|
Minimum Recommended Scale of Fees for
the Professional Assignments
Done by the Chartered Accountants (As Applicable Currently) |
The Committee for Capacity Building
of CA Firms and Small & Medium Practitioners (CCBCAF&SMP), ICAI has taken a
major initiative for prescribing the Minimum Recommended Scale of Fees for the
professional assignments done by the members of ICAI. The recommendation is
about the fee to be charged as per the work performed for various professional
assignments and the amount quoted under respective heads of professional work.
The fee has been recommended separately for Metro and Non Metro Cities. The
prescribed Minimum Recommended Scale Fees will enhance the productivity and
Capacity Building of Practitioners & CA Firms and will largely benefit the SMP
segment.
The Minimum Recommended Scale of
fees for Metro Cities and Non Metro cities are as follows:
|
|
For Metro Cities |
For Non Metro
Cities |
|
I)
ADVISING ON DRAFTING OF DEEDS/ AGREEMENTS |
Rate |
Rate |
|
|
(a)
i) Partnership Deed |
`5,250/-
& Above |
` 3,500/-
& Above |
|
|
ii) Partnership Deed (With
consultation & Tax Advisory) |
` 7,500/-
& Above |
`5,000/-
& Above |
|
|
(b)
Filing of Form with Registrar of Firms |
`2,250/-
& Above Per Form |
`1,500/-
& Above Per Form |
|
|
(c)
Supplementary / Modification in Partnership Deed |
` 4,500/-
& Above |
`3,000/-
& Above |
|
II)
INCOME TAX |
|
|
|
A. Filing of
Return of Income |
|
|
|
I)
|
For Individuals /
HUFs etc. |
|
|
|
|
(a) Filing of Return
of Income With Salary/Other Sources/Share of Profit |
`3,000/-
& Above |
` 2,000/-
& Above |
|
|
(b) Filing of Return
of Income with detailed Capital Gain working |
|
|
|
|
i) Less than 10 Transactions (For
Shares & Securities) |
` 4,500/-
& Above |
` 3,000/-
& Above |
|
|
ii) More than 10 Transactions (For
Shares & Securities) |
` 7,500/-
& Above |
` 5,000/-
& Above |
|
|
(c) Filing of Return
of Income for Capital Gains on Immovable property |
` 15,000/-
& Above |
` 10,000/-
& Above |
|
|
(d)
Filing of Return of Income with Preparation
of Bank Summary, Capital A/c & Balance Sheet |
` 5,250/-
& Above |
`3,500/-
& Above |
|
II) |
(a) Partnership
Firms/Sole Proprietor with Advisory services |
` 6,000/-
& Above |
`4,000/-
& Above |
|
|
(b) Minor's I.
T. Statement |
` 3,000/-
& Above |
` 3,000/-
& Above |
|
|
(c) Private Ltd.
Company: |
|
|
|
|
i)
Active |
` 11,250/-
& Above |
` 7,500/-
& Above |
|
|
ii) Defunct |
` 5,250/-
& Above |
` 3,500/-
& Above |
|
|
(d) Public Ltd. Company |
|
|
|
|
i) Active |
`30,000/-
& Above |
`20,000/-
& Above |
|
|
ii) Defunct |
`11,250/-
& Above |
`7,500/-
& Above |
|
B. Filing of Forms etc. |
|
|
|
|
(a) Filing of TDS/TCS Return (per
Form) |
(Quarterly Fees) |
(Quarterly Fees) |
|
|
i) With
5 or less Entries |
`1,500/-
& Above |
`1,000/-
& Above |
|
|
ii) With more than 5 Entries |
`3,750/- & Above |
`2,500/-
& Above |
|
|
(b) Filing Form No. 15-H /G(per Set) |
`1,500/-
& Above |
`1,000/-
& Above |
|
|
(c) Form No. 49-A/ 49-B |
`1,500/-
& Above |
`1,000/-
& Above |
|
|
(d) Any other forms filed under the
Income Tax Act |
`1,500/-
& Above |
`1,000/-
& Above |
|
C. Certificate |
|
|
|
|
Obtaining Certificate from Income Tax
Department |
`6,000/-
& Above |
`4,000/-
& Above |
|
D. Filing of Appeal, etc. |
|
|
|
|
(a) First Appeal |
|
|
|
|
Preparation of Statement of Facts,
Grounds of Appeal, etc. |
