6) Dear Sirs ,
Suppose a House Property is Co-owned (50%-50%) by husband & wife
and such House Property is ‘Let-out’ , i.e., given on rent.
And if the ‘INTEREST’ on Housing Loan –Rs.3,60,000 is paid entirlely (100%) by husband, during the current year , then should the Housing Loan Interest u/section 24 be
A) claimed by Husband fully as 3,60,000
or
B) claimed by Husband as Rs.1,80,000 and Wife as Rs.1,80,000
Kindly reply at the earliest
Thank you