Dear CCI Members,
Whether Sec 44 AD is applicable to Hotel business
what is Tax audit criteria for Hotel business
Thanks
Menu
Tax audit
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
Recent Topics :
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
Related Topics :
CAclubindia
