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Income from property owned by co-owners - (New) Section 24 / (Old) Section 26

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Full Text of the Document

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....ed separately under this Part as per their respective share shall be included in their total income. (2) The relief available under section 21(6) shall be provided as if each co-owner is individually entitled to the said relief. Under Income Tax Act, 1961 [ Upto 31.03.2026 ] Section - 26: TREATMENT OF INCOME FROM CO-OWNED PROPERTY • If two or more persons, whose sha....