Housing loan interest payment deduction

Pawan (Manager) (30 Points)

25 December 2016  

A person has taken a housing loan of Rs.70 Lac . Loan has been approved clubbing 3 IT files (A=(Father),B=(Son),C=(Mother)) but the registration of housing property has taken in the name of Mr. A. Will all the three A,B,C will get deduction of interest paid on housing loan and if all three should get how to show the repayment of loan to bank . As the emi is being paid by mr.a . So please suggest best way out so that all the 3 files can obtain the benefit of interest deduction of house loan and how to make the repayment .