It means property jointly owned  by more than one co-owners


How to Compute Income

Computation of Income from house property depends upon whether House is Self Occupied or Rented a s shown below:


Co-owned Property - Special Cases




Municipal value 1500000
Fair Rent 1800000
Standard Rent 1200000
Actual Rent 2000000
 Municipal taxes paid 0
Interest Paid


Property is Coowned by A and B

  1. Income Tax
  2. Income From House Property

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.