44ad
This query is : Resolved
ARUN BHALLA
(Querist)
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.
Amol S Joglekar
(Expert)
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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