Which out of the following is not considered as deemed owner of property as per section 27:

CS Executive · Tax Laws and Practice · PYQS · June 2021
Which out of the following is not considered as deemed owner of property as per section 27:
(A) Member of a co-operative society
(B) Person in possession of a property
(C) Person having right in a property for a period not less than 15 years
(D) Holder of an impartible estate

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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