44ADA with F&O Loss. Tax Audit Query.

This discussion addresses a query about utilising Section 44ADA for professional income while also incurring losses from Futures & Options (F&O) trading. The core question is whether an individual can claim presumptive income under 44ADA for their profession and simultaneously maintain books of accounts for F&O losses. The consensus suggests that tax audit under Section 44AB is not applicable in this scenario.