Section 44ad applicability

Ramesh (articled assistant) (35 Points)

05 December 2016  
A person supplying generators on monthly rent basis to others - Should we mandatory disclose under the head Income from other Sources?? or can we apply section 44AD on presumptive, if the turnover is the below the threshold limit?? Can we consider it as a Eligible business to opt sec 44AD then do we have any supporting notes or case law for the same? Thank you.