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Income tax & others taxes

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Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2016 if a owner of a proprietor hospital ( Senior Citizen ) want to get Reid of the responsibility but don't want to lose interest in the land & building as the same was build by his forefathers
What options are available with him..like sale , rent , royalty..etc..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 February 2016 Renting out the hospital is the best option.

Querist : Anonymous

Querist : Anonymous (Querist)

09 February 2016 How about Sale of goodwill & renting of immovable property???
then responsibility will also be transferred and rent income will also accrue to them along with capita receipt for goodwill for use of there them...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 February 2016 Yes they can opt for it..

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