Tax audit / audit

 As per the guidance note from ICAI ( section 5.12, page 23).

• For Intraday equity — absolute sum of settlement profits and losses per scrip

Check the net transaction taking losses also as positive; if exceeds 1 cr. audit will be required.(sec. 44AB)

In case of net profits less than 8% of the TO, then accounts to be audited as per sec. 44AD.