Calculation of Audit Fees.xlsx

	A	B	C
1	Details of Audit Fees Admissible
2	(see rule 65 of KCS Rules)
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5	Sl No	Type of Coop Society	Audit Fees to be calculated
6	1	Credit Societies (Excepting Primary Coop Agricultural and RuralDevelopment Bank, Housing Societies and House Mortgage Banks)	on Working Capital
7	2	Primary Coop Agricultural and RuralDevelopment Bank, Housing Societies and House Mortgage Banks	On the aggregate of Loans issued and that recovered during the year under audit
8	3	Societies having Credit and Non Credit Activities	On Working Capital or Sale Proceeds of goods whichever is higher
9	4	Societies dealing in goods (Except Coir & consumer)	On Sale Proceeds
10	5	Coir Coop Societies	On proceeds of Coir sold as owners as well as on the commission realised on goods sold as agents
11	5A(i)	Primary Consumer Societies	On Sale Proceeds
12	5A(ii)	District Wholesale Coop Consumer Store, Central Consumer Coop Societies	On Working Capital or Sale Proceeds of goods whichever is higher
13	6	Transport Societies	On hire charges collected and sale proceeds of articles
14		(A) Agriculture Societies accepting deposits and issuing Loans and Advances	on Working Capital
15		(B) Social Welfare societies accepting deposits and issuing loans and advances	on Working Capital
16	7	Other Societies	on Gross Income
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19	Societies Exempted from paying Audit Fees fully or partially
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21	1	All Coop Societies with all or majority of members belonging to SC / ST Community.(Appex SC / ST Society need to pay only half of the rate of Audit Fees)	NIL
22	2	All Farming Societies which do not accept Deposit or grant Loans	NIL
23	3	All Social Welfare societies which do not accept deposit or grant loans	NIL
24	4	All Societies having Concurrent Auditors	NIL
25	5	First audit of any society	NIL
26	6	All Weavers Societies	NIL
27	7	Any Credit Society with working capital not exceeding Rs. 2,000/- and in case of other societies gross income from sales does not exceed RS. 10,000/-	NIL
28	8	All Coir Societies (A Central Coir Society need to pay Audit Fees at Half the rate)	Nil
29	9	All Primary Fisheries Societies	NIL
30	10	All Khadi Societies, Pottery Society,Bamboo Societies, Jaggery Society(ശ൪ക്കര ഉൽപ്പാദക), Chethu Thozhilali Societies, Lime Shell Societies	Nil
31	11	All Vanitha Societies and Dairy Societies	Half Rate
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33	RATES OF AUDIT FEES
34	SL No	Type of Society	Amount
35	1	Credit Societies Except PCARDBs,Housing Societies and House Mortgage Banks if Working capital is upto 10 Crores	50,000
36	2	Credit Societies Except PCARDBs,Housing Societies and House Mortgage Banks if Working capital Exceeds 10 Crores	1,00,000
37	3	PCARDBs, Housing Societies and House Mortgage Banks where the sum of Loans issued and recovered during the audit year is upto 10 Crores	50,000
38	4	PCARDBs, Housing Societies and House Mortgage Banks where the sum of Loans issued and recovered during the audit year Exceeds 10 Crores	1,00,000
39	5	Society with Credit and Non Credit activities (on the basis on Working Capital or Sales ) if upto 10 Crores	50,000
40	6	Society with Credit and Non Credit activities (on the basis on Working Capital or Sales ) if Exceeds 10 Crores	1,00,000
41	7	Societies handling goods except Coir and Consumer CS - Sale proceeds upto 10 crores	50,000
42	8	Societies handling goods except Coir and Consumer CS - Sale proceeds exceeds 10 crores	1,00,000
43	9	Primary Consumer CS	10,000
44	10	District Wholesale Consumer CS, Central Consumer CS	1,00,000
45	11	Transport CS	25,000
46	12	Farming CS which accepts Deposits and issue Loans and Advances only to members	50,000
47	13	Social Welfare CS which accepts Deposits and issue Loans and Advances only to members	50,000
48	14	Weavers CS	25,000
49	15	Hospital CS	25,000
50	16	Dairy CS	25,000
51	17	Vanitha CS which do not accept deposits or issue loans	10,000
52	18	Vanitha CS which accept deposits or issue loans only to members	50,000
53	19	Other CS	50,000
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58	Audit Fees @ .50 for every 100 rupees or part thereof.
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64	www.sahakary.org
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