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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, Mumbai, Calcutta, 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: ₹15,000 (₹10,000)
b) Partnership Deed (With consultation & Tax Advisory): ₹20,000 (₹15,000)
c) Filing of Forms with Registrar of Firms: ₹7,000 (₹5,000) for each Form.
d) Supplementary / Modification in Partnership Deed: ₹12,000 (₹9,000)
e) Joint Development Agreements/ Joint Venture Agreements: ₹12,000 (₹9,000)
f) Others Deeds such as Power of Attorney, Will, Gift Deed etc.: ₹5,000 (₹3,000)

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: ₹8,000 (₹6,000)
ii) Filing of Return of Income with detailed Capital Gain working:

a) Less than 10 Transactions (For Shares & Securities): ₹11,000 (₹8,000)
b) More than 10 Transactions (For Shares & Securities): ₹17,000 (₹12,000)

iii) Filing of Return of Income for Capital Gain on Immovable property: ₹32,000 (₹22,000)
iv) Filing of Return of Income with Preparation of Bank Summary, Capital A/c & Balance Sheet: ₹12,000 (₹9,000)

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

i) Partnership Firms/Sole Proprietor with Advisory Services: ₹15,000 (₹11,000)
ii) Minor’s I.T. Statement: ₹8,000 (₹8,000)
iii) Private Ltd. Company: –

a) Active: ₹25,000 (₹17,000)
b) Defunct: ₹12,000 (₹9,000)

iv) Public Ltd. Company

a) Active: ₹65,000 (₹45,000)
b) Defunct: ₹25,000 (₹17,000)

C) Quarterly Fees for Form Filing etc.

a) Filing of TDS/TCS Return (per Form)

i) With 5 or less Entries: ₹4,000 (₹3,000)
ii)With more than 5 Entries: ₹9,000 (₹7,000)

b) Filing of Form No. 15-H/G (per Set): ₹4,000 (₹3,000)
c) Form No. 49-A/49-B: ₹4,000 (₹3,000)
d) Any other Forms filed under the Income Tax Act: ₹4,000 (₹3,000)

D) Obtaining Certificate
Obtaining Certificate from Income Tax Department: ₹14,000 (₹10,000)

E) Filing of Appeals Etc.

i) First Appeal: ₹32,000 (₹22,000)
[Preparation of Statement of Facts, Grounds of Appeal, Etc.]
ii) Second Appeal (Tribunal): ₹65,000 (₹45,000)

F) Assessments etc.

i) Attending Scrutiny Assessment/Appeal

a) Corporate: See Note 1
b) Non Corporate: ₹32,000 (₹22,000)

ii) Attending before Authorities: ₹10,000 (₹7,000) per visit.
iii) Attending for Rectifications/Refunds/Appeal effects Etc.: ₹7,000 (₹5,000) per visit.
iv) Income Tax Survey: ₹80,000 (₹55,000)
v) T.D.S. Survey: ₹50,000 (₹35,000)
vi) Income Tax Search, Seizure and any other consultancy: See Note 1

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: ₹25,000 (₹17,000)
(ii) Societies Registration Act: ₹32,000 (₹22,000)

b) Registration Under Income Tax Act: ₹25,000 (₹18,000)
c) Exemption Certificate U/s 80G of Income Tax Act: ₹20,000 (₹14,000)
d) Filing Objection Memo/other Replies: ₹10,000 (₹7,000)
e) Filing of Change Report: ₹10,000 (₹7,000)
f) Filing of Annual Budget: ₹10,000 (₹7,000)
g) Attending before Charity Commissioner including for Attending Objections: ₹8,000 (₹6,000) per visit.
h) (i) F.C.R.A. Registration: ₹35,000 (₹25,000)
(ii) F.C.R.A. Certification: ₹8,000 (₹6,000)

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: ₹8,000 (₹6,000)
b) Incorporation of a Private Limited Company/LLP: ₹35,000 (₹25,000)
c) Incorporation of a Public Limited Company: ₹65,000 (₹45,000)
d) Advisory or consultation in drafting MOA, AOA: ₹15,000 (₹12,000)
e) (i) Company’s/LLP ROC Work, Preparation of Minutes, Statutory Register & Other Secretarial Work: See Note 1
(ii) Certification (Per Certificate): ₹15,000 (₹10,000)

f) Filing Annual Return Etc.: ₹10,000 (₹8,000) per Form
g) Filing Other Forms Like: F-32, 18, 2 etc.: ₹5,000 (₹4,000) per Form
h) Increase in Authorised Capital
Filing of F-5, F-23, preparation of Revised Memorandum of Association/Article of Association/LLP Agreement: ₹25,000 (₹20,000)
i) DPIN/DIN per Application) ₹4,000 (₹3,000)
j) Company Law Consultancy including Petition drafting, Company Law representation including LLP before RD and CLB, and ROC Representation: See Note 1

