Fno loss carry forward

If you're salaried and have incurred losses from Futures and Options (FNO) trading, you might be wondering if a tax audit is necessary to carry forward those losses. Generally, a tax audit isn't mandatory for FNO trading if your turnover is below a certain threshold, which has recently been increased to 10 crore rupees. However, this exemption has specific conditions, particularly if you've declared income under Section 44AD in previous years.