ICAI RECOMMENDED MINIMUM SCALE OF FEES

RECOMMENDED MINIMUM SCALE OF FEES FOR VARIOUS KIND OF ASSIGNMENTS     I) DEEDS/ AGREEMENTS Rate     (a) i) Partnership Deed   Rs.6,000/- & Above            ii) Partnership Deed          (With consultation & Tax Planning) Rs.10,000/- & Above     (b) Filing of Form with ROF Rs. 2,500/- Per Form               (c) Supplementary Partnership Deed Rs. 2,500/- & Above     (d) Modification in the Deed   Rs. 2,500/- & Above     (e) Leave & Licence Agreement          i) Drafting Rs. 5,000/- & Above      ii) Registration& Modification Rs. 2,500/- & Above (f) Gift Deed:       i) for Movable Properties Rs. 5,000/- & Above     ii) for Immovable Properties Rs. 15,000/- & Above     (g) Trust Declaration Deed   Rs. 10,000/- & Above     (h) Drafting of Will: English      i) Simple Rs. 10,000/- & Above      ii) With Trust Planning Rs. 15,000/- & Above     (i) Agreement to Sell         i) Agreement to Sell, Society formalities & related Documents Rs. 20,000/- & Above     ii) Only Agreement to Sell Rs. 10,000/- & Above     (j) Documentation        i) Power of Attorney: Specific Rs.7,500/- & Above      ii) Power of Attorney: General Rs.7,500/- & Above      iii) Indemnity Bond- Affidavit Rs.5,000/- & Above      iv) HUF- Partition Deed Rs.10,000/- & Above             II) INCOME TAX WORKS       A. Filing of Return of Income   I) For Individuals / HUFs etc.       (a) Filing of Return of Income          With Salary/Other Sources/Share of Profit. Rs. 3,000/- & Above     (b) Filing of Return of Income                With detailed Capital Gain working          i) Less than 10 Transactions Rs. 5,000/- & Above        ii) More than 10 Transactions Rs. 8,000/- & Above     (c) Filing of Return of Income          With Preparation of Bank Summary, Capital A/c and Balance Sheet  Rs. 5,000/- & Above     (d) Advance Tax Calculation Rs. 2,000/- Per installment         II) (a) Partnership Firms/Sole Proprietor        with verification of:        1) Method of Accounting }      2) Stock Valuation }    Rs.5,000/- Per Verification      3) G. P. Ratio }          4) Expense Ratios etc. }     (b) Small Proprietorship/ Partnership Rs. 5,000/- Per Verification     ( c) Minor's I. T. Statement Rs. 3,000/- & Above     (d) Private Ltd. Company:         i) Active Rs. 7,500/- & Above       ii) Defunct Rs. 5,000/- & Above     (e) Public Ltd. Company Rs. 20,000/- & Above     B. Filing of Forms etc.       (a) Filing of TDS/TCS Return (per Form) (Quarterly Fees)      i) With 5 or less Entries Rs.2,000/- & Above      ii) With more than 5 Entries Rs.3,000/- & Above     (b) Filing Form No. 15-H /G(per Set) Rs. 1,000/- & Above     ( c) PAN/TAN Application Rs. 1,500/- & Above     C. Certificate   (a) Other Certificates (Like Lower TDS Certificate, 115JB) Rs. 5,000/- & Above         D. Filing of Appeal etc.       (a) First Appeal.        Preparation of Statement of Facts, Grounds of Appeal, Etc. Rs. 10,000/- & Above     (b) Second Appeal (Tribunal) Rs. 15,000/- & Above     E. FBT Rs.3,000/- & Above per quarter including return     F. Defered Tax Calculation Rs. 5,000/- & Above         NOTE:   When Matters are referred to Counsel personal time will be billed seperately       G. Assessments etc.       (a) Attending Scrutiny Assessment/ Appeal Rs. 3,000/- Per Visit subject to minimum Rs.5,000/-      (b) Attending Summons Rs. 3,000/- Per Visit      ( c) Drafting and Attending for Rectifications/ Refunds/ Appeal effects Etc. Rs. 3,000/- Per Visit subject to minimum Rs.3,000/-     (d) I. T. Survey Rs. 50,000/-     (e) T.D.S. Survey Rs.20,000/-     (f) I.T. Search & Seizure Discretionary     III) CHARITABLE TRUSTS       (a) (i) Registration Under local Act Rs. 10,000/- & Above      (ii) Societies Registration Act Rs. 10,000/- & Above     (b) Registration Under Income Tax Act. Rs. 15,000/- & Above     (c) Exemption Certificate U/s. 80G of I. T. Act.  Rs. 15,000/- & Above     (d) Filing Objection Memo Rs. 2,000/- & Above     (e) Filing of Change Report Rs. 2,000/- & Above     (f) Filing of Various Forms Rs. 2,000/- Per Form     IV) COMPANY WORK       (a) Filing Application for Name Approval Rs. 5,000/- & Above     (b) Incorporation of a Private Limited Company Rs. 20,000/- & Above     ( c) Incorporation of a Public Limited Company Rs. 25,000/- & Above     (d)(i) Company's ROC Work, Preparation of Minutes,        Statutory Register & Other Secretarial Work Rs. 3,000 Per Quarter         (ii) Assisting in Other Certificate Rs. 3,000/- & Above     (e) Filing Annual Return Etc. Rs. 5,000/- & Above     (f) Filing Other Forms Like: F-32, 18, 2 Rs. 1,500/- & Above     (g) Increase in Authourised Capital         Filing F-5, F-23, including preparation of Slips        Pages for Memorandum of Association/ Article of Association. Rs. 5,000/- & Above             V) V.A.T./ PROFESSION TAX:       A. Registration Work       (a) Registration Under V.A.T. & C.S.T. Rs. 10,000/- & Above     ( b) Profession Tax Registration (PTR) Rs. 1,500/- & Above     (c) Profession Tax Enrolment (per application) Rs. 1,500/- & Above     B. Filing of Return (V.A.T.)   (a) Monthly Challans with Annual Return Rs. 1,500/- + (Per Month)     (b) Quarterly Challans with Annual Return Rs.1,500/- + (Per Quarter)     ( c) Six Monthly Challans with Annual Return Rs. 3,000 + (Per 6 Months)     C. Assessments/ Appeals.       (a) Attending Sales Tax Assessments Rs. 3,000/- (Per Visit)      (b) Attending Sales Tax Appeals  Rs. 5,000/- (per visit)     D. Filing of Appeals.       (a) First Appeal (AC/DC) Rs. 10,000/- & Above     (b) Second Appeal Rs. 15,000/- & Above     E. Miscellaneous Work.       (a) P.T. Returns & Assessment Rs. 3,000/- & Above     (b) Obtaining C/F/H Forms under S.T. (Per Application)      (i) First Time Rs. 4,000/- & Above     (ii) Renewal Rs. 2,000/- & Above         VI) AUDIT WORKS and OTHER ASSINGMENTS         will be on the basis of time devoted and will be Billed accordingly.       (On Time Basis)   (a) Statutory Audit, Tax Audit, Internal Audit, Accountancy   and Secretarial Work:         (i) Principal Rs.900/- to 1,800/- Per hour       (ii) Qualified Assistants Rs.450/- to 900/- Per hour        (iii) Semi Qualified/Other Assistants Rs.150/- to 300/- Per hour     (b) Taxation Work:          (I) Principal Rs.1,500/- to 3,000 per hour       (ii) Qualified Assistants Rs.750/- to 1,500/- per hour        (iii) Semi Qualified/Other Assistants Rs.300/- to Rs.600/- per hour     Subject to minimum indicative Fees as under:      (i) Tax Audit Rs. 10,000/- & Above    (iii) Company Audit            (a) Small/ Inactive Pvt. Ltd. Co. Rs. 5,000/- & Above          (b) Medium Size Pvt. Ltd. Co. Rs. 10,000/- & Above          ( c) Large Size Pvt. Ltd. Co./ Public Ltd. Co. Discretionary    (iv) V.A.T. Audit Rs. 10,000/- & Above    (v) Review Of TDS Compliance Rs. 3,000/- per quarter        (vi) FBT: Compilation & Tax