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deduction under section 80C regarding home loan repayment

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(Querist)
26 December 2009 Dear Sir/ Ma'am,
I have a Joint property in my n my wife's name.
Loan is on my name.
Can both of us claim 50% deduction for both the principal as well as the interest part.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
26 December 2009 Loan should have been to joint name also. So only u will be able to claim the deduction
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CA H M JOHARI

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CA H M JOHARI (Expert)
26 December 2009 Loan as well as repayment should be made by both of u by Joint Account or any other mode by 50% each
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
27 December 2009 agree with both experts

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