How can I minimize tax on rental income?

As per the provisions of Section 26 of the Income-tax Act, 1961, if the property is owned by two or more persons and their respective shares are definite and ascertainable, share of each such person shall be included in their respective income tax return

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.