Dear CCI Members,
Whether Sec 44 AD is applicable to Hotel business
what is Tax audit criteria for Hotel business
Thanks
5 Replies
dheeraj jain
(Articled Assistant)
(37 Points)
Replied 13 September 2013
/articles/critical-analysis-of-section-44ad-9048.asp#.UjMDx9Kw2gQ
You can check out the link above, hope its useful... i Found the article to be really useful..
CA C. P. SARDA
(INCOME TAX)
(342 Points)
Replied 13 September 2013
Yes it's also applicable on hotel industries
Ritzz
(CA Final - Article )
(365 Points)
Replied 14 September 2013
Hotel Business is eligible under Section 44AD. Refer below also :
Eligible business means:
Any business other than
1. Profession
2. General commission agent/ commission based agency business (w.e.f, A.Y.2011-2012)
3. Business of playing, hiring or leasing goods carriages
4. Whose turnover/gross receipt exceeds Rs 60 lacs/1 crore (From A.Y. 2013-2014)
Sweety sharma
(article assistant)
(107 Points)
Replied 14 September 2013
Yes, Sec 44AD is applicable to Hotel Business.
YOGESH jangid
(Director)
(24 Points)
Replied 14 September 2013
Yes 44AD is applicable to all businesses except those for which separate provisions have been defined like 44AE 35AD etc
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