F&o turnover

Hello Friends

Context: Salaries person with F&O (Net Loss and Turnover much less than 1 Cr)

As per most of the online forums and links, one needs to get AUDIT done in this scenario, or show 6% gain. Came across below article which has created another slab for turnover less than 1 cr saying no audit is needed

https://www.balakrishnaandco.com/news-and-articles/6-auditor-tax-audit-for-fando-loss-ca-required

- Any views if AUDIT is needed?

- Can F&O loss be set off against Interest Income

- Would AUDIT mean audit of F&O only, or audit of all the stuff going into return

Thanks a lot