Can you opt for ITR 4 (presumptive income) if you are day trader?

Taxation
1

Hello,
In itr -4 instructions it says not to be used by those with speculative business income?

so how can i use itr-4(presumptive) with intraday equity profits/losses?

will there be problems with it dept? i want to avoid bookkeeping and audit.

2

If you opt for presumptive taxation scheme for intraday equity income then you might be penalized and fined by the IT Department in case it scrutinizes your nature of business. Hopefully, your Chartered Accountant will be able to elaborate. Cheers.