ICAI’s Revised Minimum Rates of CA’s Professional Fees for Professional Assignments

ICAI’s Revised Minimum Recommended Scale of Fees for the Professional Assignments done by the Chartered Accountants

The Committee for Capacity Building of Members in Practice (CCBMP) of ICAI has prescribed the Revised Minimum Recommended Scale of Fees for the professional assignments done by the Chartered Accountants/ Members. 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 Class A and Class B 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.

Minimum Rates of CA’s Professional Fees: ICAI Announcement dt. 12 Oct. 2015

PARTICULARSRates for Class A Cities*Rates for Class B Cities*
I)ADVISING ON DRAFTING OF DEEDS/AGREEMENTS
(a)i) Partnership DeedRs. 10,500/- & AboveRs. 7,000/- & Above
ii) Partnership Deed (With consultation & Tax Advisory)Rs. 15,000/- & AboveRs. 10,000/- & Above
(b)Filing of Forms with Registrar of FirmsRs. 4,500/- & Above
Per Form
Rs. 3,000/- & Above
Per Form
(c)Supplementary / Modification in Partnership DeedRs. 9,000/- & AboveRs. 6,000/- & 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 ProfitRs. 6,000/- & AboveRs. 4,000/- & Above
(b) Filing of Return of Income with detailed Capital Gain working
   i)  Less than 10 Transactions (For Shares & Securities)Rs. 9,000/- & AboveRs. 6,000/- & Above
   ii) More than 10 Transactions (For Shares & Securities)Rs. 15,000/-  & AboveRs. 10,000/- & Above
(c) Filing of Return of Income for Capital Gain on Immovable propertyRs. 30,000/-  & AboveRs. 20,000/- & Above
(d) Filing of Return of Income with Preparation of Bank Summary, Capital A/c & Balance Sheet.Rs. 10,500/-  & AboveRs. 7,000/- & Above
II)(a) Partnership Firms/Sole Proprietor with Advisory ServicesRs. 12,000/-  & AboveRs. 8,000/- & Above
(b) Minor’s I.T. StatementRs. 6,000/-  & AboveRs. 4,000/- & Above
(c) Private Ltd. Company :
   i)  ActiveRs. 22,500/-  & AboveRs. 15,000/- & Above
   ii)DefunctRs. 10,500/-  & AboveRs. 7,000/- & Above
(d) Public Ltd. Company
   i)  ActiveRs. 60,000/-  & AboveRs. 40,000/- & Above
   ii)DefunctRs. 22,500/-  & AboveRs. 15,000/- & Above
B.Filing of Forms Etc.(Quarterly Fees)(Quarterly Fees)
(a) Filing of TDS/TCS Return (per Form)
   i) With 5 or less EntriesRs. 3,000/-  & AboveRs. 2,000/- & Above
   ii)With more than 5 EntriesRs. 7,500/-  & AboveRs. 5,000/- & Above
(b) Filing of Form No. 15-H/G ( per Set)Rs. 3,000/-  & AboveRs. 2,000/- & Above
(c) Form No. 49-A/49-BRs. 3,000/-  & AboveRs. 2,000/- & Above
(d) Any other Forms filed under the Income Tax ActRs. 3,000/-  & AboveRs. 2,000/- & Above
C.Certificate
Obtaining Certificate from Income Tax DepartmentRs. 12,000/-  & AboveRs. 8,000/- & Above
D.Filing of Appeals Etc.
(a) First Appeal
Preparation of Statement of Facts, Grounds of Appeal, Etc.
Rs. 30,000/-  & AboveRs. 20,000/- & Above
(b) Second Appeal (Tribunal)Rs. 60,000/-  & AboveRs. 40,000/- & Above
E.Assessments Etc.
(a) Attending Scrutiny Assessment/Appeal
   (i)  CorporateSee Note 1See Note 1
   (ii) Non CorporateRs. 30,000/- & AboveRs. 20,000/- & Above
(b) Attending before AuthoritiesRs. 9,000/- & Above
Per Visit
Rs. 6,000/- & Above
Per Visit
(c) Attending for Rectifications/Refunds/Appeal effects Etc.Rs. 6,000/- & Above
Per Visit
Rs. 4,000/- & Above
Per Visit
(d) Income Tax SurveyRs. 75,000/- & AboveRs. 50,000/- & Above
(e) T.D.S. SurveyRs. 45,000/- & AboveRs. 30,000/- & Above
(f) Income Tax Search and SeizureSee Note 1See Note 1
(g) Any other ConsultancySee Note 1See Note 1
III)CHARITABLE TRUST
(a)(i)  Registration Under Local ActRs. 22,500/- & AboveRs. 15,000/- & Above
(ii) Societies Registration ActRs. 30,000/- & AboveRs. 20,000/- & Above
