SECTION 26 PROPERTY OWNED BY CO-OWNERS
Updated: Oct 7, 2022
The share of each owner in the property's income as calculated in accordance with sections 22 to 25 shall be included in the owner's total income when the property consists of buildings or buildings and lands attached thereto and is owned by two or more people, and their respective shares of the property are definite and ascertainable.
Explanation- For the purposes of this section, when applying the provisions of subsection (2) of section 23 to determine each of the people mentioned in this section's share, the share shall be determined as though each of the people mentioned in this section was individually entitled to the relief provided in that subsection.
 Indian Kanoon (Section 22 of the Income Tax Act)- https://indiankanoon.org/doc/1623255/  Indian Kanoon (Section 25 of the Income Tax Act)- https://indiankanoon.org/doc/1226169/  Indian Kanoon (Section 23 of the Income Tax Act)- https://indiankanoon.org/doc/1218766/