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 Topics :
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
Related Topics :
CAclubindia
