The Committee for Capacity Building of CA Firms and Small & Medium Practitioners, ICAI (CCBCAF & SMP) has taken a major initiative for prescribing the Minimum Recommended Scale of Fees for the professional assignments done by our members of ICAI. The recommendation is about the fee to be charged as per the work performed for various professional assignments and the amount quoted under respective heads of professional work. The fee has been recommended separately for metro and non-metro Cities. The prescribed Minimum Recommended Scale Fees will enhance the productivity and Capacity Building of Practitioners & CA Firms and will largely benefit the SMP segment.
Minimum Fees to be charged by Chartered Accountants – Recommended
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I dont think this is a good move to fix minimum fees. Floor and Ceiling prices are usually kept in the case of farmers and not in the case of professionals. This will dampen the healthy competition which was developing amongst the CA Fraternity which I believe to some extent is good as healthy competition always improves quality