Hospital rent Taxation
Kishore Nuthalapati (Accountant for multiple small entities) (171 Points)
24 May 2023We would like to separate hospital building from Hospital operations
Hospital building will be under proprietorship
Hospital operations under Company
from Company Every month we are Paying rent to wards Hospital building to Proprietor by deducting tds including GST
Please advise
is there any chance to get depreciation for building under proprietorship
instead of showing Hospital rent under income from house property
Thanks in advance