Country Club India Ltd: Should Give a Decisive Break-out Shortly
CMP: Rs.6.64

The Country Club India, is a massive clubbing entity and is on a growth path. The target to widen the horizons into the international scene started with Dubai. As a pioneer in the family clubbing and entertainment segment from more than a decade in India, Country Club India has the credit of several sprawling properties that showcase the luxury and finesse in hospitality and comfort for its members all over India and abroad.
The figures speak for themselves, Country Club India has 55 own properties, has 175 franchised establishments and over staggering 4000 affiliations all over the world. 

A Guinness World Record is being set across 20 clubs by lighting maximum number of candles simultaneously supporting the Earth hour across India and the Middle East. The company invited all to take part in this massive event and support the cause by heading to the nearest Country Club in the city, CLICK HERE. The company said all the participants will receive participation certificates that they were a part of the Guinness event during the Earth Hour.

The Union Budget, 2012-13 and Hospitality Sector:  Neutral to Slight Positive:

(i) The Cascading taxes has been reduced significantly by permitting utilization of input tax credits in a number of services such as catering, restaurants, hotel accommodation, pandal and shamiana and transport sectors.
(ii) The food preparations containing fruits and vegetables falling under chapter 20, which are prepared and served in a hotel, restaurant or retail outlet whether or not such food is consumed in such hotel, restaurant or retail outlet is being fully exempted from basic excise duty.
(iii) At present, there is 100 per cent deduction (investment-linked) available under section 35 AD is allowed to an assessee engaged in the business of building and operating hotel whereby the deduction can only be granted to the owner of a hotel if he himself operates. However, it is proposed in the current budget that while continuing to own the hotel, he can transfers the operation of such hotel to another person (Franchise) and the assesse shall be deemed to be carrying on the specified business of building and operating a hotel. This amendment will take effect retrospectively from 01st April 2011 and will accordingly apply in relation to the assessment year 2011-12 and subsequent assessment years.
(iv) The travel industry is expected to benefit as the dual structures of maximum service tax of Rs 150 and Rs 750 in case of economy class travel is being replaced by an ad volrem rate of twelve percent with abatement of sixty percent subject to the condition on inputs and capital goods taken. This expected help the rise in demand for the hospitality sector. 
(iv) However, the increase in service tax from the 10% to 12% will have some impact on the sector.
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