Professional income: Rs 240000 ( Net Profit)
Intraday Loss: Rs 224290, Intraday turnover Rs 577250
short-term capital gain Rs 54000 (will be taxed @15%)
Now my question is whether I need to get an audit done as Turnover is less than 2 cr and profit is less than 8% of turnover?
I think though my total income is below 250000 I am paying 15% short-term capital loss so whether audit required help?