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Regarding applicability of presumtive scheme u/s 44ae

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(Querist)
27 June 2023 T/O OF ASSESSEE EXCEEDS 1CR, WHETHER HE CAN OPT FOR PRESUMTIVE SCHEME OR NOT??
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 June 2023 Assesses can opt for sec. 44AD IT act, till aggregate turnover up to Rs. 2 Crs.
For Sec. 44AE IT act, there is no turnover criteria, you can opt it till 10 goods vehicles.

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