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Deduction for Housing Loan interest and Principle

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(Querist)
21 March 2009 Myself and my wife, both are working, have applied for a housing loan with LIC. The property will be in joint name. Who can claim deduction under Income Tax Act for the interest and principle repayment of the loan. Please advice.
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
21 March 2009 BOTH CAN CLAIM INTEREST DEDUCTION PROVIDED LOAN IS IN JOINT NAME.

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