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

PARTICULARS Rates for Class A Cities* Rates for Class B Cities*
I) ADVISING ON DRAFTING OF DEEDS/AGREEMENTS
(a) i) Partnership Deed Rs. 10,500/- & Above Rs. 7,000/- & Above
ii) Partnership Deed (With consultation & Tax Advisory) Rs. 15,000/- & Above Rs. 10,000/- & Above
(b) Filing of Forms with Registrar of Firms Rs. 4,500/- & Above
Per Form
Rs. 3,000/- & Above
Per Form
(c) Supplementary / Modification in Partnership Deed Rs. 9,000/- & Above Rs. 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 Profit Rs. 6,000/- & Above Rs. 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/- & Above Rs. 6,000/- & Above
   ii) More than 10 Transactions (For Shares & Securities) Rs. 15,000/-  & Above Rs. 10,000/- & Above
(c) Filing of Return of Income for Capital Gain on Immovable property Rs. 30,000/-  & Above Rs. 20,000/- & Above
(d) Filing of Return of Income with Preparation of Bank Summary, Capital A/c & Balance Sheet. Rs. 10,500/-  & Above Rs. 7,000/- & Above
II) (a) Partnership Firms/Sole Proprietor with Advisory Services Rs. 12,000/-  & Above Rs. 8,000/- & Above
(b) Minor’s I.T. Statement Rs. 6,000/-  & Above Rs. 4,000/- & Above
(c) Private Ltd. Company :
   i)  Active Rs. 22,500/-  & Above Rs. 15,000/- & Above
   ii)Defunct Rs. 10,500/-  & Above Rs. 7,000/- & Above
(d) Public Ltd. Company
   i)  Active Rs. 60,000/-  & Above Rs. 40,000/- & Above
   ii)Defunct Rs. 22,500/-  & Above Rs. 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 Entries Rs. 3,000/-  & Above Rs. 2,000/- & Above
   ii)With more than 5 Entries Rs. 7,500/-  & Above Rs. 5,000/- & Above
(b) Filing of Form No. 15-H/G ( per Set) Rs. 3,000/-  & Above Rs. 2,000/- & Above
(c) Form No. 49-A/49-B Rs. 3,000/-  & Above Rs. 2,000/- & Above
(d) Any other Forms filed under the Income Tax Act Rs. 3,000/-  & Above Rs. 2,000/- & Above
C. Certificate
Obtaining Certificate from Income Tax Department Rs. 12,000/-  & Above Rs. 8,000/- & Above
D. Filing of Appeals Etc.
(a) First Appeal
Preparation of Statement of Facts, Grounds of Appeal, Etc.
Rs. 30,000/-  & Above Rs. 20,000/- & Above
(b) Second Appeal (Tribunal) Rs. 60,000/-  & Above Rs. 40,000/- & Above
E. Assessments Etc.
(a) Attending Scrutiny Assessment/Appeal
   (i)  Corporate See Note 1 See Note 1
   (ii) Non Corporate Rs. 30,000/- & Above Rs. 20,000/- & Above
(b) Attending before Authorities Rs. 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 Survey Rs. 75,000/- & Above Rs. 50,000/- & Above
(e) T.D.S. Survey Rs. 45,000/- & Above Rs. 30,000/- & Above
(f) Income Tax Search and Seizure See Note 1 See Note 1
(g) Any other Consultancy See Note 1 See Note 1
III) CHARITABLE TRUST
(a) (i)  Registration Under Local Act Rs. 22,500/- & Above Rs. 15,000/- & Above
(ii) Societies Registration Act Rs. 30,000/- & Above Rs. 20,000/- & Above
(b) Registration Under Income Tax Act Rs. 22,500/- & Above Rs. 15,000/- & Above
(c) Exemption Certificate U/s 80G of Income Tax Act Rs. 18,000/- & Above Rs. 12,000/- & Above
(d) Filing Objection Memo/other Replies Rs. 9,000/- & Above Rs. 6,000/- & Above
(e) Filing of Change Report Rs. 9,000/- & Above Rs. 6,000/- & Above
(f) Filing of Annual Budget Rs. 9,000/- & Above Rs. 6,000/- & Above
(g) Attending before Charity Commissioner including for Attending Objections Rs. 7,500/- & Above
per visit
Rs. 5,000/- & Above
per visit
(h) (i)  F.C.R.A. Registration Rs. 30,000/- & Above Rs. 20,000/- & Above
(ii) F.C.R.A. Certification Rs. 7,500/- & Above Rs. 5,000/- & Above
IV) COMPANY LAW AND LLP WORK
(a) Filing Application for Name Approval Rs. 6,000/- & Above Rs. 4,000/- & Above
(b) Incorporation of a Private Limited Company/LLP Rs. 30,000/- & Above Rs. 20,000/- & Above
(c) Incorporation of a Public Limited Company Rs. 60,000/- & Above Rs. 40,000/- & Above
(d) (i)  Company’s/LLP ROC Work, Preparation of Minutes, Statutory Register & Other Secretarial Work See Note 1 See Note 1
(ii) Certification (Per Certificate) Rs. 9,000/- & Above Rs. 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 Agreement Rs. 22,500/- & Above Rs. 15,000/- & Above
(h) DPIN/DIN per Application Rs. 3,000/- & Above Rs. 2,000/- & 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
Non Corporate
See Note 1
Rs. 15,000/- & Above
See Note 1
Rs. 10,000/- & Above
(b) Professional Tax Registration (PTR) Rs. 6,000/- & Above Rs. 4,000/- & Above
( c) Professional Tax Enrollment (per Application) Rs. 3,000/- & Above Rs. 2,000/- & Above
