I have a query with regards to claiming Housing Loan exemption u/s 80C and Sec 24(b):
F.Y 2010-2011
There are 3 Co-owners and Co-borrowers of a Flat.
Out of which EMI is being deducted only from 1st Holders Bank account.
Now can all of the 3, claim exemption u/s 80C and Sec 24(b) in proportion 1/3rd Each.
F.Y 2011-2012
EMI is still being deducted only from 1st Holders Bank account.
Further all the 3 Pre-paid the Housing Loan in Part: Rs. 1,00,000/- each
Now can all of the 3, claim exemption u/s 80C - Rs. 1,00,000/- each
Please can anyone solve this Query?
Thanks in advance