Income tax exemption to newly constructed Hospital

Hi Experts

good morning

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
Replies (3)
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.

Not directly, but if under new startup.

Exemption u/s 10 can be availed provided your institution has been approved by Principal commissioner or commissioner of income tax.

In case of any further queries, kindly mail me at casoravgupta @ gmail.com

Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)

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

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