Statutory audits, tax audits, internal audits, and bank audits conducted by experienced Chartered Accountants. Pujara & Co delivers accurate, compliant audit reports that banks, regulators, and investors trust.
A statutory audit is a legally required independent examination of a company's financial statements to ensure they give a true and fair view of its financial position. It is conducted by a practising Chartered Accountant in accordance with Standards on Auditing (SAs) issued by the ICAI.
Under the Companies Act 2013, every registered company — Private Limited, Public Limited, OPC — must have its accounts audited annually. For firms and proprietorships, a tax audit under Section 44AB of the Income Tax Act becomes mandatory when turnover exceeds prescribed limits.
At Pujara & Co, our audit team brings deep domain expertise across manufacturing, trading, services, real estate, and professional firms in Ahmedabad and across Gujarat.
Comprehensive audit coverage for all entity types and regulatory requirements
Mandatory annual audit for all companies under the Companies Act 2013. We examine financial statements, verify internal controls, and issue audit reports compliant with SA standards and CARO 2020.
Mandatory for businesses with turnover above ₹1 crore (₹10 crore for digital transactions) and professionals above ₹50 lakh. We prepare and file Form 3CA/3CB & 3CD accurately before the due date.
Systematic, risk-based review of internal controls, processes, and governance. Helps management identify control gaps, fraud risks, and operational inefficiencies before statutory auditors do.
Concurrent audits, stock audits, and borrower audits as required by banks and financial institutions for loan processing, working capital facilities, and credit assessments.
Audit requirements in India vary by entity type and annual turnover
Statutory audit is mandatory every financial year regardless of turnover or profit. Auditor appointed by shareholders at AGM.
Tax audit mandatory when business turnover exceeds ₹1 crore or professional receipts exceed ₹50 lakh.
Tax audit required under Section 44AB when turnover exceeds prescribed limits or net profit is below 8%/6% of turnover.
Pujara & Co — Chartered Accountants, Ahmedabad. CA Mitul Pujara leads all audit engagements. Office: A-309, Privilon, Iskcon Cross Road, Ahmedabad. Call +91 90168 75077.
Book ConsultationYes. Every company registered under the Companies Act 2013 must have its accounts audited by a practising Chartered Accountant annually, regardless of turnover or profit. There is no exemption based on company size.
The tax audit report (Form 3CA/3CB & 3CD) must be filed by 30 September of the assessment year for non-transfer pricing cases. For cases involving international transactions, the deadline is 31 October.
The penalty under Section 271B of the Income Tax Act is 0.5% of total sales / turnover or ₹1.5 lakh, whichever is lower. Timely compliance avoids this penalty and potential income tax scrutiny.
Typically 2–4 weeks depending on the size and complexity of the business. For smaller companies with organised books, we can complete the audit in 1–2 weeks. Early preparation of documents significantly speeds up the process.
Yes. We conduct audits for Section 8 companies, registered public charitable trusts, and cooperative societies under applicable accounting standards. We also assist with 12A/80G renewals requiring audit reports.