08 April 2014
It will b divided equally among all the owners whether there r two owners or 100. If other have no taxable income then its ok they need not have to pay tax.
08 April 2014
If there is a relation among the partners then clubbing is possible. Like If Father & son r joint owners then son's interest(if taxable income is below slab rate) will b clubbed in fathers Account.
08 April 2014
Firstly remove CA in front of ur name. U r not able to understand a small thing. If he is not filing then its ok. But it will not clubbed to ur income.
I think this is clear now. And if not I m unable to reply more..
CAclubindia
