Regarding New 44AB turnover for traderz

As per 2020-21 financial year for 44AB turnover is 5 crores for online transaction....

Can Futures and options trader in share market can opt this and need not get the books audited ......after increase in turnover by 1 cr

 

Or Are they are required to get audited

 

Since all the transactions of traders are online transactions

Replies (1)
In respect of futures and option there's no requirement for audit for turnover up-to 5 crs

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