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Dealing in f&o nse is the audit required

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(Querist)
28 July 2016 Sir as i would like to know the limit for trading in F&O in NSE what is the limit for the audit required as i have been informed as for F&O usually it is net based so audit is required.
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Amol S Joglekar

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Amol S Joglekar (Expert)
28 July 2016 in the case of FNO, mod value (positive difference of the trade) exceeds the threshold limit ( 1 crore), then tax audit is applicable.

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