I am running a hotel business in my own building
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Can i avail 44ad of income taxlding
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| Originally posted by : Suja Krishnan | ||
 |
I am running a hotel business in my own building |  |
Yes You are eligible for 44AD under income tax act
and show income 8% or 6 % ( in case of receipt in Bank )
IF TURNOVER IS LESS THAN RS. 2 CRORES (INCLUDES RECEIPTS TO YOUR ACCOUNTS), THEN YOU ARE ELIGIBLE TO FILE UNDER 44AD
In case of receipt in bank means...All the income should be by bank.Can u pls elaborate?
Show Net Income below 8 % but not less than 6 %
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