F&O turnover

A trader's ten F&O trades in a year closed with these profits and losses (₹): +18,400, −9,200, +6,500, −15,300, +22,100, −4,800, +3,900, −11,600, +27,500, −7,300. Three of the trades were short options, on which premiums of ₹41,000, ₹26,500 and ₹33,800 were received. (a) Compute the net profit and the turnover by (0.7). (b) Compute the turnover under the older reading that added the premium on options sold separately. (c) Is a tax audit required under the turnover limb? Is the profit above 6% of turnover?