Committee for Capacity Building Members in Practice (CCBMP), ICAI initiative for prescribing the Revised Minimum Recommended Scale of Fees for the Professional Assignments done by the Chartered Accountants

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (ICAI)
COMMITTEE FOR CAPACITY BUILDING OF MEMBERS IN PRACTICE (CCBMP), ICAI

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 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 Rates
For Class A Cities For Class B Cities
Revised Minimum Recommended scale of Fees Revised Minimum Recommended scale of Fees
I) ADVISING ON DRAFTING OF DEEDS/AGREEMENTS
(a) i) Partnership Deed Rs 15,000/- & Above Rs 10,000/- & Above
ii) Partnership Deed (With consultation & Tax Advisory) Rs 20,000/- & Above Rs 15,000/-& Above
(b) Filing of Forms with Registrar of Firms Rs 7,000/- & Above Per Form Rs 5,000/- & Above Per Form
(c) Supplementary / Modification in Partnership Deed Rs 12,000/- & Above Rs 9,000/- & Above
(d) Joint Development Agreements/ Joint Venture Agreements Rs 12000 & Above (See Note-1) Rs 9000 & Above (See Note-1)
(e) Others Deeds such as Power of Attorney, Will, Gift Deed etc. Rs 5000 & Above Rs 3000 & 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 8,000/- & Above Rs 6,000/- & Above
(b) Filing of Return of Income with detailed Capital Gain working
i) Less than 10 Transactions (For Shares & Securities) Rs 11,000/- & Above Rs 8,000/- & Above
ii) More than 10 Transactions (For Shares & Securities) Rs 17,000/- & Above Rs 12,000/- & Above
(c) Filing of Return of Income for Capital Gain on Immovable property Rs 32,000/- & Above Rs 22,000/- & Above
(d) Filing of Return of Income with Preparation of Bank Summary, Capital A/c & Balance Sheet. Rs 12,000/- & Above Rs 9,000/- & Above
II) (a) Partnership Firms/Sole Proprietor with Advisory Services Rs 15,000/- & Above Rs 11,000/- & Above
(b) Minor’s I.T. Statement Rs 8,000/- & Above Rs 8,000/- & Above
(c) Private Ltd. Company :
i) Active Rs 25,000/- & Above Rs 17,000/- & Above
ii) Defunct Rs 12,000/- & Above Rs 9,000/- & Above
(d) Public Ltd. Company
i) Active Rs 65,000/- & Above Rs 45,000/- & Above
ii) Defunct Rs 25,000/- & Above Rs 17,000/- & 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 4,000/- & Above Rs 3,000/- & Above
ii) With more than 5 Entries Rs 9,000/- & Above Rs 7,000/- & Above
(b) Filing of Form No. 15-H/G ( per Set) Rs 4,000/- & Above Rs 3,000/- & Above
(c) Form No. 49-A/49-B Rs 4,000/- & Above Rs 3,000/- & Above
(d) Any other Forms filed under the Income Tax Act Rs 4,000/- & Above Rs 3,000/- & Above
C. Certificate
Obtaining Certificate from Income Tax Department Rs 14,000/- & Above Rs 10,000/- & Above
D. Filing of Appeals Etc.
(a) First Appeal Preparation of Statement of Facts, Grounds of Appeal, Etc. Rs 32,000/- & Above Rs 22,000/- & Above
(b) Second Appeal (Tribunal) Rs 65,000/- & Above Rs 45,000/- & Above
E. Assessments Etc.
(a) Attending Scrutiny Assessment/Appeal
(i) Corporate See Note 1 See Note 1
(ii) Non Corporate Rs 32,000/- & Above Rs 22,000/- & Above
(b) Attending before Authorities Rs 10,000/- & Above Per Visit Rs 7,000/- & Above Per Visit
(c) Attending for Rectifications / Refunds / Appeal effects Etc. Rs 7,000/- & Above Per Visit Rs 5,000/- & Above Per Visit
(d) Income Tax Survey Rs 80,000/- & Above Rs 55,000/- & Above
(e) T.D.S. Survey Rs 50,000/- & Above Rs 35,000/- & 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 25,000/- & Above Rs 17,000/- & Above
(ii) Societies Registration Act Rs 32,000/- & Above Rs 22,000/- & Above
(b) Registration Under Income Tax Act Rs 25,000/- & Above Rs 18,000/- & Above
(c) Exemption Certificate U/s 80G of Income Tax Act Rs 20,000/- & Above Rs 14,000/- & Above
(d) Filing Objection Memo/other Replies Rs 10,000/- & Above Rs 7,000/- & Above
(e) Filing of Change Report Rs 10,000/- & Above Rs 7,000/- & Above
(f) Filing of Annual Budget Rs 10,000/- & Above Rs 7,000/- & Above
(g) Attending before Charity Commissioner including for Attending Objections Rs 8,000/- & Above
per visit
Rs 6,000/- & Above
per visit
(h) (i) F.C.R.A. Registration Rs 35,000/- & Above Rs 25,000/- & Above
(ii) F.C.R.A. Certification Rs 8,000/- & Above Rs 6,000/- & Above
IV) COMPANY LAW AND LLP WORK
V) (a) Filing Application for Name Approval Rs 8,000/-& Above Rs 6,000/- & Above
(b) Incorporation of a Private Limited Company/LLP Rs 35,000/- & Above Rs 25,000/- & Above
(c) Incorporation of a Public Limited Company Rs 65,000/- & Above Rs 45,000/- & Above
(d) Advisory or consultation in drafting MOA, AOA Rs 15,000/- & Above Rs 12,000/- & Above
