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Income tax audit under 44ab for losses

This query is : Resolved 
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(Querist)
19 June 2023
if assessee having two business income

1) income from trading of goods
- Turnover is below 1cr
2) income from future and options - Turnover is below 1cr


* 12% profit from Trading of goods
* losses from future and options


Previously ITR filed under 44AD

Please advise me that we need to audited our books of account to claim of future & options
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 June 2023 Tax audit required if combined income is above taxable limit.
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Pranali Bhandari

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Pranali Bhandari (Querist)
19 June 2023 sorry sir can you more elabarote on this.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 June 2023 Tell me the income from trading of goods and loss from f and o.
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