Audit requirement for FnO trading profit below 6%

This discussion explores whether a tax audit is required for Futures & Options (FnO) trading when the profit is below 6% of the turnover. The user has an FnO turnover of £2 Lacs with a profit of £2,000, alongside other income of £10 Lacs. Last year, an audit was necessary due to FnO losses. The query is whether the low profit this year triggers an audit requirement, especially considering the total income exceeds the threshold for mandatory audits.