a hotel started its operation in F.Y 2010-11 applied for star rating. initially application for rating was turned down but later on its rating was granted in F.Y 2012-13. can the hotel take the benefit of section 35AD for A.Y. 2011-12 as well or will it be eligible to take benefit of section 35AD from A.Y. 2013-2014
Menu
Query on section 35ad
Replies (3)
The Hotel will be eligible to enjoy benefit from the year in which it got the 5-Star Rating.
Regards,
Devendra
| Originally posted by : Suyash Jain | ||
 |
a hotel started its operation in F.Y 2010-11 applied for star rating. initially application for rating was turned down but later on its rating was granted in F.Y 2012-13. can the hotel take the benefit of section 35AD for A.Y. 2011-12 as well or will it be eligible to take benefit of section 35AD from A.Y. 2013-2014 |
 |
how will the exemptions will be worked out... depreciaton for initial 2 years and then 100% allowance of capital expenditure or any other suggestion
can anyone tell me how and where to apply for rating of hotel...???
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
