44ad

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ARUN BHALLA (Querist)
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21 November 2014 is it possible to file a return under section 44ad in case of a hotel..owned by a partnership firm

Bhaskaran Chackrapani Warrier (Expert)
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21 November 2014 Hotel is an 'eligible business'. Partnership firm is an 'eligible assessee'. Hence 44AD can be opted if the assessee so wish.

Amol S Joglekar (Expert)
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21 November 2014 Yes, if the hotel is satisfying the limit of turnover as specified u/s 44AD, it can very do so.

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