hi,
three brothers are joint owner of Land, now they want to construct commercial property for the purpose of letting out. will it be considered as joint ownership development or AOP?
in case of AOP, income tax treatment will be different, ?
is it possible to show all expenses in equal proportion and all income in equal proportion in individual and to show as one third asset in each individual file?
( share of all three brother is equal)
thanks
amit dhanuka
9886274938
