Income-tax Act, 1961
Section - 27 - “Owner of house propertyâ€, “annual chargeâ€, etc , defined
"Owner of house property", "annual charge", etc., defined.27. For the purposes of sections 22 to 26-
| (i) | - | an individual who transfers otherwise than for adequate consideration any house property to his or her spouse, not being a transfer in connection with an agreement to live apart, or to a minor child not being a married daughter, shall be deemed to be the owner of the house property so transferred; |
| (ii) | - | the holder of an impartible estate shall be deemed to be the individual owner of all the properties comprised in the estate; |
| (iii) | - | a member of a co-operative society, company or other association of persons to whom a building or part thereof is allotted or leased under a house building scheme of the society, company or association, as the case may be, shall be deemed to be the owner of that building or part thereof; |
| (iiia) | - | a person w .... To read the full section download the app from Google Play store
24 October 2026
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