Payment Calculation Rs. 3,000/- & Above Per Quarter  (viii) FBT Yearly Return Rs. 5,000/- & Above    (ix) Transfer Pricing Audit Rs. 50,000/- & Above     VII) INVESTIGATION, MANAGEMENT SERVICES OR SPECIAL ASSIGNMENTS       (a) Principal Rs. 2,250/- to 4,500/- per hour  (b) Qualified Assistant Rs.1,125/- to 2,250/- per hour ( c) Semi-Qualified/Other Assistants Rs.375/- to 750/- per hour     Giving expert evidence in courts of law in the Union of India according to professional standing of the witness  Rs. 7500 to Rs. 15000 for each day or part thereof, spent in attendance and/or travelling      VIII) CERTIFICATION WORK       (a) Routine Certificates : For LIC/ Passports/ Credit Cards/ Etc. Rs. 500/- & Above per certificate     IX) WEALTH TAX       (a) Per Statement Rs. 3,000/- & Above (b) Statement & Filing Return Rs. 3,000/- & Above     X) NBFC/ RBI MATTERS       (a) NBFC Registration with RBI Rs. 1,00,000/- & Above (b) Other Returns Rs. 10,000/- & Above     XI) SERVICE TAX       (a) Registration Rs. 5,000/- & Above ( b) Per Challan with Half Yearly Return Rs. 6,000/- & Above (c ) Income Tax Clearance Certificates Rs.5,000/- & Above. (d) Assessment Rs. 10,000/- & Above     XII) FEMA MATTERS       1. Filing Declaration with RBI in relation to transaction by NRIs/ OCBs  Rs. 15,000/- & Above     (Form DIN/IPI 7 Etc.)       2. Obtaining Prior Permissions from RBI for transaction with NRIs/ OCBs        (Form ISD/ ISD( R) Etc. Rs. 25,000/- & Above     3. Technical Collaboration:       Advising, obtaining RBI permission, drafting and preparing technical        collaboration agreement and incidental matters. Rs. 1,25,000/- & Above     4. Foreign Collaboration:       Advising, obtaining RBI permission, drafting and preparing technical        collaboration agreement and incidental matters(incl. Shareholders Agreement) Rs. 1,50,000/- & Above     5. Advising on Non Resident Taxation Matters       including Double Tax Avoidance Agreements       including FEMA Discretionary     6. Issuing Certificates for Deduction of Tax        in respect of payments to Non-Residents including necessary consultations. Rs. 5,000/- & Above       7. Obtaining IEC Code No. Rs. 10,000/-     8. Licences for export Rs. 10,000/- for each licence     9. Project Report/Feasibility Report Discretionary     10. Preparation of bank loan certificate, CMA Rs. 10,000/- ( which is in addition to the council decision on revision of recommended scale of fee chargable for the work done by the members of the Institute).  

gooooood wrk

thisis all ok srividya but no one follows whaticai tells and even icai doesnotfollow it but anyways good workmyabe you like icai.

gud work

Thanks for sharing it!!!! U always try to share soething new..Appreciate ur efforts..........Keep doing this!!!U rock!

Good initiative by ICAI ( ICSI also tried the same few years back and theoritically it is still there) but who is going to pay????????????? (specially more than 75% of  such assignments are handled by the advocates and at much lower fees). If really the Professional Institutes want to implement such things it can only be done by a single platform consisting of BCI, ICSI, ICAI and ICWAI but at the present scenario it seems to be impossible. Till then just keep thinking!!!!!!!!!!!!!!!!!!!!!!!!

good work keep it up

Can you tell the source of above data???

who is a qualified assistant and a semi qualified assistant according to ICAI?