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Home > Income Tax Act 2025 > Section-24Last Updated: Feb 20th 2025

Section-24 : Property owned by co-owners.

Section-24 provides for taxability of co-owners of the property with definite and ascertainable shares. Learn to understand the section-24 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

New Income Tax Act 2025 Portal

1. Section-24 as per act

  1. For property co-owned with definite and ascertainable share, the co-owners shall not be assessed as an association of persons and their income computed separately as per their respective share under this Chapter shall be included in their total income.
  2. The relief available under section 21(6) shall be provided as if each co-owner is individually entitled to the said relief.

2. Help and useful links for Section-24

  1. Income Tax Help Center
  2. Income Tax Act 2025 Home
  3. Income Tax on House Property Guide & FAQs
  4. A Guide on House Property Income Tax Savings
  5. How to declare Income from Salary & House Property?
  6. When to consider rental income as business income?



How to get help from EZTax.in



Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.