Differential Stamp duty charges being paid by CA’s and Advocates on letter of authority for representing the client
For representing the client, an advocate is being charged a fee of Rs.5/- per Letter of Authority while a Chartered Accountant has to pay Rs.100/- per Letter of Authority. In Maharashtra, in respect of representing the client by Chartered Accountants, the Court
fees is governed by the provisions of Bombay Stamp Act, according to which the Letter of Authority must be accompanied by a Court fee of Rs.100/- or a stamp paper valued Rs.100/-
In order to bring uniformity in Court fees for both Chartered Accountants & Advocates for their representing the client before Income-tax Authorities, section 288 which provides “appearance by authorized representative” should be amended to provide for the fees to be charged for authorisation.
Source- Pre-budget Memorandum 2014 on direct taxes by ICAI
CA Dinesh Vaidya
Stamp Valuation Officer, Gujarat has, in response to a query raised by a practicing CA, Amdavad, expressed his opinion that an authorised CA is required to pay the same Fee as payable by an advocate. A copy of opinion can be downloaded from the link below :-