Can F&O Turnover be Treated as Turnover under Presumptive Scheme of Taxation under 44AD

Income Tax Income from Business or Profession
1

Whether All Conditions regarding Turnover as mandated for F&O are satisfied as mentioned under 44AD?
Since F&O does not fall under specified profession definition mandated as under 44AA(1) ?

2

Yes, F&O is not covered under the specified profession definition and there’s no restriction on reporting F&O income under the presumptive scheme. However, as all the reports are provided by the broker and books of accounts can also be easily maintained, it is better to report it as normal business income.