Tax audit

Others 1713 views 5 replies

Dear CCI Members,

Whether Sec 44 AD is applicable to Hotel business

what is Tax audit criteria for Hotel business

Thanks

 

Replies (5)

/articles/critical-analysis-of-section-44ad-9048.asp#.UjMDx9Kw2gQ

 

 

You can check out the link above, hope its useful... i Found the article to be really useful..

Yes it's also applicable on hotel industries

Hotel Business is eligible under Section 44AD. Refer below also :

 

Eligible business means:

Any business other than
 
1. Profession
2. General commission agent/ commission based agency business (w.e.f, A.Y.2011-2012)
3. Business of playing, hiring or leasing goods carriages
4. Whose turnover/gross receipt exceeds Rs 60 lacs/1 crore (From A.Y. 2013-2014)

Yes, Sec  44AD is applicable to Hotel Business.

Yes 44AD is applicable to all businesses except those for which separate provisions have been defined like 44AE 35AD etc


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