B. Filing of Return (V.A.T.)
(a) Monthly Challans with Annual Return Rs. 3,000 + (Per Month) Rs. 2,000/-  + (Per Month)
(b) Quarterly Challans with Annual Return Rs. 4,500 + (Per Quarter) Rs. 3,000/-  + (Per Quarter)
(c) Six Monthly Challans with Annual Return Rs. 6,000 + (Per 6 Months) Rs. 4,000/-  + (Per 6 Months)
(d) Yearly Composition Return Rs. 9,000/- & Above Rs. 6,000/- & Above
C. Assessments/Appeals
(a) Attending V.A.T./Commercial Tax Assessments Rs. 15,000/- + 7,500/- (Per Visit) Rs. 10,000/-  + 5,000/-(Per Visit)
(b) Attending V.A.T./Commercial Tax Appeals Rs. 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/- & Above Rs. 10,000/- & Above
(b) Second Appeal Rs. 22,500/- & Above Rs. 15,000/- & Above
E. Miscellaneous Work
(a) Professional Tax Returns & Assessment Rs. 7,500/- & Above Rs. 5,000/- & Above
(b) Obtaining C/F/H Forms under V.A.T./Commercial Tax ( Per Application) ( Per Application)
   (i)  First Time Rs. 6,000/- & Above Rs. 4,000/- & Above
   (ii) Renewal Rs. 3,000/- & Above Rs. 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)    Principal Rs. 15,000/- & Above per day Rs. 10,000/- & Above
per day
(ii)  Qualified Assistants Rs. 7,500/- & Above
per day
Rs. 5,000/- & Above
per day
(iii) Semi Qualified Assistants Rs. 3,000/- & Above
per day
Rs. 2,000/- & Above per day
(iv) Other Assistants Rs. 1,500/- & Above
per day
Rs. 1,000/- & Above
per day
Subject to minimum indicative Fees as under:
(i)   Tax Audit Rs. 37,500/- & Above Rs. 25,000/- & Above
(ii)  Company Audit
(a)   Small Pvt. Ltd. Co. (Turnover up to Rs. 2 Crore) Rs. 45,000/- & Above Rs. 30,000/- & Above
(b)   Medium Size Pvt. Ltd. Co./ Public Ltd. Co. Rs. 75,000/- & Above Rs. 50,000/- & Above
(c)   Large Size Pvt. Ltd. Co./Public Ltd. Co. See Note 1 See Note 1
(iii)  V.A.T. Audit Rs. 22,500/- & Above Rs. 15,000/- & Above
(iv)  Review of TDS Compliance Rs. 22,500/- & Above Rs. 15,000/- & 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 Rs. 30,000/- & Above + per day charge Rs. 20,000/- & Above + per day charge
(b) Qualified Assistant Rs. 15,000/- & Above + per day charge Rs. 10,000/- & Above + per day charge
(c) Semi Qualified Assistant Rs. 7,500/- & Above + per day charge Rs. 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 Certificates See Note 1 See Note 1
(b) Other Certificates
For LIC/Passport/Credit Card/Etc. Rs. 7,500/- & Above Rs. 5,000/- & Above
 (c) Other Attestation (True Copy) Rs. 1,500/- per form Rs. 1,000/- per Form
(d) Net worth Certificate for person going abroad Rs. 1,5000/- & Above Rs. 10,000/- & Above
IX) WEALTH TAX
(a) Per statement Rs. 15,000/- & Above Rs. 10,000/- & Above
(b) Statement & Filing Return Rs. 20,000/- & Above Rs. 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) Principal Rs. 30,000/- & Above(initial fees) + additional fees @ Rs. 7,500/- & Above per hour Rs. 20,000/- & Above(initial fees) + additional fees @ Rs. 5,000/- & Above per hour
(b) Qualified Assistant Rs. 5,300/- & Above per hour Rs. 3,500/- & Above per hour
(c) Semi Qualified Assistant Rs. 2,300/- & Above per hour Rs. 1,500/- & Above per hour
XI) NBFC/RBI MATTERS
(a) NBFC Registration with RBI See Note 1 See Note 1
(b) Other Returns Rs. 15,000/- & Above Rs. 10,000/- & Above
XII) SERVICE TAX
(a) Registration Rs. 15,000/- & Above Rs. 10,000/- & 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 Rs. 15,000/- & Above + (Rs.3,000/- Per Month) Rs. 10,000/- & Above + (Rs.2 ,000/- Per Month)
(e) Quarterly Challan with Half Yearly Return Rs. 15,000/- & Above + (Rs. 4,500/- Per Quarter) Rs. 10,000/- & Above + (Rs.3 ,000/- Per Quarter)
(f) Adjudication Rs. 45,000/- & Above Rs. 30,000/- & Above
(g) Appeal & show cause notice drafting/ reply Rs. 30,000/- & Above Rs. 20,000/- & Above
XIII) FEMA MATTERS
1 Filing Declaration with RBI in relation to transaction by NRIs/OCBs Rs. 30,000/- & Above Rs. 20,000/- & Above
2 Obtaining Prior Permissions from RBI for Transaction with NRIs/OCBs Rs. 45,000/- & Above Rs. 30,000/- & 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

* 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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