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 

Replies (2)
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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details