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 .
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