`15,000/-
& Above |
`10,000/-
& Above |
|
|
(b) Second Appeal (Tribunal) |
`30,000/-
& Above |
`20,000/-
& Above |
|
E. Assessments,
etc. |
|
|
|
|
(a)
Attending Scrutiny Assessment/ Appeal |
|
|
|
|
(i) Corporate |
See Note 1 |
See Note 1 |
|
|
(ii) Non Corporate |
`15,000/- & Above |
`10,000/-
& Above |
|
|
(b) Attending before other Authorities |
`4,500/- & Above Per Visit |
`3,000/- & Above Per Visit |
|
|
(c) Attending for
Rectifications/Refunds/ Appeal effects, etc. |
`3,000/- & Above per Visit |
`2,000/- & Above per Visit |
|
|
(d) Income Tax Survey |
`37,500/-
& Above |
`25,000/- & Above |
|
|
(e) T.D.S. Survey |
`22,500/-
& Above |
`15,000/-
& Above |
|
|
(f) Income Tax Search & Seizure |
See Note 1 |
See Note 1 |
|
|
(g) Any other Consultancy |
See Note 1 |
See Note 1 |
|
III)
CHARITABLE TRUSTS |
|
|
|
|
(a) (i)
Registration Under Local Act |
`11,250/-
& Above |
`7,500/-
& Above |
|
|
(ii)
Societies Registration Act |
`15,000/-
& Above |
`10,000/-
& Above |
|
|
(b) Registration Under Income Tax Act. |
`11,250/- & Above |
`7,500/-
& Above |
|
|
(c) Exemption Certificate u/s. 80G of
Income Tax Act |
`9,000/- & Above |
`6,000/-
& Above |
|
|
(d) Filing Objection Memo/other
Replies |
`4,500/- & Above |
`3,000/-
& Above |
|
|
(e) Filing of Change Report |
`4,500/- & Above |
`3,000/-
& Above |
|
|
(f) Filing of Annual Budget |
`4,500/- & Above |
`3,000/-
& Above |
|
|
(g)
Attending before Charity Commissioner including for Attending Objections |
`3,750/-
& Above per visit |
`2,500/-
& Above per visit |
|
|
(h) (i) F.C.R.A. Registration |
`15,000/- & Above |
`10,000/-
& Above |
|
|
(ii) F.C.R.A. Certification |
`3,750/-
& Above |
`2,500/-
& Above |
|
IV)
COMPANY LAW and LLP WORK |
|
|
|
|
(a) Filing Application for Name
Approval |
`3,000/- & Above |
`3,000/- & Above |
|
|
(b) Incorporation of a Private Limited
Company/LLP |
`15,000/- & Above |
`10,000/-
& Above |
|
|
(c) Incorporation of a Public Limited
Company |
`30,000/-
& Above |
`20,000/-
& Above |
|
|
(d) (i) Company's/LLP ROC Work,
Preparation of Minutes, Statutory Register and Other Secretarial Work |
See Note 1 |
See Note 1 |
|
|
(ii) Certification (per Certificate) |
`4,500/-
& Above |
`3,000/- & Above |
|
|
(e) Filing Annual Return etc . |
`4,500/-
& Above per form |
`3,000/- & Above per form |
|
|
(f) Filing Other Forms Like: F-32, 18,
2, etc. |
`1,500/-
& Above per form |
`1,000/-
& Above per form |
|
|
(g) Increase in Authorised Capital |
|
|
|
|
Filing F-5, F-23, preparation of
revised Memorandum of Association/ Article of Association/ LLP Agreement |
`11,250/-
& Above |
`7,500/- & Above |
|
|
(h) DPIN/DIN per Application |
`1,500/-
& Above |
`1,000/-
& Above |
|
|
(i) Company Law consultancy including
Petition drafting |
See Note 1 |
See Note 1 |
|
|
(j) Company Law representation
including LLP before RD and CLB |
See Note 1 |
See Note 1 |
|
|
(k) ROC Representation |
See Note 1 |
See Note 1 |
|
V)
V.A.T./ PROFESSIONAL TAX |
|
|
|
A. Registration
Work |
|
|
|
|
(a)
Registration under V.A.T. & C.S.T. |
|
|
|
|
Corporate |
See Note 1 |
See Note 1 |
|
|
Non
Corporate |
`7,500/-
& Above |
`5,000/-
& Above |
|
|
(b) Professional Tax Registration (PTR) |
`3,000/-
& Above |
`2,000/-
& Above |
|
|
(c) Professional Tax Enrollment (per
application) |
`1,500/-
& Above |
`1,000/-
& Above |
|
B. Filing of
Return (V.A.T.) |
|
|
|
|
(a)
