Proprietorship firm audit for income tax

I was filing income from business of proprietorship firm under sec 44AD presumption income till last year.this year my business expenses have increase substantially and my business is not making any profit and i dont want to show 6%presumptive profit.so for audit what is procedure, how many days does the audit process takes and what all data i need to give for audit purpose of proprietorship firm.also what would be fees for audit of proprietorship firm.

Turnover of firm for financial year is 82 lakhs and it is electrical goods trading business wholesale in mumbai 

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Quick Summary
This discussion addresses the audit requirements for a proprietorship firm in Mumbai that no longer wishes to use presumptive income under Section 44AD due to increased expenses. The user is seeking information on the audit procedure, necessary documentation, typical timelines, and associated fees for their electrical goods wholesale trading business with an annual turnover of 82 lakhs. Several CAs have offered their services and guidance.

Hi devang, I'll be happy to help you out. It depends on your case. If your accounts are well and good and you have proper documentation then audit will not take much time. I'm leaving the details in your inbox.
Hello Devang ji, our CA firm R C D & Co. is suitably placed to deliver the requisite services. We are based out of Kandivali West,Mumbai

Looking forward to connect with you on audit and tax aspects.

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