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Income Tax - Highlights / Catch Notes

Home Highlights April 2012 Year 2012 This

TDS on rental -fifteen co-owners - each of the co-owners has a ...


Fifteen Co-Owners in TDS Dispute Over Rental Income; Section 26 Ensures Individual Tax Assessment, Not as a Group.

April 12, 2012

Case Laws     Income Tax     HC

TDS on rental -fifteen co-owners - each of the co-owners has a definite share in the building - Section 26 of the Act provides that where property consisting of buildings or buildings and lands appurtenant thereto is owned by two or more persons and their respective shares are definite and ascertainable, such persons shall not in respect of such property be assessed as an association of persons - HC

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