Land lease
This query is : Resolved
29 October 2015
please help.me out with this .I am opening a school for which I have formed a trust. I have the land in my mother's name.what I am planning as property in the name of trust is a delicate issue I am planning to lease the land to the trust and where there will be a lease agreement between trust and my mother where she will get lease rent.also as the land will be leased to trust and as the trust does not have any funds to construct the school building in the lease agreement there will be a clause that owner of the land will construct the school building for the purpose of the school and against which he will get rent as agreed upon and there will be a separate rent agreement renewable yearly between the trust and the owner .so the land owner will get lease rent as well as buildind rent and there will be no property in the name of the trust. Is this process OK as per laws .I am in a deep fix .Please advice me
thank you
29 October 2015
Trust can take on rent land and building for running school. There can be no property in the name of the trust.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Error in uploading Form 10BD
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- ITC BENEFIT ON BROKRAGE PAID
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
