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Co owner property in ITR

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Tapas Samadder

313 Points Posted on 21 July 2023

Dear Sir, I have a co-owner property (in the name of spouse). where I
declare this property, In ITR of husband or wife, both file ITR

Replies (3)

Quick Summary

This discussion clarifies how to declare a co-owned property in your Income Tax Return (ITR), even if you are not receiving any rent from it. While co-owners who receive rent must declare 50% of it each, the process for declaring the property itself when there's no rental income is also addressed. The advice suggests checking your inbox for further assistance on this matter.

CA Aakarsh Jain

4330 Points Posted on 21 July 2023

If you both are co owners and receiving rent, then 50% of it will be taxable separately in both of you. Also, if you need any help , please check out your inbox.

Tapas Samadder

313 Points Posted on 22 July 2023

Dear sir, we not received rent, I want to know that where and how declare this property

Aashok Kumar Sharma

Finance/Compliance Consultant

75663 Points Posted on 08 November 2026

Co-owned with the spouse:

• For a property co-owned with your spouse, each co-owner reports their share of income (Sec 26) in house property (if let out), or as self-occupied (nil annual value).

• If you funded your spouse's share (gift), income on her share is clubbed with yours (Sec 64(1)(iv)).

• Schedule AL (if income exceeds Rs 1 crore): report your share (cost of your share).

• Home loan interest: each co-owner and co-borrower claims their share (up to Rs 2 lakh each for self-occupied, old regime).