Statutory & Tax Audit in Kumbalgodu, Bangalore
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 Kumbalgodu, Bangalore, from our Bengaluru office at Mahalakshmi Chambers, MG Road. Reports are signed by a chartered accountant and filed online with the MCA and the Income Tax Department.
Kumbalgodu: the local picture for Audit Services
This page covers Kumbalgodu on Mysore Road, with a KIADB industrial area. Kumbalgodu lies in Bengaluru Urban district, Karnataka. Its business mix is typical of an industrial and manufacturing area. Nearby areas we also serve include Kengeri, R.V. Niketan, Rajarajeshwari Nagar and Ullal Upanagar. We serve clients in Kumbalgodu from our Bengaluru office at Mahalakshmi Chambers, MG Road. 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 Kumbalgodu come under the Registrar of Companies, Bangalore (Kendriya Sadan, Koramangala). Income-tax appeals from Kumbalgodu go to the Commissioner (Appeals) and then to the ITAT Bangalore Benches; writs lie to the High Court of Karnataka.
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.
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.
What do we check that clients often miss?
Since 1 April 2023 a company's accounting software must keep an audit trail (edit log) that cannot be disabled, and the auditor reports on it. We also test related-party transactions, stock records and statutory dues, because these are the commonest CARO qualifications.
If an auditor finds a fraud of ₹1 crore or more, section 143(12) requires a report to the Central Government in Form ADT-4; smaller frauds are reported to the audit committee or board.
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 Kumbalgodu
- Statutory audit report and CARO 2020 report
- Tax audit report under the Income-tax Act
- LLP, trust and society audits
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.
When is a tax audit required?
When business turnover exceeds ₹1 crore (₹10 crore if cash receipts and payments are each within 5%), or a profession's gross receipts exceed ₹50 lakh, and in some presumptive-tax cases where lower profits are declared.
Which offices deal with a statutory audit for a business in Kumbalgodu?
Companies with a registered office in Kumbalgodu come under the Registrar of Companies, Bangalore (Kendriya Sadan, Koramangala). Income-tax appeals from Kumbalgodu go to the Commissioner (Appeals) and then to the ITAT Bangalore Benches; writs lie to the High Court of Karnataka.
Do you also handle a statutory audit for businesses near Kumbalgodu?
Yes. We also work with businesses in Kengeri, R.V. Niketan, Rajarajeshwari Nagar, Ullal Upanagar and Jnana Bharathi and elsewhere in Bangalore, on the same terms and online.
Do I need to visit your office from Kumbalgodu?
No. We serve Kumbalgodu from our Bengaluru office at Mahalakshmi Chambers, MG Road. 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.