Assessee liable to equal tax on the income from house property where joint owner's shares are not mentioned in sale deed
Last updated: 17 February 2023
Court :
ITAT, Delhi
Brief :
The ITAT, Delhi in Smt. Shivani Madan v. ACIT [ITA No. 1642/Del/2020 dated January 5, 2023] has held that the husband and wife will have equal shares in the house property purchased by them as joint owners, wherein, the sale deed had been executed and the shares of co-owners is not specified. Further, the assessee would be liable to pay tax on the 50% of the income from house property.
Citation :
ITA No. 1642/Del/2020 dated January 5, 2023
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Bimal Jain
Published in Income Tax
Views : 218
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