Tax rate for the trader in F&O

#1
Hi,
I am a salaried individual and trading in F&O segment of stock market. My turnover is more than 40 lakhs.

Can I go for the direct tax or I have to go for the audit?
What are the documents I have to submit to IT Dept.?

This is my first year when I started trading in F&O.

Thanks in advance

Best Regards
Anand
 

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