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Section 35ad

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Querist : Anonymous

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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?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
19 January 2013 Yes it can do so and enjoy benefits U/s 35AD.
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It has to maintain records of specified business as if a separate undertaking of the company.
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