06 September 2010
we are two brothers. we want to take a homeloan. i want to ask a query regarding treatment of deduction of interest & repayment of principal if we pay the loan combindly suppose in proportion of 50% 50%
can we both claim the deduction in income tax in above proportion??
please reply me as early as possible so that i can plan the housing loan.
also make me understand what is to be done to take this benefit????