Monthly Challans with Annual Return |
`1,500+ (Per Month) |
`1,000+
(Per Month) |
|
|
(b) Quarterly Challans with Annual
Return |
`2,250+(Per Quarter) |
`1,500+(Per Quarter) |
|
|
(c) Six Monthly
Challans with Annual Return |
`3,000 +(Per 6 Months) |
`2,000+(Per 6 Months) |
|
|
(d)
Yearly Composition Return |
`4,500
& above |
`3,000
& above |
|
C. Assessments/
Appeals |
|
|
|
|
(a) Attending V.A.T./Commercial Tax
Assessments |
`7,500/-
+ 3,750/- (Per Visit) |
`5,000/- + R2,500/- (Per
Visit) |
|
|
(b) Attending V.A.T./Commercial Tax
Appeals |
`7,500/- + R4,500/- (Per
visit) |
`5,000/- + R3,000/- (Per
visit) |
|
D. Filling of
Appeal / Appeals Drafting |
|
|
|
|
(a) First Appeal (AC/DC) |
`7,500/-
& Above |
`5,000/- & Above |
|
|
(b) Second Appeal |
`11,250/- & Above |
`7,500/- & Above |
|
E. Miscellaneous
Work |
|
|
|
|
(a)
Professional Tax Returns & Assessment |
`3,750/- & Above |
`2,500/- & Above |
|
|
(b)
Obtaining C/F/H Forms under V.A.T./Commercial Tax |
(Per Application) |
(Per
Application) |
|
|
(i) First Time |
`3,000/- & Above |
`2,000/- & Above |
|
|
(ii) Renewal |
`1,500/-
& Above |
`1,000/- & Above |
|
VI)
AUDIT and OTHER ASSIGNMENTS |
|
|
|
|
Rate per
day would depend on the complexity of the work and the number of days
spent by each person. |
|
|
|
|
(i) Principal |
`7,500/-& Above per day |
`5,000/- & Above per day |
|
|
(ii) Qualified Assistants |
`3,750/-&
Above per day |
`2,500/- & Above per day |
|
|
(iii) Semi Qualified Assistants |
`1,500/-&
Above per day |
`1,000/-& Above per day |
|
|
(iv) Other Assistants |
`750/-& Above per day |
`500/-&
Above per day |
|
|
Subject to minimum indicative Fees as
under: |
|
|
|
|
(i) Tax
Audit |
`18,750/- & Above |
`12,500/-
& Above |
|
|
(ii) Company Audit |
|
|
|
|
(a) Small Pvt. Ltd. Co. (Turnover up to `
2 Crore) |
`22,500/-&
Above |
`15,000/-
& Above |
|
|
(b) Medium Size Pvt. Ltd. Co.
(Turnover between ` 2 to 10
Crore) |
`37,500/-
& Above |
`25,000/-
& Above |
|
|
(c) Large Size Pvt. Ltd. Co./ Public
Ltd. Co. |
See Note 1 |
See Note 1 |
|
|
(iii) V.A.T. Audit |
`11,250/-
& Above |
`7,500/-
& Above |
|
|
(iv) Review Of TDS Compliance |
`11,250/-
& Above |
`7,500/-
& Above |
|
|
(v)
Transfer Pricing Audit |
See Note 1 |
See Note 1 |
|
VII)
INVESTIGATION, MANAGEMENT SERVICES OR SPECIAL ASSIGNMENTS |
|
|
Rate per day would depend on the
complexity of the work and the number of days spent by each person |
|
|
|
|
(a) Principal
|
`15,000/-& Above +
per day charge |
`10,000/-
& Above +
per day charge |
|
|
(b) Qualified Assistant |
`7,500/-& Above +
per day charge |
`5,000/-
& Above +
per day charge |
|
|
(c) Semi Qualified Assistant |
`3,750/-&
Above +
per day charge |
`2,500/-&
Above +
per day charge |
|
VIII)
CERTIFICATION WORK |
|
|
(a) Issuing Certificates under the
Income Tax Act i.e. U/S 80IA/ 80IB/ 10A/ 10B & other Certificates |
See Note 1 |
See Note 1 |
|
|
(b)
Other Certificates |
|
|
|
|
For LIC/ Passports/ Credit Cards/ etc. |
`3750/-
& Above |
`2500/-
& Above |
|
|
(c) Other Attestation (True Copy) |
`750/-
per form |
`500/-
per form |
|
|
(d) Networth Certificate for person
going abroad |
`7,500/-
& above |
`5,000/- & above |
|
IX)
WEALTH TAX |
|
|
|
|
(a) Per
Statement |
`7,500/-
& Above |
`5,000/-
& Above |
|
|
(b)
Statement & Filing Return |
`10,000/-
& Above |
`7,500/-
& Above |
|
X) CONSULTATION & ARBITRATION |
|
|
|
|
