Co-Ownership question

Hi Sanath,

Yes she can claim Dep. u/s 32, as per sec 38 if assets are used partly for personal purpose and partly official purpose then propertionate dep. shall be allowed otherwise full dep can be claimed. In her case full dep. can be claimed if used for business purpose fully.

The husband cannot show the first property under income from HP as the co owner is using it under business profession and cliaming dep. on it, as for the secondproperty it can be showed under Income from HP.