44AD for lodging business?
This query is : Resolved
25 July 2011
dear sirs,
can we apply 44 AD even to a lodging business? (8% of gross rental receipts)
Because the wordings there in act is "any business other than flying, hiring motor vehicles"..
can we apply 44 AD even to a lodging business? (8% of gross rental receipts)
Because the wordings there in act is "any business other than flying, hiring motor vehicles"..
25 July 2011
Yes, you can easily claim u/s 44AD.
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