Income-tax Act, 1961

Section - 27 - “Owner of house property”, “annual charge”, 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