My spouse and I jointly own a house in which both of us have invested equally out of independent sources. Can the rental income received be split up between us and taxed in the individual hands?

My spouse and I jointly own a house in which both of us have invested equally out of independent sources. Can the rental income received be split up between us and taxed in the individual hands? https://www.taxtmi.com/manuals?id=4070 Rental income from a jointly owned house may be taxed in the individual hands of co-owners where each co-owner's proportionate share of ownership and entitlement to income is ascertainable; the ascertainability of each owner's share is the operative condition for separate taxation. en-us Sat, 23 Dec 2023 13:12:00 +0530 Sat, 23 Dec 2023 13:12:00 +0530 TaxTMI RSS Generator My spouse and I jointly own a house in which both of us have invested equally out of independent sources. Can the rental income received be split up between us and taxed in the individual hands? https://www.taxtmi.com/manuals?id=4070 Rental income from a jointly owned house may be taxed in the individual hands of co-owners where each co-owner's proportionate share of ownership and entitlement to income is ascertainable; the ascertainability of each owner's share is the operative condition for separate taxation. Manuals Income Tax Sat, 23 Dec 2023 13:12:00 +0530 https://www.taxtmi.com/manuals?id=4070