ICAI recommended minimum scale of fees for the professional assignments done by the chartered accountants – 2014

by

The Committee for Capacity Building
of CA Firms and Small & Medium Practitioners of ICAI as a part of its
commitment to strengthen the Small & Medium Practitioners has initiated the
Revised Minimum Recommended Scale of Fees for the professional assignments done
by members of ICAI. The recommendation is about the fee to be charged as per
the work performed for various professional assignments. The fee has been
recommended separately for Class A & Class B cities.

 

PARTICULARS

Revised Minimum Recommended scale of Fees

For Class A Cities (Rs.)

For Class B Cities (Rs.)

I) ADVISING ON DRAFTING OF DEEDS/

AGREEMENTS

(a) i) Partnership Deed

 

10,500/-
&Above

 

7,000/-&Above

     ii)
Partnership Deed (With consultation

     & Tax
Advisory)

 15,000/- &Above 

10,000/-&Above

 

(b) Filing of Forms with Registrar of Firms

 

4,500/-
& Above Per Form

3,000/- & Above

Per Form

 (c) Supplementary
/ Modification in Partnership   Deed

  9,000/-
& Above                 

 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

 

                      

 6,000/- & Above

 

 

    

4,000/- &
Above

 

(b) Filing of Return of Income with detailed Capital Gain
working

i) Less than 10 Transactions (For Shares &
Securities)

 

9,000/-
& Above

 

 

6,000/- & Above

 

ii) More than 10 Transactions (For Shares &
Securities)

15,000/- & Above

10,000/- & Above

(c) Filing of Return of Income for Capital Gain on
Immovable property

30,000/-
& Above

20,000/- & Above

 

(d) Filing of Return of Income with Preparation of Bank
Summary, Capital A/c & Balance Sheet.

10,500/-
& Above

 

7,000/- & Above

 

 

II) (a) Partnership Firms/Sole Proprietor with Advisory
Services

 

 

12,000/-
& Above

8,000/- & Above 

 

      (b)
Minor’s I.T. Statement

6,000/-
& Above

4,000/-
& Above

       (c) Private
Ltd. Company :

           i) Active

                     

22,500/-
& Above

                                

15,000/-
& Above

         ii)Defunct

10,500/-
& Above

7,000/-
& Above

      (d) Public
Ltd. Company

          i)
Active

                 

60,000/- & Above

                    

40,000/- & Above

        ii)Defunct

22,500/-
& Above

15,000/-
& Above

 

PARTICULARS

Revised
Minimum Recommended scale of fees

 

For
Class A Cities              (Rs.)

For
Class B Cities

 (Rs.)

B. Filing of Forms Etc.

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

i) With 5 or less Entries

(Quarterly Fees)

                                               

3,000/- & Above

 (Quarterly
Fees)

                                          

2,000/- & Above

ii)With more than 5 Entries

7,500/-
& Above                                        

5,000/-
& Above                                         

(b)
Filing of Form No. 15-H/G         ( per
Set)

3,000/-
& Above

2,000/-
& Above

(c)
Form No. 49-A/49-B

3,000/-
& Above

2,000/-
& Above

(d) Any other Forms filed under      the Income Tax Act

3,000/-
& Above

2,000/-
& Above

C. Certificate

Obtaining Certificate from Income Tax Department

                                            

12,000/- & Above

                                         

8,000/- & Above

D. Filing of Appeals Etc.

(a) First Appeal

 Preparation of
Statement of       Facts, Grounds of
Appeal, Etc.

                                            

30,000/- & Above

                                         

20,000/- & Above

(b)
Second Appeal (Tribunal)

60,000/-
& Above

40,000/-
& Above

E. Assessments Etc.

(a) Attending Scrutiny Assessment/ Appeal

   (i) Corporate

 

                                             
      See Note 1

 

                                                        
See Note 1

  (ii) Non Corporate

30,000/-
& Above

20,000/-
& Above

(b) Attending before Authorities

9,000/- & Above Per Visit

6,000/- & Above Per Visit

(c) Attending for Rectifications/

Refunds/Appeal effects Etc.

6,000/- & Above Per Visit

 

4,000/- & Above Per Visit

(d)
Income Tax Survey

75,000/- & Above

50,000/- & Above

(e)
T.D.S. Survey

45,000/- & Above

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

                                              
22,500/- & Above

                                             
15,000/- & Above

     (ii) Societies Registration Act

30,000/-
& Above

20,000/-
& Above

(b)Registration
Under Income Tax Act

22,500/-
& Above

15,000/-
& Above

(c) Exemption Certificate U/s 80G of Income Tax Act

18,000/-
& Above

12,000/-
& Above

(d)Filing
Objection Memo/other Replies

9,000/-
& Above

6,000/-
& Above

(e)
Filing of Change Report

9,000/-
& Above

6,000/-
& Above

(f)
Filing of Annual Budget

9,000/-
& Above

6,000/-
& Above

(g) Attending before Charity Commissioner including for
Attending Objections

7,500/- & Above per visit

 

5,000/- & Above per visit

(h)
(i) F.C.R.A. Registration

30,000/-
& Above

20,000/- & Above

     (ii) F.C.R.A. Certification

7,500/-
& Above

5,000/- & Above

IV) COMPANY LAW AND LLP WORK

(a) Filing Application for Name Approval

 

6,000/-
& Above

 

                                                 
4,000/- & Above

                                            

(b) Incorporation of a Private Limited Company/LLP

30,000/-
& Above

20,000/- & Above

(c) Incorporation of a Public Limited Company

60,000/-
& Above

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)

9,000/-
& Above

6,000/- & Above

(e) Filing Annual Return Etc.

