is section 35 AD applicable only to companies....if not is it applicable to 3 star hotel started by a partnership firm....
thx....
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Section 35ad
Replies (2)
yes,, it is allowed to any assessee carrying on specified busines...!!!!specified business includes,,,
'building and operating anywhere in india, a new hotel of two star or above category ..such business should commence its operation on or after 1-4-2010'...
thx a lot mannu....i had one more doubt...itr 5 which is applicable for firms does not have the column for claimin the deduction...so under which column i need to claim the deduction...thx....
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