Interest on Borrowed Capital is allowable to both Husband & Wife as per Percentage of the Ownership as 70:30 as case may be then dedcution will be in that Proporation and Rs. 150000/ whichever is lower
2-If Property is Letout Interest on Borrowed Capital is allowable to both Husband & Wife as per Percentage of the Ownership as 70:30 as case may be then dedcution will be in that Proporation and Rs. 150000/ or whichever is Higher
Means in the Case of Letout Property you can claim actual Interest Accrued or Paid.