Revised fee scales

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))   (8311 Points)

20 July 2010  

 

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).