Audit Services in Nazarethpettai, Chennai

Quick answer: Virtual Auditor carries out statutory audits of companies, tax audits, LLP audits and internal audits for businesses in Nazarethpettai, Chennai, from our head office at Spencer Plaza, Anna Salai. Reports are signed by a chartered accountant and filed online with the MCA and the Income Tax Department.

Nazarethpettai: the local picture for Audit Services

Nazarethpettai lies in Thiruvallur district, Tamil Nadu. Its business mix is typical of a residential neighbourhood with shops, clinics and home-based businesses. Nearby areas we also serve include Thirumazhisai, Poonamallee, Kundrathur and Kovur. We serve clients in Nazarethpettai from our head office at Spencer Plaza, Anna Salai. Small companies and professionals here mostly need their first statutory audit set up properly — books, registers and the auditor's appointment on record. Companies with a registered office in Nazarethpettai come under the Registrar of Companies, Chennai. Income-tax appeals from Nazarethpettai go to the Commissioner (Appeals) and then to the ITAT Chennai Benches; writs lie to the Madras 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 Nazarethpettai 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.

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 Nazarethpettai

• 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

• Board and shareholder minutes
• Trial balance, ledgers and bank statements for the year
• Fixed-asset and stock registers

Indicative Fee Structure

*Prices are indicative and exclude government fees and taxes. Actual fees depend on scope and complexity; contact us for a fixed quote.

Engagement terms — reviewed 25 October 2026

• Fee: Tax audit under section 44AB from ₹35,000 + 18% GST. Statutory audit, internal audit and GST audit are quoted against scope and size.
• Extra / not included: Preparation of the financial statements and bookkeeping are separate from the audit.
• Turnaround: Agreed per scope in the engagement letter, counted in working days from receipt of complete information and the advance payment; statutory due dates are met when books are closed at least 20 working days before them.
• Who signs: The audit report is signed by V. Viswanathan FCA or another qualified Chartered Accountant of the practice, depending on the engagement.
• Entity: Engagement letter and invoice are issued by V Viswanathan & Associates, Chartered Accountants (FRN 013713S), the proprietary firm of V. Viswanathan.
• What to send first: Send trial balance and ledgers, previous year's audit report, fixed-asset register, and the list of related parties.
• Next step: Send your enquiry on WhatsApp to +91 99622 60333; we confirm the scope, fee and timeline in writing before work starts.