Section 24 of Income Tax Act, 2025 : Property owned by co-owners.

(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.