GEM

Special Economic Zones Mumbai Income Tax Audit Tender 2025 - Tax Advisory Onsite & IS 44AB Compliance

Bid Publish Date

28-Oct-2025, 3:50 pm

Bid End Date

18-Nov-2025, 4:00 pm

Bid Opening Date

18-Nov-2025, 4:30 pm

Value

₹1,50,000

Location

MUMBAI , MAHARASHTRA

Progress

Issue28-Oct-2025, 3:50 pm
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • Distinctive 25% quantity/duration variation right at contract issue
  • • IS 44AB Income Tax Audit scope with e-filing obligations
  • • Mumbai principal place of business requirement for bidders
  • • Annual turnover threshold: ₹50 Lakhs on a 3-year average
  • • Minimum 10 years existence per ICAI and C&AG empanelment
  • • Team composition: 1 CA, 2 Article Assistants, led by senior partner
  • • Payment on completion; firm liable for deployed personnel dues
  • • Notable emphasis on timely final/ revised audit reports and discussion of observations

Categories 4

FINANCIAL CONSULTANCY FINANCIAL AUDIT SERVICES SERVICES TAX AUDIT

Tender Overview

Special Economic Zones in Mumbai (MAHARASHTRA 400002) invites bids for Income Tax Audit and related financial advisory services under Section 44AB of the Income Tax Act, 1961. The 1-year contract targets an estimated value of ₹75,000 with a clearly defined team composition and eligibility criteria. The engagement includes preparing and uploading the audit report on the Income Tax Department e-filing site within statutory timeframes, addressing post-audit revisions, and flagging critical observations to authorities. A notable contract feature allows a 25% variation in contract quantity or duration at issuance, requiring bidder acceptance of revised terms. The scope emphasizes timely delivery, compliance, and accountability, with Mumbai as the principal business location. Key differentiators include a need for a firm with established ICAI discipline, decadal existence, and C&AG empanelment.

Technical Specifications & Requirements

  • Scope of Work: Income Tax Audit for the financial year under audit; draft and final Tax Audit Reports; rectify prior drafts; discuss material observations with the Authority.
  • Audit Team: 1 Qualified Chartered Accountant, 2 Semi-Qualified Article Assistants, led by a senior partner.
  • Selection Criteria: Contract value ~₹75,000; turnover ≥₹50 Lakhs averaged over 3 years; minimum 10 years existence per ICAI; C&AG empanelment; at least 3 years of tax audit experience in central/government bodies in last 10 years; 2 full-time partners and 2 qualified CAs; principal place of business in Mumbai.
  • Payment Terms: Payment after submission of bill and satisfactory service; firm bears payroll liabilities for deployed personnel.

Terms, Conditions & Eligibility

  • EMD: Not specified in data; confirm via official portal.
  • Experience/Turnover: 3+ years tax audit experience in government/PSU sector; 3-year average turnover ≥₹50 Lakhs; existence for ≥10 years; C&AG empanelment required.
  • Delivery: Timely filing and post-audit revisions as needed; no explicit delivery milestone beyond statutory timeframes.
  • Location: Principal office must be in Mumbai; audit execution likely Mumbai-based.
  • Payment: Net payment post-bill submission and satisfaction; employer bears personnel payment responsibilities.

Key Specifications

  • Product/Service: Income Tax Audit services under Section 44AB

  • Estimated contract value: ₹75,000 for 1 year

  • Team: 1 CA + 2 Semi-Qualified Article Assistants; led by senior partner

  • Turnover criterion: ₹50 Lakhs average over last 3 years

  • Experience: min 3 years in Tax Audit for Central Government/Autonomous Bodies

  • Location: Principal office in Mumbai; empanelment with C&AG

  • Payment: post-bill, subject to satisfactory service; payroll liabilities borne by firm

Terms & Conditions

  • 25% quantity/duration variation allowed at contract issue

  • Tax audit under 44AB with e-filing and post-draft revisions

  • Mumbai-based firm with ICAI and C&AG empanelment required

Important Clauses

Payment Terms

Payment disbursed after submission of bill and satisfactory service; firm bears credentialed personnel payments

Delivery Schedule

Audit report and any revisions must be uploaded within statutory timelines; timely discussion of observations with Authority

Penalties/Liquidated Damages

Not explicitly stated; implied adherence to statutory deadlines and quality standards

