WIll Tax Audit be applicable to me?

  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


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

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.