In case the property is owned by co -owners and it is self-occupied by all co -owners. The annual value of such house property ____________

Question

Quizplus · Accepted Answer

For each co-owner, the annual value of a self-occupied property is considered to be nil. This is because the Income Tax Act allows for a self-occupied property to have a nil annual value, which applies to each co-owner's share in the property.

In Case the Property Is Owned by Co -Owners and It