Statutory & Tax Audit in Mantralaya, Mumbai
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 Mantralaya, Mumbai, from our Mumbai office at Workafella, Goregaon West. Reports are signed by a chartered accountant and filed online with the MCA and the Income Tax Department.
Mantralaya: the local picture for Audit Services
Mantralaya is the Mantralaya and Bombay High Court precinct. Mantralaya lies in Mumbai City district, Maharashtra. Its business mix is typical of an area built around public institutions and campuses. Nearby areas we also serve include Nariman Point, Fort, Marine Lines and Kalbadevi. We serve clients in Mantralaya from our Mumbai office at Workafella, Goregaon West. Trusts, societies and Section 8 companies here need audits that show income applied to their objects, which their tax exemption depends on. Companies with a registered office in Mantralaya come under the Registrar of Companies, Mumbai (Mumbai-I), for Mumbai City and Mumbai Suburban districts. Income-tax appeals from Mantralaya 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.
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 Mantralaya
- Audit-trail and internal-control review
- Statutory audit report and CARO 2020 report
- Tax audit report under the Income-tax Act
Documents to keep ready
- GST returns and TDS statements
- Loan, lease and major contract documents
- Board and shareholder minutes
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
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.
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 Mantralaya?
Companies with a registered office in Mantralaya come under the Registrar of Companies, Mumbai (Mumbai-I), for Mumbai City and Mumbai Suburban districts. Income-tax appeals from Mantralaya 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 Mantralaya?
Yes. We also work with businesses in Nariman Point, Fort, Marine Lines, Kalbadevi and Colaba and elsewhere in Mumbai, on the same terms and online.
Do I need to visit your office from Mantralaya?
No. We serve Mantralaya from our Mumbai office at Workafella, Goregaon West. 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.