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Minimum fees charged by Chartered Accountants in Practice

Revised minimum fees charged for professional assignments done by CA in Practice as prescribed by Committee for Capacity Building of Members of ICAI.

The Committee for Capacity Building of Members in Practice (CCBMP) of the Institute of Chartered Accountants of India (ICAI) has prescribed the minimum recommended scale of fees for the professional assignments done by the members of CA Institute.

The prescribed Minimum Recommended Scale Fees will enhance the productivity and Capacity Building of Practitioners and CA Firms and will largely benefit the Small and Medium Practitioners (SMP) segment. Accordingly, all Chartered Accountants who are in practice may consider these recommendations while charging fee for the work performed for various professional assignments.

The Capacity Building of Members in Practice was formed under regulatory provisions of Chartered Accountants Act, 1949 for CA Firms/LLP and members in practice. The ultimate objective of the Committee is to address the issues of profession and challenges faced by the CA Firms and enhancing their competence through capacity building and improving their visibility amongst the business community.

Revised Minimum Fees for Professional Assignments done by CA

CCBMP has recommended the fee separately for Class A and Class B Cities and therefore the amount charged will be based on the location of the service provider. Class A Cities includes Delhi, Kolkata, Mumbai, Chennai, Pune, Hyderabad, Bangalore and Ahmedabad whereas Class B Cities includes all other cities not included in Class A.

The Committee also recommends that the bill for each service should be raised separately and immediately after the services are rendered. Further, Service Tax should be collected separately wherever applicable.

Following are the recommended minimum scale of fees which has been recommended by the Committee for Capacity Building of CA Firms & Small and Medium Practitioners (CCBCAF&SMP) of ICAI and duly considered by the Council. Fees shown within bracket () are for Class B Cities.

1) Advising on Drafting of Deeds/Agreements:

ICAI members who are holding COP may charge the following minimum fee for advising on Drafting of Deeds/Agreements.

a) Partnership Deed: ₹10,500 (₹7,000)
b) Partnership Deed (With consultation & Tax Advisory): ₹15,000 (₹10,000)
c) Filing of Forms with Registrar of Firms: ₹4,500 (₹3,000) for each Form.
d) Supplementary / Modification in Partnership Deed: ₹9,000 (₹6,000)

2) Income Tax:

CA in practice may charge these revised minimum recommended fees for Income-tax related matters viz. Income-tax return filing, attending for rectifications / refunds, and filing of appeals etc.

A) Filing of Return of Income for Individuals/ HUFs etc.

i) Filing of Return of Income with Salary/Other Sources/Share of Profit: ₹6,000 (₹4,000)
ii) Filing of Return of Income with detailed Capital Gain working:

a) Less than 10 Transactions (For Shares & Securities): ₹9,000 (₹6,000)
b) More than 10 Transactions (For Shares & Securities): ₹15,000 (₹10,000)

iii) Filing of Return of Income for Capital Gain on Immovable property: ₹30,000 (₹20,000)
iv) Filing of Return of Income with Preparation of Bank Summary, Capital A/c & Balance Sheet: ₹10,500 (₹7,000)

B) Filing of Return of Income for Firm/ Company etc.

i) Partnership Firms/Sole Proprietor with Advisory Services: ₹12,000 (₹8,000)
ii) Minor’s I.T. Statement: ₹6,000 (₹4,000)
iii) Private Ltd. Company: –

a) Active: ₹22,500 (₹15,000)
b) Defunct: ₹10,500 (₹7,000)

iv) Public Ltd. Company

a) Active: ₹60,000 (₹40,000)
b) Defunct: ₹22,500 (₹15,000)

C) Quarterly Fees for Form Filing.

i) Filing of TDS/TCS Return (per Form)
i) With 5 or less Entries: ₹3,000 (₹2,000)
ii)With more than 5 Entries: ₹7,500 (₹5,000)
ii) Filing of Form No. 15-H/G (per Set): ₹3,000 (₹2,000)
iii) Form No. 49-A/49-B: ₹3,000 (₹2,000)
iv) Any other Forms filed under the Income Tax Act: ₹3,000 (₹2,000)

D) Obtaining Certificate
Obtaining Certificate from Income Tax Department: ₹12,000 (₹8,000)

E) Filing of Appeals Etc.

i) First Appeal: ₹30,000 (₹20,000)
Preparation of Statement of Facts, Grounds of Appeal, Etc.
ii) Second Appeal (Tribunal): ₹60,000 (₹40,000)

F) Assessments etc.

