WIll Tax Audit be applicable to me?

Taxation
1
  1. I havent traded futures
  2. I havent traded stocks or currency
  3. I am a student. My income is below 2.5 lakh. In fact, there is no income except the 50k that i have gained in option selling
  4. No rent or any other source of income

taxaudit
taxaudit1366×667 42.4 KB

2

@emrys11

No Audit is applicable as your turnover is below the threshold limit of Rs 10 Crore.

3

Hey @emrys11

Tax audit is recommended when a trader has a high turnover. However, if the total income is less than INR 2,50,000 then an audit will not be applicable.