5) 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: ₹18,000 (₹12,000) per Day
ii) Qualified Assistants: ₹10,000 (₹8,000) per Day
iii) Semi Qualified Assistants: ₹5,000 (₹4,000) per Day
iv) Other Assistants: ₹3,000 (₹2,000) per Day

Subject to minimum indicative Fees as under: –

i) Tax Audit: ₹40,000 (₹30,000)
ii) Company Audit

a) Small Pvt. Ltd. Co. (Turnover up to ₹2 Crore): ₹50,000 (₹35,000)
b) Medium Size Pvt. Ltd. Co./ Public Ltd. Co.: ₹80,000 (₹55,000)
c) Large Size Pvt. Ltd. Co./Public Ltd. Co.: See Note 1

iii) Review of TDS Compliance: ₹25,000 (₹20,000)
iv) Transfer Pricing Audit: See Note 1

6) 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: ₹35,000 (₹25,000) per Day
(b) Qualified Assistant: ₹18,000 (₹12,000) per Day
(c) Semi Qualified Assistant: ₹10,000 (₹7,000) per Day

7) 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 1
b) Other Certificates for LIC/Passport/Credit Card/Etc.: ₹10,000 (₹7,000)
(c) Other Attestation (True Copy): ₹3,000 (₹2,000) per Form
(d) Net worth Certificate for person going abroad: ₹18,000 (₹12,000)

8) RERA:

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

a) Audit of Accounts: ₹10,000 (₹7,000)
b) Appearance Before Appellate Tribunal or Regulatory Authority or Adjudicating Authority: ₹50,000 (₹40,000)
c) Advisory & Consultation: See Note 1
d) Certification for withdrawal of amount: See Note 1

9) 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: ₹35,000 initial fees plus additional fees @ ₹8,000 per hour (₹25,000 initial fees plus additional fees @ ₹6,000 per hour)
b) Qualified Assistant: ₹6,000 (₹4,000) per hour
c) Semi Qualified Assistant: ₹3,000 (₹2,000) 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 1
b) Other Returns: ₹18,000 (₹12,000)

11) Goods and Services Tax (GST):

Following fees has been recommended for Goods and Services Tax (GST) related services made by members of CA Institute who are in practice .

a) Registration: ₹20,000 (₹15,000)
b) Registration with Consultation: See Note 1
c) Tax Advisory & Consultation i.e. about value, taxability, classification etc.: See Note 1
d) Challan/ Returns: ₹15,000 + 4,000 per month (₹10,000 + 3,000 per month)
e) Adjudication/Show Cause notice reply: ₹30,000 (₹20,000)
f) Filing of Appeal / Appeals Drafting: ₹30,000 (₹20,000)
g) Furnish details of inward/outward supply: See Note 1
h) Misc services i.e., refund, cancellation/revocation registration, maintain electronic cash ledger etc.: See Note 1
i) Audit of accounts and reconciliation Statement: ₹40,000 (₹20,000)
j) Any Certification Work: ₹10,000 (₹5,000)

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: ₹35,000 (₹25,000)
b) Obtaining Prior Permissions from RBI for Transaction with NRIs/OCBs: ₹50,000 (₹35,000)
c) Technical Collaboration like advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters: See Note 1
d) Foreign Collaboration like advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters (incl. Shareholders Agreement): See Note 1
e) Advising on Non Resident Taxation Matters including Double Tax Avoidance Agreements including FEMA: See Note 1

13) Project Financing:

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

a) Preparation of CMA Data: See Note 1
b) Services relating to Financial sector: See Note 1

Note 1: Fees for the following assignment and work shall be charged depending on the complexity and the time spent on the particular assignment:

  1. Fees to be charged depending on the complexity and the time spent on the particular assignment.
  2. The above recommended minimum scale of fees is as recommended by the Committee for Capacity Building of Members in Practice (CCBMP) of ICAI.
  3. The aforesaid table states recommendatory minimum scale of fees works 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.
  4. 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 matter of agreement between the member and the client.
  5. GST should be collected separately wherever applicable.
  6. The Committee also recommends that the bill for each service should be raised separately and immediately after the services are rendered.
  7. Class A Cities here includes Delhi, Mumbai, Calcutta, Chennai, Pune, Hyderabad, Bangalore and Ahmedabad.
    Class B Cities includes all other cities not included in “Class A”.
  8. The amount charged will be based on the location of the service provider.

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.

For any Query please contact:

  • Ph: 0120-3045994
  • E-mail : sambit.mishra@icai.in

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