i) Attending Scrutiny Assessment/Appeal

a) Corporate: See Note
b) Non Corporate: ₹30,000 (₹20,000)

ii) Attending before Authorities: ₹9,000 (₹6,000) per visit.
iii) Attending for Rectifications/Refunds/Appeal effects Etc.: ₹6,000 (₹4,000) per visit.
iv) Income Tax Survey: ₹75,000 (₹50,000)
v) T.D.S. Survey: ₹45,000 (₹30,000)
vi) Income Tax Search, Seizure and any other consultancy: See Note

3) Charitable Trust:

Following are the minimum prescribed fees charged by CA in practice for the respective services related to charitable trust.

a) (i) Registration Under Local Act: ₹22,500 (₹15,000)
(ii) Societies Registration Act: ₹30,000 (₹20,000)

b) Registration Under Income Tax Act: ₹22,500 (₹15,000)
c) Exemption Certificate U/s 80G of Income Tax Act: ₹18,000 (₹12,000)
d) Filing Objection Memo/other Replies: ₹9,000 (₹6,000)
e) Filing of Change Report: ₹9,000 (₹6,000)
f) Filing of Annual Budget: ₹9,000 (₹6,000)
g) Attending before Charity Commissioner including for Attending Objections: ₹7,500 (₹5,000) per visit.
h) (i) F.C.R.A. Registration: ₹30,000 (₹20,000)
(ii) F.C.R.A. Certification: ₹7,500 (₹5,000)

4) Company Law and LLP Work:

Members of ICAI in practice shall consider the following recommended fee while doing assignment related to Company Law and LLP work.

a) Filing Application for Name Approval: ₹6,000 (₹4,000)
b) Incorporation of a Private Limited Company/LLP: ₹30,000 (₹20,000)
c) Incorporation of a Public Limited Company: ₹60,000 (₹40,000)
d) (i) Company’s/LLP ROC Work, Preparation of Minutes, Statutory Register & Other Secretarial Work: See Note
(ii) Certification (Per Certificate): ₹9,000 (₹6,000)

e) Filing Annual Return Etc.: ₹9,000 (₹6,000) per Form
f) Filing Other Forms Like: F-32, 18, 2 etc.: ₹3,000 (₹2,000) per Form
g) Increase in Authorised Capital
Filing of F-5, F-23, preparation of Revised Memorandum of Association/Article of Association/LLP Agreement: ₹22,500 (₹15,000)
h) DPIN/DIN per Application) ₹3,000 (₹2,000)
i) Company Law Consultancy including Petition drafting, Company Law representation including LLP before RD and CLB, and ROC Representation:

5) VAT / Professional Tax:

Following are the revised minimum recommended scale of fees to be charged by Chartered Accountants for assignment work related to VAT and Professional Tax.

A) Registration Work

i) Registration under VAT & CST for Corporate: See Note
i) Registration under VAT & CST for Non Corporate: ₹15,000 (₹10,000)
iii) Professional Tax Registration (PTR): ₹6,000 (₹4,000)
iv) Professional Tax Enrollment (per Application): ₹3,000 (₹2,000)

B) Filing of Return (V.A.T.)

(a) Monthly Challans with Annual Return: ₹3,000 (₹2,000) per Month
(b) Quarterly Challans with Annual Return: ₹4,500 (₹3,000) per Quarter
(c) Six Monthly Challans with Annual Return: ₹6,000 (₹4,000) per six Month
(d) Yearly Composition Return: ₹9,000 (₹6,000)

C) Assessments/Appeals

(a) Attending V.A.T./Commercial Tax Assessments: ₹15,000 (₹10,000) per visit
(b) Attending V.A.T./Commercial Tax Appeals: ₹15,000 (₹10,000) per visit

D) Filing of Appeal/Appeals Drafting

(a) First Appeal (AC/DC): ₹15,000 (₹10,000)
(b) Second Appeal: ₹22,500 (₹15,000)

E) Miscellaneous Work

(a) Professional Tax Returns & Assessment: ₹7,500 (₹5,000)
(b) Obtaining C/F/H Forms under V.A.T./Commercial Tax

i) First Time: ₹6,000 (₹4,000) per application
ii) Renewal: ₹3,000 (₹2,000) per application

6) 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: ₹15,000 (₹10,000) per Day
ii) Qualified Assistants: ₹7,500 (₹5,000) per Day
iii) Semi Qualified Assistants: ₹3,000 (₹2,000) per Day
iv) Other Assistants: ₹1,500 (₹1,000) per Day

Subject to minimum indicative Fees as under: –

i) Tax Audit: ₹37,500 (₹25,000)
ii) Company Audit

a) Small Pvt. Ltd. Co. (Turnover up to ₹2 Crore): ₹45,000 (₹30,000)
b) Medium Size Pvt. Ltd. Co./ Public Ltd. Co.: ₹75,000 (₹50,000)
c) Large Size Pvt. Ltd. Co./Public Ltd. Co.: See Note

iii) V.A.T. Audit: ₹22,500 (₹15,000)
iv) Review of TDS Compliance: ₹22,500 (₹15,000)
v) Transfer Pricing Audit: See Note

