Comment on Taxation for Traders - Introduction

Hi,

What about NRI who trades online in F&O, the online broker will deduct TDS on the profit. I have the following questions

1) If my total income from trading is less than Rs. 2 lakh, will I still have to file income tax return ?
2) % profit is less than 8% of turnover will I have to have my books audited even after having TDS paid.

Thanks

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