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Housing Interest limit

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(Querist)
03 March 2009 Me and my brother are co-owner of flat.
Housing Loan Interest is Rs.2,00,000/-, we are repaying the housing loan equally.
Can me and my brother take deduction of Rs.1,00,000/- each from Income from House Property U/S 24.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 March 2009 Yes both of you can claim Rs.1lakh each.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
03 March 2009 i agree with B.Chackrapani Warrier
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