I've been filing my audit for making loss in F&O trading for the last 3 years. My salary is taxable and my turnover in F&O is less than 1 cr.
I never opted for presumptive income clause, and have been maintaining my books of accounts for F&O Trading.
This year, I am advised that under no section do I require to have an audit, but some of the online tax filing websites like cleartext and others have different opinion as can been seen from their example.
Can someone please help me understand if I do or do not require to do to audit under what section, if applicable.