Turnover of Delivery Based Trading covered under Audit

This discussion clarifies whether turnover from delivery-based trading, especially when exceeding Rs 2 Crores, falls under mandatory audit requirements. It highlights that tax audit may not apply if over 95% of total receipts and payments (including non-trading income) are digital. The conversation also explores if frequent buying and selling of a single company's equity, exceeding Rs 10 lakhs in acquisition value, constitutes a 'High Value Transaction' and its implications for traders.