Dear CCI Members,
Whether Sec 44 AD is applicable to Hotel business
what is Tax audit criteria for Hotel business
Thanks
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Tax audit
Replies (5)
/articles/critical-analysis-of-section-44ad-9048.asp#.UjMDx9Kw2gQ
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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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