01 April 2012
Chapter XII of CA Act regarding Minimum Audit fees is repealed from 07/06/2011. Does this mean that the minimum Fees chapter would be applicable to Assignments before 07/06/2011 and not there after?
(Please google Amendments in Council Guidelines 2008 for notification as i am unable to open the pasted link here)
Or it would not apply to assignments even before 07/06/2011 ?
10 April 2012
Still you can apply the minimum fee prescribed by ICAI but now it is not mandatory to follow the minimum fee structure as suggested by ICAI