44ad
This query is : Resolved
21 November 2014
is it possible to file a return under section 44ad in case of a hotel..owned by a partnership firm
21 November 2014
Hotel is an 'eligible business'. Partnership firm is an 'eligible assessee'. Hence 44AD can be opted if the assessee so wish.
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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