 10th to 12th February, 2014 has decided to increase the &#8220;specified number of tax audit assignments&#8221; for practicing Chartered Accountants, as an individual or as a ... 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