Can a person who owns more than 10 goods vehicles adopt the presumptive taxation scheme of section 44AE?
The presumptive taxation scheme of ​ sections 44AE can be adopted by a person who is engaged in the business of plying, hiring or leasinggoods carriages and who does not own more than 10 goods vehicles at any time during the year.

The important criterion of the scheme is the restriction of owning of not more than 10 goods vehicles at any time during the year. Thus, if a person owns more than 10 goods vehicles at any time during the year, then he cannot take advantage of this scheme.​