6 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 14 December 2020
sabyasachi mukherjee
(27574 Points)
Replied 14 December 2020
NOW CONSULTANCY AND PROFESSIONAL SERVICES BOTH ARE WITHIN THE AMBIT OF TAXATION SERVICES.
Raj Malhotra
(47 Points)
Replied 14 December 2020
Can u please explain , as I am not CA and would like to know , if I give consulting to firm for rasing finance at lower rate of interest which suits the client . can I charge higher consultaion charges if agreeable to client ..
the CA of the firm objects ( kpmg) denies for the higher % of charges , they say there is law that I can't charge nor can the client pay me the higher % consultaion as fixed terms between me and my client .
My question is , is there any cap in % for consultation charges or finance broking ?
hope I am clear in my question .
awaiting reply .
sabyasachi mukherjee
(27574 Points)
Replied 14 December 2020
The limits are there.
But , whatever KPMG's has said it is not within the ambit of Chartered Accountants of India.
It is governed by seperate set of laws framed by competition commission of India a seperate autonomous body.
Raj Malhotra
(47 Points)
Replied 14 December 2020
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