Rate per hour would depend on the
complexity of the work and the number of hours spent by each person |
|
|
|
|
(a)
Principal |
`15,000/- & above (initial
fees) + additional fees @ `3,750/-
& above per hour |
`10,000/-
& above (initial fees) + additional fees @
`2,500/- & above per hour |
|
|
(b)
Qualified Assistant |
`2,625/- & above per hour |
`1,750/-
& above per hour |
|
|
(c) Semi Qualified Assistant |
`1,125/- & above per hour |
`750/- & above per hour |
|
XI)
NBFC/ RBI MATTERS |
|
|
|
|
(a) NBFC
Registration with RBI |
See Note 1 |
See Note 1 |
|
|
(b) Other Returns |
`7,500/- & above |
`5,000/- & above |
|
XII) SERVICE TAX |
|
|
|
|
(a) Registration |
`7,500/- & Above |
`7,500/-
& Above |
|
|
(b)
Registration with Consultation |
See Note 1 |
See Note 1 |
|
|
(c) Tax Advisory & Consultation i.e
about value, taxability, classification etc. |
See Note 1 |
See Note 1 |
|
|
(d)
Monthly Challan with Half Yearly Return |
`7,500
& Above
+ (R1500/-Per Month) |
`5,000 & Above
+ (R1000/-Per Month) |
|
|
(e) Quarterly Challan with Half Yearly
Return |
`7,500 & Above
+(R2250/- Per Quarter) |
`5,000
& Above
+(R1500/- Per Quarter) |
|
|
(f)
Adjudication |
`22,500
& above |
`15,000
& above |
|
|
(g)
Appeal & showcause notice drafting / reply |
`15,000
& above |
`10,000 & above |
|
XIII)
FEMA MATTERS |
|
|
|
|
1. Filing Declaration with RBI in
relation to transaction by NRIs/ OCBs |
`15,000/- & Above |
`10,000/- & Above |
|
|
2. Obtaining Prior Permissions from
RBI for transaction with NRIs/ OCBs |
`22500/-
& Above |
`15,000/- & Above |
|
|
3. Technical Collaboration: |
|
|
|
|
Advising, obtaining RBI permission,
drafting and preparing technical collaboration agreement and incidental
matters. |
See Note 1 |
See Note 1 |
|
|
4. Foreign Collaboration: |
|
|
|
|
Advising, obtaining RBI permission, drafting and preparing technical
collaboration agreement and incidental matters. (incl. Shareholders
Agreement) |
See Note 1 |
See Note 1 |
|
|
5.
Advising on Non Resident Taxation Matters including Double Tax Avoidance
Agreements including FEMA |
See Note 1 |
See Note 1 |
|
XIV
PROJECT FINANCING |
|
|
|
|
(a)
Preparation of CMA Data |
See Note 1 |
See Note 1 |
|
|
(b) Services relating to financial
sector |
See Note 1 |
See Note 1 |
Notes:
-
Fees to be charged depending on the complexity and the time spent on the
particular assignment.
-
The above
recommended minimum scale of fees is as recommended by the CCBCAF&SMP
Committee of ICAI and duly considered by the Council.
-
The aforesaid
table states recommendatory minimum scale of fees worked out by taking into
account average time required to complete such assignments. However, members
are free to charge varying rates depending upon the nature and complexity of
assignment and time involved in completing the same.
-
Office time
spent in travelling & out-of-pocket expenses would be chargeable. The
Committee issues for general information the above recommended scale of fees
which it considers reasonable under present conditions. It will be appreciated
that the actual fees charged in individual cases will be a matter of agreement
between the member and the client.
-
Service Tax
should be collected separately wherever applicable.
-
The Committee
also recommends that the bill for each service should be raised separately and
immediately after the services are rendered.
|
