Diff bet professional fees and retainership fees

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Querist : Anonymous

Querist : Anonymous (Querist)

23 June 2012 what is the difference between professional fees and retainership fees?
how does income tax anf audit area sees it ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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23 June 2012 PROFESSIONAL FEE is that fee charged for services from university trained professionals; primarily doctors, lawyers and accountants. The term is often expanded to include other university trained professions, e.g. pharmacists charging to maintain a medicinal profile of a client or customer.

Retainership fee:

https://www.caclubindia.com/experts/retainership-fees-249940.asp#.T-WlPVI-1tg

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