Section 35ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2013
If any company who is engage in traveling business opens hotel in India then whether it can enjoy benefit u/s 35AD?
19 January 2013
Yes it can do so and enjoy benefits U/s 35AD.
.
It has to maintain records of specified business as if a separate undertaking of the company.
.
.
It has to maintain records of specified business as if a separate undertaking of the company.
.
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