Section 44AE of the Income Tax Act?

I have got the exemption under section 44AE of the Income Tax Act because I have chosen the presumptive exemption and got the deductions under section 80C.

You cannot claim any deduction according to Section 44AE of the Income Tax Act under Section 30-38. However, if you have chosen presumptive taxation, then you can get deductions and exemptions under sections 80C to 80-U. 

If you are a part of a partnership firm, you can easily claim a deduction and an exemption on the interest and salary paid to the partners. 

The eligibility criteria for the section 44AE are: 

• If you are a part of any business, like leasing, hiring, or using good vehicles. 
• If you don't have more than 10 good carrying vehicles, then you are eligible for presumptive taxation under section 44AE.