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interest on loan

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(Querist)
15 September 2010 suppose a house is self occupied by 3 persons. they had also taken loan for this house & interest is rs. 800000 p.a.

now my questions are

1. what will be the deductible amount of above interest if all 3 persons have equal share in house &

2. what will be the deductible amount of above interest if there is no specific share in house.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 September 2010 1. Max 150000 each to all three

2. It should be in some ratio to justify claim of interest.

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