House property

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Swargodeep (Querist)
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12 March 2014 In case of co-owners who enjoys 50% of share, is required to calculate the income of HP as whole and divide equally b/w them?? eg. A house property has 2 owners as co- owners and they have let out there own portion. Suppose the portion of one owner is vaccant for 2 months. So in this case is the income frm Hp remains equal for both the owners??

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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12 March 2014 The income is to be distributed equally among the joint owners. Even when the property is vacant for a part of the year, the income will be equal for both the owners.

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