01 November 2010

ICAI Recommended Scale of Fees for various kind of assignment

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)

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