When share of each co-owner in a house property is not definite, the income from such property shall be

CS Executive · Tax Laws and Practice · PYQS · December 2015
When share of each co-owner in a house property is not definite, the income from such property shall be
(A) Taxed equally
(B) Exempt from tax
(C) Taxed as association of persons
(D) Taxed as body of individuals.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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