F&O Loss, Salaried Employee with taxable income, Audit Requirement?

I've been filing my audit for making loss in F&O trading for the last 3 years. My salary is taxable and my turnover in F&O is less than 1 cr. 

I never opted for presumptive income clause, and have been maintaining my books of accounts for F&O Trading.

This year, I am advised that under no section do I require to have an audit, but some of the online tax filing websites like cleartext and others have different opinion as can been seen from their example. 

https://cleartax.in/s/fo-trader-return-filing

example 2

https://www.thegalacticadvisors.com/post/tax-audit-futures-options-fo

 

Can someone please help me understand if I do or do not require to do to audit under what section, if applicable.

 

Thank you.

Replies (4)
Quick Summary
This discussion clarifies whether an audit is required for F&O trading losses when you have salary income and your F&O turnover is below ₹1 crore. The consensus is that if you haven't opted for presumptive income and your turnover is below the Section 44AB limit, an audit is not mandatory, even with losses. Online tax portals have been updated to reflect this clarification.

Turnover under f&o is considered by adding all losses and gains of all days and if turnover exceeds the limit under section 44AB then audit is compulsory.

If you never opted for presumptive income clause then you don't need to require for audit under section 44AB if your turnover is below specified limit of 44AB.
As per section 44 ab if turnover limit exceeds then audit is mandatory otherwise no need to audit if your turnover is below the specified limit

Thank you for your prompt reply. 

Both replies implies that just because I made loss, doesn't compel me to audit unlike how cleartax and other websites wrongly suggests with examples.

Any further addition from the qualified dignitaries, absolutely in context of this question, would be highly appreciable and help many people. Thank you once again.

Update from Cleartax:

"We have reviewed your query and please be informed that audit is not required for example 2. 

We will inform our content team to modify the details."

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