7) 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: ₹30,000 (₹20,000) per Day
(b) Qualified Assistant: ₹15,000 (₹10,000) per Day
(c) Semi Qualified Assistant: ₹7,500 (₹5,000) per Day

8) Certification Work:

CA in Practice may charge the following recommended fee for the respective work.

a) Issuing Certificates under the Income Tax Act i.e. u/s 80IA/80IB/10 A/10B & other Certificates: See Note
b) Other Certificates for LIC/Passport/Credit Card/Etc.: ₹7,500 (₹5,000)
(c) Other Attestation (True Copy): ₹1,500 (₹1,000) per Form
(d) Net worth Certificate for person going abroad: ₹15,000 (₹10,000)

9) Wealth Tax:

These fees have been recommended to be charged by Chartered Accountants in practice for Wealth Tax related assignments.

a) Per statement: ₹15,000 (₹10,000)
b) Statement and Filing Return: ₹20,000 (₹15,000)

10) Consultation and Arbitration:

Rate per hour would depend on the complexity of the work and the number of Hours agent by each person.

a) Principal: ₹30,000 plus additional fees @ ₹7,500 per hour (₹20,000 plus additional fees @ ₹7,500 per hour)
b) Qualified Assistant: ₹5,300 (₹3,500) per hour
c) Semi Qualified Assistant: ₹2,300 (₹1,500) per hour

10) NBFC / RBI Matters:

Fee charged by CA in Practice for the work related to NBFC and RBI matters.

a) NBFC Registration with RBI: See Note
b) Other Returns: ₹15,000 (₹10,000)

11) Service Tax:

Following fees has been recommended for members of CA Institute who are in practice.

a) Registration: ₹15,000 (₹10,000)
b) Registration with Consultation: See Note
c) Tax Advisory & Consultation i.e. about value, taxability, classification etc.: See Note
d) Monthly Challan with Half Yearly Return: ₹15,000 + 3,000 per month (₹10,000 + 2,000 per month)
e) Quarterly Challan with Half Yearly Return: ₹15,000 + 4,500 per month (₹10,000 + 3,000 per month)
f) Adjudication: ₹45,000 (₹30,000)
g) Appeal & show cause notice drafting/ reply: ₹30,000 (₹20,000)

12) FEMA Matters:

Prescribed minimum fee to be charged by CA in practice for Foreign Exchange related matter.

a) Filing Declaration with RBI in relation to transaction by NRIs/OCBs: ₹30,000 (₹20,000)
b) Obtaining Prior Permissions from RBI for Transaction with NRIs/OCBs: ₹45,000 (₹30,000)
c) Technical Collaboration like advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters: See Note
d) Foreign Collaboration like advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters (incl. Shareholders Agreement): See Note
e) Advising on Non Resident Taxation Matters including Double Tax Avoidance Agreements including FEMA: See Note

13) Project Financing:

Project financing related prescribed fees to be charged by members of ICAI in practice.

a) Preparation of CMA Data: See Note
b) Services relating to Financial sector: See Note

Note: Fees for the following assignment and work shall be charged depending on the complexity and the time spent on the particular assignment:

  1. Attending Scrutiny Assessment/Appeal for corporates.
  2. Income Tax Search, Seizure and any other consultancy.
  3. Company’s /LLP ROC Work, Preparation of Minutes, Statutory Register & Other Secretarial Work.
  4. Company Law Consultancy including Petition drafting, Company Law representation including LLP before RD and CLB, and ROC Representation.
  5. Registration under VAT & CST for Corporate.
  6. Audit of Large Size Pvt. Ltd. Company / Public Ltd. Company.
  7. Transfer Pricing Audit.
  8. Issuing Certificates under the Income Tax Act i.e. u/s 80IA/80IB/10 A/10B & other Certificates.
  9. NBFC Registration with RBI.
  10. Service Tax Registration with Consultation.
  11. Service Tax Advisory & Consultation i.e. about value, taxability, classification etc.
  12. Technical Collaboration like advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters.
  13. Foreign Collaboration like advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters (incl. Shareholders Agreement.
  14. Advising on Non Resident Taxation Matters including Double Tax Avoidance Agreements including FEMA.
  15. Preparation of CMA Data.
  16. Services relating to Financial sector.

Note that the aforesaid fees are recommendatory and therefore chartered accountants are free to charge varying rates depending upon the nature and complexity of assignment and time involved in completing the same.

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