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Exemption for home loan

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08 June 2016 Dear Sir
Wife and Husband has taken Home loan for Two Houses on Joint Account Principal and Interest are as follows.
House1 House - 2
Interest - 204539 189484
Principal - 58069 37076

How much we will give exemption for Interest and Principal

08 June 2016 Exemption will depend upon share of ownership in property. If both houses is co-owned by husband and wife, interest and principal will be divided on that ratio.

08 June 2016 for both houses we have divided


08 June 2016 For both houses, claim deduction of interest and principal on respective ITR.



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