A member of institute shall not accept more than specified number of tax audit under section 44AB of Income Tax Act. Mr. Gaurav is a partner in M/s XYZ & Co., a firm of Charted Accountants with 6 Partners. During Asst. Year 2015-16, Mr. gaurav has alone signed 290 tax audit reports consisting of both corporate & non corporate assesses.

Questions › Category: CA-Final Prof Ethics › A member of institute shall not accept more than specified number of tax audit under section 44AB of Income Tax Act. Mr. Gaurav is a partner in M/s XYZ & Co., a firm of Charted Accountants with 6 Partners. During Asst. Year 2015-16, Mr. gaurav has alone signed 290 tax audit reports consisting of both corporate & non corporate assesses.

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saurav shah asked 7 years ago

Sir, this question was asked for Nov\’16 Ca final paper. I want to know answer for this because i have read suggested answers & their they have written tht CA Gaurav is guilty of misconduct but on icai website is has been clarified that even one partner can sign all the tax audit reports. So sir kindly clarify the answer.http://www.icai.org/new_post.html?post_id=10656 Thanking You

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Ravi Staff answered 7 years ago

Suggested Answer is not yet issued by ICAI. He is not guilty of breach of Council Guidelines 2008. He can sign 60×6 = 360 audits.