Audit fees
This query is : Resolved
17 December 2008
Dear Friends,
for the tax audit any fees are prescribed or tariff is there, this much we have to pay. Is is based on the turnover, or complexity of the audit.
one small MNC with the turnover of 200 to 300 lakhs per year could make a provision for audit fees in their budget is 20 to 30 K is that sufficient or it depends on chartered accountants.
Because I want to make a provision for Audit fees for the year 2009-10 budjet.Any other professional fees should be payable to the C.A. other than this Provision.
for the tax audit any fees are prescribed or tariff is there, this much we have to pay. Is is based on the turnover, or complexity of the audit.
one small MNC with the turnover of 200 to 300 lakhs per year could make a provision for audit fees in their budget is 20 to 30 K is that sufficient or it depends on chartered accountants.
Because I want to make a provision for Audit fees for the year 2009-10 budjet.Any other professional fees should be payable to the C.A. other than this Provision.
17 December 2008
it is totally based upon the agreement b/w C.A and client.
17 December 2008
Thanks sir, but the Auditor asked for 1 lakh Rupees for the turnover of 300 lakhs turnover is correct or not. what would be the normal / reasonable charges.please tell me.
17 December 2008
there is no standard fees .
some C.As charges 4 to 5% of turnover .
some C.As charges 4 to 5% of turnover .
CA Tilak Raj Sharma
(Expert)
17 December 2008
It will be decided by the CAs and client with mutual agreement. There is no such standard fees or fees based on turnover.
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