(b)Registration Under Income Tax ActRs. 22,500/- & AboveRs. 15,000/- & Above
(c)Exemption Certificate U/s 80G of Income Tax ActRs. 18,000/- & AboveRs. 12,000/- & Above
(d)Filing Objection Memo/other RepliesRs. 9,000/- & AboveRs. 6,000/- & Above
(e)Filing of Change ReportRs. 9,000/- & AboveRs. 6,000/- & Above
(f)Filing of Annual BudgetRs. 9,000/- & AboveRs. 6,000/- & Above
(g)Attending before Charity Commissioner including for Attending ObjectionsRs. 7,500/- & Above
per visit
Rs. 5,000/- & Above
per visit
(h)(i)  F.C.R.A. RegistrationRs. 30,000/- & AboveRs. 20,000/- & Above
(ii) F.C.R.A. CertificationRs. 7,500/- & AboveRs. 5,000/- & Above
IV)COMPANY LAW AND LLP WORK
(a)Filing Application for Name ApprovalRs. 6,000/- & AboveRs. 4,000/- & Above
(b)Incorporation of a Private Limited Company/LLPRs. 30,000/- & AboveRs. 20,000/- & Above
(c)Incorporation of a Public Limited CompanyRs. 60,000/- & AboveRs. 40,000/- & Above
(d)(i)  Company’s/LLP ROC Work, Preparation of Minutes, Statutory Register & Other Secretarial WorkSee Note 1See Note 1
(ii) Certification (Per Certificate)Rs. 9,000/- & AboveRs. 6,000/- & Above
(e)Filing Annual Return Etc.Rs. 9,000/- & Above
per Form
Rs. 6,000/- & Above
per Form
(f)Filing Other Forms Like : F-32, 18, 2 etc.Rs. 3,000/- & Above
per Form
Rs. 2,000/- & Above
per Form
(g)Increase in Authorised Capital
Filing of F-5, F-23, preparation of Revised Memorandum of Association/Article of Association/LLP AgreementRs. 22,500/- & AboveRs. 15,000/- & Above
(h)DPIN/DIN per ApplicationRs. 3,000/- & AboveRs. 2,000/- & Above
(i)Company Law Consultancy including Petition draftingSee Note 1See Note 1
(j)Company Law representation including LLP before RD and CLBSee Note 1See Note 1
(k)ROC RepresentationSee Note 1See Note 1
V)V.A.T./  PROFESSIONAL TAX
A.Registration Work
(a) Registration Under V.A.T. & C.S.T.
Corporate
Non Corporate
See Note 1
Rs. 15,000/- & Above
See Note 1
Rs. 10,000/- & Above
(b) Professional Tax Registration (PTR)Rs. 6,000/- & AboveRs. 4,000/- & Above
( c) Professional Tax Enrollment (per Application)Rs. 3,000/- & AboveRs. 2,000/- & Above
B.Filing of Return (V.A.T.)
(a) Monthly Challans with Annual ReturnRs. 3,000 + (Per Month)Rs. 2,000/-  + (Per Month)
(b) Quarterly Challans with Annual ReturnRs. 4,500 + (Per Quarter)Rs. 3,000/-  + (Per Quarter)
(c) Six Monthly Challans with Annual ReturnRs. 6,000 + (Per 6 Months)Rs. 4,000/-  + (Per 6 Months)
(d) Yearly Composition ReturnRs. 9,000/- & AboveRs. 6,000/- & Above
C.Assessments/Appeals
(a) Attending V.A.T./Commercial Tax AssessmentsRs. 15,000/- + 7,500/- (Per Visit)Rs. 10,000/-  + 5,000/-(Per Visit)
(b) Attending V.A.T./Commercial Tax AppealsRs. 15,000/- + 9,000/- (Per Visit)Rs. 10,000/-  + 6,000/-(Per Visit)
D.Filing of Appeal/Appeals Drafting
(a) First Appeal (AC/DC)Rs. 15,000/- & AboveRs. 10,000/- & Above
(b) Second AppealRs. 22,500/- & AboveRs. 15,000/- & Above
E.Miscellaneous Work
(a) Professional Tax Returns & AssessmentRs. 7,500/- & AboveRs. 5,000/- & Above
(b) Obtaining C/F/H Forms under V.A.T./Commercial Tax( Per Application)( Per Application)
   (i)  First TimeRs. 6,000/- & AboveRs. 4,000/- & Above
   (ii) RenewalRs. 3,000/- & AboveRs. 2,000/- & 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)    PrincipalRs. 15,000/- & Above per dayRs. 10,000/- & Above
per day
(ii)  Qualified AssistantsRs. 7,500/- & Above
per day
Rs. 5,000/- & Above
per day
(iii) Semi Qualified AssistantsRs. 3,000/- & Above
per day
Rs. 2,000/- & Above per day
(iv) Other AssistantsRs. 1,500/- & Above
per day
Rs. 1,000/- & Above
per day
Subject to minimum indicative Fees as under:
(i)   Tax AuditRs. 37,500/- & AboveRs. 25,000/- & Above
(ii)  Company Audit
