Respected seniors, greetings
I am trying to get financial assistance from a bank for constructing a primary school building.
For it I have to get diverted my agriculture land into commercial one.
Now I need your valuable guidance that
1. should I first get it diverted and then transfer to my trust
or
2. should I first transfer it to trust then get it diverted (my trust is also involved at environmental issues).
or
3. should I first get a little agriculture part diverted then transfer in my trust name the complete agriculture land including small diverted part.
Please guide me what is the best solution?If any other please mention.
Regards and Thanks
Second option would be economical, provided agricultural land gets transferred to Trust.
CAclubindia
