44AE under IT Act

whether to applicability of sec 44AE ownership of vehicles is mandatory by assessee.
Replies (2)
Quick Summary
This discussion clarifies the applicability of Section 44AE of the Income Tax Act concerning vehicle ownership. It confirms that individuals owning fewer than 10 trucks can opt for this presumptive taxation scheme. The consensus is that ownership of these vehicles is a key factor for eligibility under Section 44AE.

Yes , Less  than 10   vehicles (Trucks)  owner   can opt  for  Sec44  AE  of the I T act . 

Agree with prasad

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