can a CA charge lesser fee for his work?
This query is : Resolved
Morning star
(Querist)
08 June 2010
can a CA charge lesser fees for his work inorder to get work as compared to another CA/consultant?
Whether the provisions of CA act are applicable in this case?
Whether such restrictions are applicable only to audit work or to income tax, financial consulting work also
Whether the provisions of CA act are applicable in this case?
Whether such restrictions are applicable only to audit work or to income tax, financial consulting work also
CA. B.SRINIVASULU
(Expert)
08 June 2010
The incoming auditor can accept a work for lesser fee compared to earlier auditor. But you have to communicate to him and get no objection for taking up the audit.
Morning star
(Querist)
08 June 2010
Is the provisin applicable even to consultancy work relating to income tax, project reports etc. which are performed not in the capacity of an auditor?
Taranjit Singh
(Expert)
08 June 2010
Clause (12) of Part I of First Schedule pertained to undercutting of fees. Quite intriguingly, this has been omitted. Basic intention was to remove rigidity in this regard, since situations do change.
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