Audit Services in Vimanapura, Bangalore

Quick answer: Virtual Auditor carries out statutory audits of companies, tax audits, LLP audits and internal audits for businesses in Vimanapura, 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.

Vimanapura: the local picture for Audit Services

Vimanapura is the HAL and NAL aerospace belt along HAL Airport Road. Vimanapura lies in Bengaluru Urban district, Karnataka. Its business mix is typical of an industrial and manufacturing area. Nearby areas we also serve include Marathahalli, Jeevan Bima Nagar, C.V. Raman Nagar and Mahadevapura. We serve clients in Vimanapura 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 Vimanapura come under the Registrar of Companies, Bangalore (Kendriya Sadan, Koramangala). Income-tax appeals from Vimanapura 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.

Which audits does a business in Vimanapura 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 Vimanapura

• LLP, trust and society audits
• Internal audit and stock audit
• Audit-trail and internal-control review

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

*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.