House property
This query is : Resolved
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??
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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