Income from property owned by co-owners [ Section 26 ]

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..... e persons, whose shares are DEFINITE and ASCERTAINABLE , own property then the income from such property cannot be taxed as income of an AOP. If the house property owned by co-owners is self-occupied .....

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..... the income so computed shall be apportioned amongst each co-owner as per their definite share. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management Indi .....

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