Hospital rent Taxation

Kishore Nuthalapati (Accountant for multiple small entities)   (171 Points)

24 May 2023  
Hi Sir/Madam

We 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