When organizations are looking for reliable audit firms in Mumbai, Shah and Doshi is a trusted partner that provide integrated audit and assurance service solutions. As an experienced audit consulting firm, we perform allotted, independent, compliant, and thorough audits that help organizations fulfill regulatory obligations while improving internal controls and reducing risk, with the goal of instilling confidence in the stakeholders.
After a decade of experience serving a broad range of industries with their audits, our independent and experienced audit consultants bring sound regulatory experience and easily understandable business knowledge to the audit service in a way that focuses on your operations, while complying with regulations and identifying opportunities for improvement and growth. As one of the reliable auditing firms and trusted audit companies in Mumbai, we deliver services that go beyond compliance to add real business value.
Experience Across Industries
Our auditing firm has a wealth of consulting experience across a vast number of industries including manufacturing, services, technology, finance, healthcare, and retail. This range of expertise allows us to understand common industry-specific risks and develop customized audit frameworks.
Knowledge of Laws and Regulations
We, as an audit consulting firm in Mumbai, are familiar with all relevant regulations including the Companies Act 2013, Income Tax Act 1961, GST Act 2017 and transfer pricing. We follow the continually changing regulatory obligations to ensure your business is compliant with another layer of requirement.
Leveraging Technology
We use the latest auditing methodology, data analytics and digital tools to increase audit quality and decrease audit timeframes. Our “paperless audit” also allows us to efficiently complete audits without a widening amount of documentation taking away from performance.
Personalized Service
We are unlike other larger audit companies in Mumbai. We provide personalized consulting attention by using a dedicated audit consultant at all levels of engagement. We tailor our service based on your unique positioning, business needs, and the level of risk involved.
Income Tax Act Audit
We provide tax audit services under section 44AB of the Income Tax Act to ensure compliance with the regulations for business and professionals exceeding the prescribed threshold turnover.
- Business Node Tax Audit: When turnover exceeds ₹1 crore, or ₹10 crore if 95% or more of total receipts are digital consideration.
- Professional Node Tax Audit: When gross receipts exceed ₹50 lakh.
- Presumptive Taxation Audit: On declared income of below the prescribed limits.
- Reviewing compliance in detail: Deductions, exemptions, taxes etc.
Companies Act Audit 2013
We are one of the more trusted audit firms in Mumbai; registered with the Institute of Chartered Accountants of India and can perform statutory audit on all kinds of companies.
- Audits for Private Limited Company
- Audits for Public Limited Company
- Audits for One Person Company
- Audits for small Company
GST Audit & Sales Tax Compliance Audit
Our ability to conduct GST auditing means we comprehend the nuances of compliance for businesses operating in the indirect tax environment.
- Compulsory GST auditing: Businesses with more than ₹5 crore in annual turnover are required to have a GST audit.
- Voluntary GST auditing: Agreed-upon compliance reviews of GST responsibilities for smaller businesses.
- Reconciliation of input tax credits
- Reconciliation of GST return and accounting books
Transfer Pricing Audit
In accordance with new policies for 2025 on new block assessment provisions, we have experience in ensuring compliance and arm’s length prices:
- Audit for International Transactions
- Audit for Specified Domestic Transactions
- Transfer pricing Documentation
- Advance Pricing Agreement Support
Phase 1: Planning for Engagement
- Study risk, controls, and operations.
- Personalized audit strategy
- Plan the evaluation
Phase 2: Conducting the Audit
- Verifying transactions and compliance
- Assessing internal controls
- Data analysis
Phase 3: Communications & Reporting
- Review of the draft with management
- The final audit report
- Suggestions
Assistance Following Satisfaction
- Support for filing
- Assistance with the review
- Help with the follow-up
- Production and Exchange
- Technology of Information
- Services for Finance
- Medical Care
- Property
- SMEs, or small and medium-sized businesses
| Requirement for Compliance | Date of Due (FY 2024–25) |
|---|---|
| Audit of the Companies Act | Six months after the fiscal year ends |
| Audit of Taxes (44AB) | 30 September 2025 |
| Audit of Transfer Pricing (3CEB) | 31 October 2025 |
| GST Audit (9C) | 31 December 2025 |
| AOC-4 (Financial Statements) | 30 days from AGM date |
| Form 3CA/3CB (Tax Audit Report) | With ITR filing |
- Proactive Advisory Service
- Digital Innovation
- Open Communication
- Competitive Investment
- Year-Round Support
- Free Consultation: Have a discussion with our experienced audit consultants to understand your company’s situation.
- Detailed Proposal: Receive a detailed proposal that includes a customized plan outlining the project’s objectives, budget, and timeline.
- Engagement Letter: Officially confirm the relationship while establishing clear terms and expectations.
- Conducting the Audit: A professional team conducts the audit with accuracy and a focus on compliance.
- Reporting & Follow-Up: Receive a comprehensive report that includes post-audit support and recommendations for follow-up.
New to audits? Here’s a quick guide on how to choose the right auditing firm for your business.
- Services for Business Registration (Private Limited, LLP, OPC)
- Services for Tax Compliance (ITR, GST Filing, TDS)
- Services for GST and Trademark Registration
Are You Prepared to Join One of Mumbai’s Leading Audit Firms?
Call: +91 9870611654 / +91 9819316484
WhatsApp: quick consult option available
Email: harshit@shahdoshi.com / ruchi@shahdoshi.com
Online Form: Fill out the secure consultation request form
FAQ's
For businesses, a tax audit under Section 44AB is mandatory if turnover exceeds ₹1 crore (₹10 crore with 95% digital transactions) and for professionals if receipts exceed ₹50 lakh.
A qualified audit consultant must verify accounts, report deductions, and ensure compliance with Section 44AB when turnover or receipts cross the prescribed limits.
A due diligence audit reviews a company’s financial, legal, and operational health, helping stakeholders reduce risks and make informed investment or merger decisions.
An income tax audit covers verification of books, compliance with tax laws, review of deductions, and accuracy of financial reporting for both businesses and professionals.
Audit firms in Mumbai offer statutory audits, tax audits, GST audits, internal audits, and compliance support tailored to different industries.
Audit consulting firms guide businesses with compliance, risk management, and improving internal controls while ensuring audits go beyond just meeting legal requirements.
An audit consultant ensures accurate financial reporting, identifies gaps in compliance, and provides recommendations that strengthen operations.
Both terms refer to professional firms registered to conduct audits, though “audit companies in Mumbai” usually highlights location-based service availability.
You should check their industry expertise, regulatory knowledge, client approach, and use of technology. Here’s a full guide.
Due diligence in a startup usually focuses on fiscal statements, tax returns, intellectual property, equity structure, and compliance with company law, mainly for the purpose of obtaining investors.
Through due diligence audits, businesses gain access to hidden liabilities, the opportunity to assess cash flows, verify the stipulation of tax and corporate laws, and evaluate the risk-taking before making key financial decisions.