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Section 44ad

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(Querist)
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
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Nilang

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Nilang (Expert)
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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