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
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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 | ||
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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 |
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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...???
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