(e) (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 15,000/- & Above Rs 10,000/- & Above
(f) Filing Annual Return Etc. Rs 10,000/- & Above per Form Rs 8,000/- & Above per Form
(g) Filing Other Forms Like : F-32, 18, 2 etc. Rs 5,000/- & Above per Form Rs 4,000/- & Above per Form
(h) Increase in Authorised Capital Filing of F-5, F-23, preparation of Revised Memorandum of Association/Article of Association/LLP Agreement Rs 25,000/- & Above Rs 20,000/- & Above
(i) DPIN/DIN per Application Rs 4,000/- & Above Rs 3,000/- & Above
(j) Company Law Consultancy including Petition drafting See Note 1 See Note 1
(k) Company Law representation including LLP before RD and NCLT See Note 1 See Note 1
(l) ROC Representation See Note 1 See Note 1
V) 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 18,000/- & Above per day Rs 12,000/- & Above per day
(ii) Qualified Assistants Rs 10,000/- & Above per day Rs 8,000/- & Above per day
(iii) Semi Qualified Assistants Rs 5,000/- & Above per day Rs 4,000/- & Above per day
(iv) Other Assistants Rs 3,000/- & Above per day Rs 2,000/- & Above per day
Subject to minimum indicative Fees as under:
(i) Tax Audit Rs 40,000/- & Above Rs 30,000/- & Above
(ii) Company Audit
(a) Small Pvt. Ltd. Co. (Turnover up to Rs. 2 Crore) Rs 50,000/- & Above Rs 35,000/- & Above
(b) Medium Size Pvt. Ltd. Co./ Public Ltd. Co. Rs 80,000/- & Above Rs 55,000/- & Above
(c) Large Size Pvt. Ltd. Co./ Public Ltd. Co. See Note 1 See Note 1
(iv) Review of TDS Compliance Rs 25,000/- & Above Rs 20,000/- & Above
(v) Transfer Pricing Audit See Note 1 See Note 1
VI) 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 35,000/- & Above +
per day charge
Rs 25,000/- & Above +
per day charge
(b) Qualified Assistant Rs 18,000/- & Above +
per day charge
Rs 12,000/- & Above +
per day charge
(c) Semi Qualified Assistant Rs 10,000/- & Above +
per day charge
Rs 7,000/- & Above +
per day charge
VII) 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 10,000/- & Above Rs 7,000/- & Above
(c) Other Attestation (True Copy) Rs 3,000/- & Above per form Rs 2,000/- & Above per Form
(d) Net worth Certificate for person going abroad Rs 18,000/- & Above Rs 12,000/- & Above
VIII) RERA
(a) Audit of Accounts Rs 10,000/- & Above Rs 7,000/- & Above
(b) Appearance Before Appellate Tribunal or Regulatory Authority or Adjudicating Authority Rs 50,000/- & Above Rs 40,000/- & Above
(c) Advisory & Consultation See Note 1 See Note 1
(d) Certification for withdrawal of amount See Note 1 See Note 1
IX) CONSULTATION & ARBITRATION
Rate per hour would depend on the complexity of the work and the number of hours spends by each person.
(a) Principal Rs 35,000/- & Above(initial fees)
+ additional fees @ Rs 8,000/- &
Above per hour
Rs 25,000/- & Above(initial fees)
+ additional fees @ Rs 6,000/- &
Above per hour
(b) Qualified Assistant Rs 6,000/- & Above per hour Rs 4,000/- & Above per hour
(c) Semi Qualified Assistant Rs 3,000/- & Above per hour Rs 2,000/- & Above per hour
X) NBFC/RBI MATTERS
(a) NBFC Registration with RBI See Note 1 See Note 1
(b) Other Returns Rs 18,000/- & Above Rs 12,000/- & Above
XI) GST
(a) Registration Rs 20,000/- & Above Rs 15,000/- & 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) Challan/Returns Rs 15,000/- & Above + (Rs 4,000/- Per Month) Rs 10,000/- & Above + (Rs 3,000/- Per Month)
(e) Adjudication/Show Cause notice reply Rs 30,000/- & Above Rs 20,000/- & Above
(f) Filing of Appeal / Appeals Drafting Rs 30,000/- & Above Rs 20,000/- & Above
(g) Furnish details of inward/outward supply See Note 1 See Note 1
(h) Misc services i.e., refund, cancellation/revocation registration, maintain electronic cash ledger etc. See Note 1 See Note 1
(i) Audit of accounts and reconciliation Statement Rs 40,000/- & Above Rs 20,000/- & Above
(j) Any Certification Work Rs 10,000/- & Above Rs 5,000/- & Above
XII) FEMA MATTERS
1 Filing Declaration with RBI in relation to transaction by NRIs/ OCBs Rs 35,000/- & Above Rs 25,000/- & Above
2 Obtaining Prior Permissions from RBI for Transaction with NRIs/ OCBs Rs 50,000/- & Above Rs 35,000/- & 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
XIII) 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 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 recom-mended 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.

Click here for the further Revised Minimum Recommended Scale of Fees for the professional assignments done by CAs

(Republished with Amendments)

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