How to decide whether Audit required or not? Combination of presumptive + business

[BB789]

@quicko claimed otherwise here:

F&O income less than 6% turnover

Hi @amitpathak25 , You do not need to get a tax audit done as it is applicable to taxpayer’s whose business turnover crosses ₹10 crore. The business turnover shall include all your businesses including f&o (equity) , intraday, currency, commodities, any other businesses as well. If its below ₹10 crore then you just need to file your ITR before 31st July, 2025 and pay the taxes.