Audit requirement

Abhishek Tuteja (34 Points)

23 July 2018  

Hi,

Is Audit required in following case for a Intraday/F&O trader?

Turnover - 358841

Profit (net of brokerage/other expenses) - 68916

As the T/O is less than 2 Cr and profit > 6%/8%, there should not be any audit requirement.

Pls let me know asap.

Regards

Abhishek