Applicability of tax audit F N O

No need of Tax audit u/s. 44AB IT act, in above case.

You are welcome.                  

As per the provisions of the Income Tax Act, if your turnover from F&O trading exceeds Rs. 1 crore during the financial year, you are required to get your accounts audited by a chartered accountant.

In your case, since your F&O turnover is Rs. 30 lakh, which is below the threshold of Rs. 1 crore, you are not required to undergo a tax audit solely based on F&O turnover.
 

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