Bidder Eligibility

  • Minimum 3 years of tax audit experience in Central Government/Autonomous Bodies

  • Average annual turnover ≥ ₹50 Lakhs over the past 3 years

  • Firm must be in existence for at least 10 years and empaneled with C&AG

  • Principal place of business in Mumbai

Past Similar Tenders (Historical Results)

5 found

Financial Advisory Services - Onsite; Tax Advisory

National Institute Of Wind Energy

CHENNAI, TAMIL NADU

Posted: 9 April 2025
Closed: 9 May 2025
GEM

Financial Advisory Services - Onsite; Tax Advisory

Airports Authority Of India

PATNA, BIHAR

Posted: 9 April 2025
Closed: 26 April 2025
GEM

Financial Advisory Services - Onsite; Tax Advisory

N/a

GANDHI NAGAR, GUJARAT

Posted: 9 April 2025
Closed: 24 April 2025
GEM

Financial Advisory Services - Onsite; Tax Advisory

Director Of Social Defence

BHAVNAGAR, GUJARAT

Posted: 6 March 2025
Closed: 17 March 2025
GEM

Financial Advisory Services - Onsite; Tax Advisory

Uttarakhand Metro Rail

DEHRADUN, UTTARAKHAND

Posted: 3 March 2025
Closed: 26 March 2025
GEM

🤖 AI-Powered Bidder Prediction

Discover companies most likely to bid on this tender

Live AI
Historical Data

Required Documents

1

GST registration certificate

2

PAN card

3

Experience certificates in tax audit for government/central bodies

4

Financial statements (last 3 years) showing turnover ≥ ₹50 Lakhs

5

Auditor firm empanelment with C&AG

6

Technical bid documents and method statement

7

OEM authorizations (if any) and ICAI membership certificates

8

Any prior performance/appointment orders related to 44AB audits

Frequently Asked Questions

Key insights about MAHARASHTRA tender market

How to bid for the Income Tax Audit tender in Mumbai 2025?

Bidders should prepare an ICAI-credentialed team (1 CA, 2 Article Assistants), ensure C&AG empanelment, and meet the ₹50 Lakhs 3-year turnover average. Submit GST, PAN, turnover statements, experience certificates, financials, and technical bid. Ensure Mumbai principal office and IS 44AB compliance.

What documents are required for the SEZ tax audit procurement in Mumbai?

Submit GST registration, PAN, three-year financial statements showing turnover ≥ ₹50 Lakhs, ICAI membership or empanelment proof, C&AG empanelment certificate, experience certificates in government audits, and technical bid documents. Include auditor team bios and firm existence proof (≥10 years).

What is the contract value and payment terms for this tender?

The 1-year contract value is estimated at ₹75,000. Payment is released after submission of the bill and satisfactory service, with payroll liabilities of deployed personnel borne by the firm. No advance stated; payments on completion and acceptance.

What are the eligibility criteria for the tax audit contract in Mumbai?

Eligibility includes minimum 3 years of tax audit experience in government domains, average annual turnover ≥ ₹50 Lakhs over 3 years, firm existence ≥10 years per ICAI, C&AG empanelment, and at least 2 full-time partners with 2 qualified CAs, with Mumbai as principal office.

What standards or compliance are required for the audit work?

Auditors must conduct the audit under Section 44AB with e-filing of reports, ensure timely revisions if needed, and align with central government audit norms. Ensure ICAI standards and C&AG guidelines are followed in report preparation and submission.

What is the scope of the audit team composition for this bid?

Team must include 1 Chartered Accountant and 2 Article Assistants, all overseen by a senior partner. Personnel deployed should possess requisite qualifications with experience to complete the audit efficiently and within statutory timelines.

Where should the principal office of the bidding firm be located?

The firm must have its principal place of business in Mumbai, ensuring proximity for fieldwork, stakeholder coordination, and timely submission of the tax audit reports to the SEZ authority.

How are revisions to the audit report handled after submission?

Any revisions/rectifications required after filing must be completed by the appointed firm. Observations in the draft report should be discussed with the Authority, and significant issues must be brought to their notice for timely corrective action.

Similar Tenders

1 found
Urgent

Gujarat Industries And Mines Department Financial Advisory Services Onsite Tender 2025 – Tax Advisory & EMD ₹100000

N/a

EMD: ₹1.0 L
Est: ₹20.0 L
⏰ Deadline: 2 days left
🛒 Type: Service
View GEM