Who is eligible to take advantage of the presumptive taxation scheme of section 44AE and which business is eligible for the presumptive taxation scheme of section 44AE?

Presumptive taxation eligibility for goods carriage operators subject to vehicle ownership cap and applicable to all person types.

The presumptive taxation framework under sections 44AE applies to every person and permits adoption of a simplified profit computation for persons engaged in plying, hiring or leasing goods carriages who do not own more than the statutory vehicle ownership cap at any time during the year; ownership beyond that cap renders the person ineligible for the scheme.