I made Loss in fno but turnover is more than 1 crore, is audit necessary?

If you're a salaried individual whose Futures & Options (FNO) trading turnover exceeded 1 crore in the 2021-2022 financial year, even with a loss, you might need to consider a tax audit. While ITR-4 might seem like an option to avoid an audit, it could lead to paying presumptive tax on your turnover. Getting a tax audit, though incurring fees, might be more beneficial as it allows you to declare your actual loss and potentially carry it forward, or at least avoid paying tax on a notional profit. It's advisable to consult a Chartered Accountant to assess the best course of action based on your specific circumstances.