9,000/- & Above per Form

6,000/- & Above per Form

(f) Filing Other Forms Like :      F-32, 18, 2 etc.

3,000/- & Above per Form

 

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

              

22,500/-
& Above

 

15,000/- & Above

(h)
DPIN/DIN per Application

3,000/-
& Above

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                   

15,000/- & Above

 

 

  

See Note 1                                                                                      

      

(b) Professional Tax Registration (PTR)

 6,000/- & Above

4,000/- & Above

( c) Professional Tax Enrollment (per Application)

 

3,000/-
& Above

2,000/- & Above

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

(a) Monthly Challans with Annual Return

 

                                           3,000 + (Per Month)

                                            
2,000/- + (Per Month)

(b) Quarterly Challans with Annual Return

4,500
+ (Per Quarter)

3,000/- + (Per Quarter)

(c) Six Monthly Challans with Annual Return

6,000
+ (Per 6 Months)

4,000/- + (Per 6 Months)

(d) Yearly Composition Return

9,000/-
& Above

6,000/- & Above

 

C. Assessments/Appeals

(a)AttendingV.A.T./Commercial Tax Assessments

                                       
15,000/- + 7,500/-(Per Visit)

 

                                          10,000/- + 5,000/- (Per Visit)

(b) Attending V.A.T./Commercial Tax Appeals

15,000/- + 9,000/- (Per Visit)

 

10,000/- + 6,000/- (Per Visit)

 

D. Filing of Appeal/Appeals Drafting

(a) First Appeal (AC/DC)

 

15,000/-
& Above

 

 

10,000/- & Above

(b)
Second Appeal

22,500/-
& Above

15,000/- & Above

E. Miscellaneous Work

(a) Professional Tax Returns &

Assessment

                                           
7,500/- & Above

                                         
5,000/- & Above

(b) Obtaining C/F/H Forms under

V.A.T./Commercial Tax

(Per
Application)

(Per Application)

   (i) First Time

6,000/-
& Above

4,000/- & Above

   (ii) Renewal

3,000/-
& Above

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

 

 

 

                                             

                                                

 
15000/- & above per day

10,000/- & Above per day

(ii) Qualified Assistants

7,500/- & Above per day

5,000/- & Above per day

(iii) Semi Qualified Assistants

3,000/- & Above per day

2,000/- & Above per day

(iv) Other Assistants

1,500/- & Above per day

1,000/- & Above per day

Subject to minimum indicative Fees as under:

 (i) Tax Audit

 

37,500/-
& Above

 

 

25,000/- & Above

 (ii) Company Audit

      (a) Small
Pvt. Ltd. Co.      (Turnover up to Rs. 2 Crore)

 

                                                      
45,000/- & Above

 

                                               
30,000/- & Above

      (b) Medium
Size Pvt. Ltd.     Co. / Public Ltd.
Co.

 

75,000/-
& Above

50,000/- & Above

      (c) Large
Size Pvt. Ltd. Co.   /Public Ltd. Co.

 

See
Note 1

See Note 1

  (iii) V.A.T.
Audit

22,500/-
& Above

15,000/- & Above

  (iv) Review of
TDS Compliance

22,500/-
& Above

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

 

                    

 

 

 

30,000/- & Above + per day charge

 

                                

 

20,000/- & Above +per day charge

(b) Qualified Assistant

15,000/- & Above + per day charge

 

10,000/- & Above +

per day charge

(c) Semi Qualified Assistant

 

7,500/- & Above + per day charge

5,000/- & Above + per day charge

VIII) CERTIFICATION 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.

                             

7,500/- &
Above

                            

5,000/- &
Above

(c) Other Attestation (True Copy)

1,500/-
per form

1,000/-
per Form

(d) Net worth Certificate for person going abroad

15,000/-
& Above

10,000/-
& Above

IX) WEALTH TAX

(a) Per statement

                         

15,000/- & Above

                      

10,000/- & Above

(b)
Statement & Filing Return

20,000/-
& Above

15,000/-
& 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

 

 

30,000/- & Above (initial fees) + additional fees @
7,500/- & Above per hour

 

20,000/- & Above (initial fees) + additional fees @5,000/- & Above per hour

(b) Qualified Assistant

 

5,300/-
& Above per hour

3,500/- & Above per hour

(c) Semi-Qualified Assistant

 

2,300/-
& Above per hour

1,500/- & Above per hour 

XI) NBFC/RBI MATTERS

(a) NBFC Registration with RBI

                                         See
Note 1

                                          See
Note 1

(b)
Other Returns

15,000/-
& Above

10,000/-
& Above

XII) SERVICE TAX

(a) Registration

                                  15,000/- & Above

                     

 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

 

15,000/- & Above +

(3,000/- Per Month)

10,000/- & Above +

(2 ,000/- Per Month)

(e) Quarterly Challan with Half Yearly Return

 

15,000/- & Above +

(4,500/- Per Quarter)

10,000/- & Above +

(3 ,000/- Per Quarter)

(f)
Adjudication

45,000/-
& Above

30,000/- & Above

(g) Appeal & show cause notice drafting/ reply

30,000/-
& Above

20,000/- & Above

XIII) FEMA MATTERS

1 Filing Declaration with RBI in relation to transaction
by NRIs/OCBs

                                  30,000/-
& Above

                                20,000/-
& Above

2 Obtaining Prior Permissions from RBI for Transaction
with NRIs/OCBs

45,000/-
& Above

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

Notes:

 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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