Tax assessment for hotel business
Querist :
Anonymous
(Querist) 03 November 2011
This query is : Resolved
Hi,
I am planning to start a hotel registered in my wife's name.She is a house wife.
I would like to know what are different kinds of taxes which are required to be paid during the operation of hotel. Kindly give details on the income tax structure and exemption for hotel businesses and what are different ways of saving the tax.
rgds,
Gayan
A V Vishal
(Expert) 03 November 2011
Your query is incomplete as to what exactly you intend doing. Since Hotel has wider definition and various activities like running restaurants, bar and boarding and lodging etc...constitute the services. Further it is advisable to have a one to one discussion with a local Advocate/C.A specializing in setting up of businesses, so that you can have a clear idea as to what are the rights, duties, responsibilities and implications.
