Compulsory Audit Requirement for Companies

Statutory Audit is Compulsory for every company under Companies Act
Since Audit Compulsory,no separate tax audit is required under Income tax Act

"However,CA has to give Audit Report in"
Form 3CA+ Form 3CD

(Main Audit report is in Form 3CA and Annexure in Form 3CD)

Note:-
Some companies do not follow Financial Year from 1 April to 31 March while doing statutory audit
In this case,separate tax audit will be required