Audit fees
This query is : Resolved
17 December 2008
Dear Friends,
for the tax audit any fees are prescribed or tariff is there, this much we have to pay. Is is based on the turnover, or complexity of the audit.
one small MNC with the turnover of 200 to 300 lakhs per year could make a provision for audit fees in their budget is 20 to 30 K is that sufficient or it depends on chartered accountants.
Because I want to make a provision for Audit fees for the year 2009-10 budjet.Any other professional fees should be payable to the C.A. other than this Provision.
for the tax audit any fees are prescribed or tariff is there, this much we have to pay. Is is based on the turnover, or complexity of the audit.
one small MNC with the turnover of 200 to 300 lakhs per year could make a provision for audit fees in their budget is 20 to 30 K is that sufficient or it depends on chartered accountants.
Because I want to make a provision for Audit fees for the year 2009-10 budjet.Any other professional fees should be payable to the C.A. other than this Provision.
17 December 2008
it is totally based upon the agreement b/w C.A and client.
17 December 2008
Thanks sir, but the Auditor asked for 1 lakh Rupees for the turnover of 300 lakhs turnover is correct or not. what would be the normal / reasonable charges.please tell me.
17 December 2008
there is no standard fees .
some C.As charges 4 to 5% of turnover .
some C.As charges 4 to 5% of turnover .
17 December 2008
It will be decided by the CAs and client with mutual agreement. There is no such standard fees or fees based on turnover.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
