Doubts on 80C Exemption on Housing Loan Principal

They will be entitled to deduction in the proportion in which payment is made by them. for eg husband and wife have jointly taken a loan in equal proportion and principal repayment of Rs 100000 is made by them, then each of them will be entitled to deduction of Rs 50000.

Dear Krishnan,

Both are eligible to claim the above loan payment
 

Deduction under Section 80C are allowed on payment basis. Hence exemption will be available to the person who has actually paid the housing loan principal. It is not necessary that they will get deduction in the ratio of ownership. The important point here is deduction will be allowed to the person who has actually paid the principal amount.

First of all 80C comes under deduction  not exemption as written in ur question .

If interest amount exceeds Rs1,50,000/- then both can claim benefit  u/s 24 for example if interest amount is Rs 3,00,000/- then both can claim  Rs1,50,000/- each (Self occupied property)

In respect  of 80C agree with shudhanshu