Individual, 2 vehicles turn over 1.3 crore , can opt 44ae?

Valerian Dsouza (Manager Audit & Taxation)   (413 Points)

15 September 2016  

An Individual owning 3 Hevay Goods Vehicles,

Also procures services of other goods transporters which may be more than 10  vehicles  in a year

Turnover in a Financial year 2015-16, Rs.1,36,00,000/-

(One Crore Thirty six lakhs) Can he Opt for Presumptive Taxation u/s. 44AE?

Thanks a lot for kind support!