Sec.44AE clarification

This discussion clarifies the application of Section 44AE for a client in the goods carriage business during FY 2019-20. The client had total freight receipts of £866,000, with TDS deducted under Section 194C. The query is whether it's permissible to declare income of £481,000 under Section 44AE, even with only one pickup vehicle, and the potential implications of Section 143 intimation. The advice given is that declaring a higher income is acceptable, provided books of accounts are maintained.