Sir, wrt exemption of fund raising services cl 10 part 1 sch 1, whether CA can demand % based on loan sanctioned ?

Questions › Sir, wrt exemption of fund raising services cl 10 part 1 sch 1, whether CA can demand % based on loan sanctioned ?

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Abhishek Panegal asked 4 years ago

2 Answers

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Ravi Staff answered 4 years ago

no he cannot

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Ravi Staff answered 4 years ago

icai said regulation uses word “certain fund raising services”
certain fund raising service is not yet defined
so they cannot charge % on fund raising services
we have given note in param question bank