Anuj Ji,
Under section 44AE An assessee engaged in plying, hiring, or leasing of goods carriage& Assessee owned not more than 10 vehicles during previous year. Then this provision sall be applicable. Under this provision u may declare presumptive income of assessee. It is applicable on all assesee even if they are resident or not.
In ur case u can assess income of above business in sec. 44AE including company. Further no deduction would be allowed us 30 to 38. however in case of partnership, further remuneration, interest(us 40b, 184,185) shall be allowed.