Table of Contents
What is the minimum fee for CA?
Obtaining Certificate from Income Tax Department: For class ‘A’ Cities: ₹14,000. For class ‘B’ Cities: ₹10,000. For class ‘C’ Cities: ₹7,000.
How much is the audit fee?
In a 2018 survey by the Financial Education & Research Foundation, 83 public companies reported average audit fees of $9.8 million and a median fee of $3.7 million—an increase of 4.1% from 2017. Audit fees for private companies averaged about $139,000, which is an increase of 5.6% over 2017.
Can audit fees be reduced?
Hence from 1st April 2000, the provisions of the said clause were made applicable to all kinds of audits. However, this clause prohibited the acceptance of audit “in such condition as to constitute undercutting.” There is no absolute bar on charging lower fees.
How much does CA charge for net worth certificate?
From ₹5,500. ✅ Price includes Net-worth upto 2.5 cr-3cr.
Can we file GST return without CA?
Businesses can now self-certify GST returns, instead of mandatory CA audit. Under the Goods and Services Tax (GST), filing of annual return — GSTR-9/9A — for 2020-21 is mandatory for all registered businesses, barring those with an aggregate annual turnover of up to Rs 2 crore.
Is auditing expensive?
Cost. The cost of an independent audit varies depending on the geographic region where the nonprofit is located and how large the organization is. Audit fees can exceed $20,000 for large nonprofits located in major urban areas. It is not unusual for an independent audit to cost $10,000, even for a small nonprofit.
Can a CA issue networth certificate?
YES. A chartered accountant is the authorized certifier of a networth certificate.
How much does a CA charge for auditing?
Revised Minimum Recommended Scale of Fees for CA in Practice
| PARTICULARS | Rates |
|---|---|
| For Class A Cities | |
| (i) Tax Audit | Rs 40,000/- & Above |
| (ii) Company Audit | |
| (a) Small Pvt. Ltd. Co. (Turnover up to Rs. 2 Crore) | Rs 50,000/- & Above |
Is there a minimum scale of fees for ICAI?
The above recommended minimum scale of fees is as recommended by the Committee for Capacity Building of Members in Practice (CCBMP) of ICAI. The aforesaid table states recommendatory minimum scale of fees works out by taking into account average time required to complete such assignments.
Which is ICAI Committee for capacity building members in practice?
Committee for Capacity Building Members in Practice (CCBMP), ICAI initiative for prescribing the Revised Minimum Recommended Scale of Fees for the Professional Assignments done by the Chartered Accountants
Are there minimum recommended fees for Chartered Accountants?
Fees – Recommended by ICAI REVISED MINIMUM RECOMMENDED SCALE OF FEES FOR THE PROFESSIONAL ASSIGNMENTS DONE BY THE CHARTERED ACCOUNTANTS
How does recommended scale of fees work out?
The aforesaid table states recommendatory minimum scale of fees works out by taking into account average time required to complete such assignments. However, members are free to charge varying rates depending upon the nature and complexity of assignment and time involved in completing the same.