Late Fees For Form 108 Icai

• Category: Letters - Legal - Notices
• State: Multi-State
• Control #: US-0252LTR
• Format: Word; Rich Text

Description form 108 late fees

Sample Letter for Notification of Late Payment

Late fees for form 108 CAI refers to the penalty charges imposed by the Institute of Chartered Accountants of India (CAI) for the delayed submission of the mentioned form. Form 108 is the application form for the Conversion of Membership from another recognized accounting body to CAI membership. Late fees are applicable when individuals fail to submit Form 108 within the specified deadline, which may vary depending on the circumstances. The CAI has different types of late fees for Form 108 based on the duration of delay. These late fees are as follows: 1. Late Fees for Delay up to 30 days: If the form is submitted within 30 days after the due date, a late fee of Rs. 500 (or any other applicable amount) is charged. 2. Late Fees for Delay between 31 and 180 days: If the form is submitted between 31 and 180 days after the due date, a late fee of Rs. 1000 (or any other applicable amount) is charged. 3. Late Fees for Delay beyond 180 days: If the form is submitted beyond 180 days after the due date, a late fee of Rs. 3000 (or any other applicable amount) is charged. It is important to note that these late fees may be subject to change as per the regulations and updates issued by the CAI. Individuals are advised to refer to the official CAI website or relevant notifications for the latest and accurate information regarding late fees for Form 108. Timely submission of Form 108 is recommended to avoid incurring these late fees and to ensure a smooth transition of membership to CAI.