Statutory & Tax Audit in Additional Ambernath MIDC
Last updated: 15 Oct 2026
Quick Answer: Virtual Auditor carries out statutory audits of companies, tax audits, LLP audits and internal audits for businesses in Additional Ambernath MIDC, from our Mumbai office at Goregaon West, with meetings there or by video. Reports are signed by a chartered accountant and filed online with the MCA and the Income Tax Department.
Additional Ambernath MIDC: the local picture for Audit Services
Additional Ambernath MIDC is the Additional Ambernath MIDC industrial area. Additional Ambernath MIDC lies in Thane district, Maharashtra. Its business mix is typical of an industrial and manufacturing area. Nearby areas we also serve include Ambernath, Ordnance Estate, Ambernath, Netaji Bazar and Ulhasnagar. We serve clients in Additional Ambernath MIDC from our Mumbai office at Goregaon West, with meetings there or by video. For factories here, most audit time goes into inventory: physical verification, costing of work in progress and agreeing the stock statements given to the bank with the books. Companies with a registered office in Additional Ambernath MIDC come under the Registrar of Companies, Mumbai-II, at Navi Mumbai — set up from 16 February 2026 for Thane, Palghar, Raigad and five other districts. Income-tax appeals from Additional Ambernath MIDC go to the Commissioner (Appeals) and then to the ITAT Mumbai Benches; writs lie to the Bombay High Court.
What is a statutory audit?
An audit is an independent chartered accountant's examination of your books and financial statements. Company audits are compulsory under the Companies Act, 2013; tax audits and LLP audits apply above set turnover or contribution limits.
Which audits does a business in Additional Ambernath MIDC need?
Every company, whatever its size, must have its financial statements audited (sections 139 and 143 of the Companies Act, 2013). Most companies also need a CARO 2020 report; small companies, one person companies and private companies within the CARO exemption limits do not.
A tax audit is required when business turnover exceeds ₹1 crore, or ₹10 crore where cash receipts and cash payments are each within 5% of the total, and when a profession's gross receipts exceed ₹50 lakh. Under the Income-tax Act, 2025 the requirement sits in section 63 (formerly section 44AB of the 1961 Act).
An LLP must be audited when its turnover exceeds ₹40 lakh or its partners' contribution exceeds ₹25 lakh in a financial year.
How is the auditor appointed and changed?
The board appoints a new company's first auditor within 30 days of incorporation (section 139(6)). After that the members appoint the auditor at the annual general meeting for a term of five years (section 139(1)), and the company files Form ADT-1 within 15 days. Resignations are reported in ADT-3.
Full details of a statutory audit, including the law, the process and our method: https://virtualauditor.in/statutory-audit-services-india
What you get from Virtual Auditor in Additional Ambernath MIDC
- Internal audit and stock audit
- Audit-trail and internal-control review
- Statutory audit report and CARO 2020 report
Documents to keep ready
- Loan, lease and major contract documents
- Board and shareholder minutes
- Trial balance, ledgers and bank statements for the year
Indicative Fee Structure
| Service | Fee |
|---|---|
| Statutory audit (private company) | From ₹25,000 |
| Consultation | Complimentary 30 minutes |
*Prices are indicative and exclude government fees and taxes. Actual fees depend on scope and complexity; contact us for a fixed quote.
Frequently Asked Questions
Does a small private company need a statutory audit?
Yes. Every company needs an audit under the Companies Act, 2013, however small. Small companies are exempt from CARO 2020 reporting, not from the audit.
How long does an audit take?
For a small company with clean books, usually two to three weeks from the date we receive the trial balance and supporting records. Groups, stock-heavy businesses and first-year audits take longer.
Which offices deal with a statutory audit for a business in Additional Ambernath MIDC?
Companies with a registered office in Additional Ambernath MIDC come under the Registrar of Companies, Mumbai-II, at Navi Mumbai — set up from 16 February 2026 for Thane, Palghar, Raigad and five other districts. Income-tax appeals from Additional Ambernath MIDC go to the Commissioner (Appeals) and then to the ITAT Mumbai Benches; writs lie to the Bombay High Court.
Do you also handle a statutory audit for businesses near Additional Ambernath MIDC?
Yes. We also work with businesses in Ambernath, Ordnance Estate, Ambernath, Netaji Bazar, Ulhasnagar and Ulhasnagar Camp 4 and elsewhere in Ambernath, on the same terms and online.
Do I need to visit your office from Additional Ambernath MIDC?
No. We serve Additional Ambernath MIDC from our Mumbai office at Goregaon West, with meetings there or by video. Documents are shared securely online, filings are signed with a digital signature, and meetings are by video or at our office by appointment. Call +91 99622 60333 or email support@virtualauditor.in.