As per the presumptive taxation scheme of section 44AE, income of a taxpayer will be computed at the rate of Rs. 7,500 per goods vehicle per month or Rs. 1000 per ton of gross vehicle weight per month and in such a case can the taxpayer claim any further deduction income.

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..... normal provisions of the Income-tax Act, taxable business income will be computed after allowing deduction in respect of expenses which are deductible as per the Income-tax Act,1961 and after disallowing expenses which are not deductible as per the Income-tax Act, 1961. In case of a person who is opting for the presumptive taxation scheme of sections 44AE, the provisions of allowance/disallowance .....

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..... is higher. Part of the month would be considered as full month. (Applicable from A.Y 2019-20) Heavy goods vehicles means any goods carriage vehicle whose gross vehicle weight exceeds 12000 kilograms. Income computed at the presumptive rate as specified above will be the final income and no further deduction shall be allowed under sections 30 to 38 including depreciation and unabsorbed depreciati .....

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