Could some one please advise if there is any tax holidays for a newly constructed hospital in hyderabad urban area as per income tax act
Thanks in advance
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Quick Summary
This discussion explores the possibility of income tax exemptions for a new hospital in Hyderabad. While direct tax holidays aren't explicitly mentioned, exemptions under Section 10 might be available if the institution receives approval from the Principal Commissioner or Commissioner of Income Tax. The query also touches upon potential exemptions when converting a proprietor-run hospital to a private limited company.
Sir the hospital initially running as proprietor entity they want to convert this as a private limited company in fy 2023-24 is there any exemptions please advise thanks in advance