(a)   Small Pvt. Ltd. Co. (Turnover up to Rs. 2 Crore)Rs. 45,000/- & AboveRs. 30,000/- & Above
(b)   Medium Size Pvt. Ltd. Co./ Public Ltd. Co.Rs. 75,000/- & AboveRs. 50,000/- & Above
(c)   Large Size Pvt. Ltd. Co./Public Ltd. Co.See Note 1See Note 1
(iii)  V.A.T. AuditRs. 22,500/- & AboveRs. 15,000/- & Above
(iv)  Review of TDS ComplianceRs. 22,500/- & AboveRs. 15,000/- & Above
(v)   Transfer Pricing AuditSee Note 1See 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) PrincipalRs. 30,000/- & Above + per day chargeRs. 20,000/- & Above + per day charge
(b) Qualified AssistantRs. 15,000/- & Above + per day chargeRs. 10,000/- & Above + per day charge
(c) Semi Qualified AssistantRs. 7,500/- & Above + per day chargeRs. 5,000/- & Above + per day charge
VIII)CERIFICATION WORK
(a)Issuing Certificates under the Income Tax Act i.e. U/s 80IA/80IB/10 A/10B & other CertificatesSee Note 1See Note 1
(b)Other Certificates
For LIC/Passport/Credit Card/Etc.Rs. 7,500/- & AboveRs. 5,000/- & Above
 (c)Other Attestation (True Copy)Rs. 1,500/- per formRs. 1,000/- per Form
(d)Net worth Certificate for person going abroadRs. 1,5000/- & AboveRs. 10,000/- & Above
IX)WEALTH TAX
(a)Per statementRs. 15,000/- & AboveRs. 10,000/- & Above
(b)Statement & Filing ReturnRs. 20,000/- & AboveRs. 15,000/- & Above
X)CONSULTATION & ARBITRATION
Rate per hour would depend on the complexity of the work and the number of hours agent by each person.
(a) PrincipalRs. 30,000/- & Above(initial fees) + additional fees @ Rs. 7,500/- & Above per hourRs. 20,000/- & Above(initial fees) + additional fees @ Rs. 5,000/- & Above per hour
(b) Qualified AssistantRs. 5,300/- & Above per hourRs. 3,500/- & Above per hour
(c) Semi Qualified AssistantRs. 2,300/- & Above per hourRs. 1,500/- & Above per hour
XI)NBFC/RBI MATTERS
(a)NBFC Registration with RBISee Note 1See Note 1
(b)Other ReturnsRs. 15,000/- & AboveRs. 10,000/- & Above
XII)SERVICE TAX
(a)RegistrationRs. 15,000/- & AboveRs. 10,000/- & Above
(b)Registration with ConsultationSee Note 1See Note 1
(c)Tax Advisory & Consultation i.e. about value, taxability, classification etc.See Note 1See Note 1
(d)Monthly Challan with Half Yearly ReturnRs. 15,000/- & Above + (Rs.3,000/- Per Month)Rs. 10,000/- & Above + (Rs.2 ,000/- Per Month)
(e)Quarterly Challan with Half Yearly ReturnRs. 15,000/- & Above + (Rs. 4,500/- Per Quarter)Rs. 10,000/- & Above + (Rs.3 ,000/- Per Quarter)
(f)AdjudicationRs. 45,000/- & AboveRs. 30,000/- & Above
(g)Appeal & show cause notice drafting/ replyRs. 30,000/- & AboveRs. 20,000/- & Above
XIII)FEMA MATTERS
1Filing Declaration with RBI in relation to transaction by NRIs/OCBsRs. 30,000/- & AboveRs. 20,000/- & Above
2Obtaining Prior Permissions from RBI for Transaction with NRIs/OCBsRs. 45,000/- & AboveRs. 30,000/- & Above
3Technical Collaboration:
Advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental mattersSee Note 1See Note 1
4Foreign Collaboration:
Advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters (incl. Shareholders Agreement)See Note 1See Note 1
5Advising on non Resident Taxation Matters including Double Tax Avoidance Agreements including FEMASee Note 1See Note 1
XIV)PROJECT FINANCING
(a)Preparation of CMA DataSee Note 1See Note 1
(b)Services relating to Financial sectorSee Note 1See Note 1

* Revised Minimum Recommended Scale of Fee

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 CA Firms & Small and Medium Practitioners (CCBCAF&SMP) of ICAI and duly considered by the council.

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. Service Tax 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.

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