if any private company had caro applicable in fy 2015 16 and same company covered under tax audit in fy 2016 17 and in fy 2016 17 the same company according to caro 2016 not applicable then according to tax audit caro is. mandatory as once applicable always applicable
tax audit & caro are two seperate reqirements. do nt mix them. the limit of caro is to be checked in each financial year for pvt ltd co. for f/y 16-17, the requirement is to be checked as on 31/03/17. further section 143(11) of companies act 2013 requires to report on other regulatory matters.
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