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Income from Co-owned Property - (Sec. 26)

Income Tax - House Property Income - 06 - SEC - 26: TREATMENT OF INCOME FROM CO-OWNED PROPERTY If two or more persons, whose shares are DEFINITE and ASCERTAINABLE, own property then the income from su .....

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ach co-owner shall be entitled to a deduction of 30,000 or 2,00,000 on account of interest on borrowed capital separately. Where the house property owned by co-owners is let out, the income from such .....

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