Statutory & Tax Audit in Vashi, Navi 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 Vashi, Navi Mumbai, 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.
Vashi: the local picture for Audit Services
This page covers Vashi, with the APMC markets and the Turbhe market area. Vashi lies in Thane district, Maharashtra. Its business mix is typical of a trading and wholesale area. Nearby areas we also serve include Sanpada, Kopar Khairane, Ghansoli and Mahape. We serve clients in Vashi from our Mumbai office at Goregaon West, with meetings there or by video. For traders here we concentrate on stock records, cash sales and matching GST returns with the books — the areas where tax-audit qualifications usually arise. Companies with a registered office in Vashi 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 Vashi 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 Vashi 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 Vashi
- 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
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 Vashi?
Companies with a registered office in Vashi 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 Vashi 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 Vashi?
Yes. We also work with businesses in Sanpada, Kopar Khairane, Ghansoli, Mahape and Nerul and elsewhere in Navi Mumbai, on the same terms and online.
Do I need to visit your office from Vashi?
No. We serve Vashi 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.