Section 44ad
This query is : Resolved
06 March 2013
SIR PLEASE TELL
IF MR.A MR. A GIVES HIS HOTEL TO MR. B ON RENT OF RS 50LAKS P.A.
SIR CAN MR.A OPTS FOR PRESUMPTIVE TAXATION U/S 44AD???
THANKS IN ADVANCE
IF MR.A MR. A GIVES HIS HOTEL TO MR. B ON RENT OF RS 50LAKS P.A.
SIR CAN MR.A OPTS FOR PRESUMPTIVE TAXATION U/S 44AD???
THANKS IN ADVANCE
08 March 2013
No ,Since there is rental income it would be taxable under the hear income from house properties and section 44AD would not be applicable.
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