Repayment of Principal and Interest Component of HB Loan

Prabeer (B. COM (H) CA & CS Final)   (5484 Points)

27 December 2010  

Suppose, Me (A) & my brother (B) have taken Housing loan and the Principal component repayable p.a. is Rs. 10,000/- and Rs. 40,000/- as Interest.

Query:- Can I be able to claim (solely) the whole of the sum payable as Principal repayment of Rs. 10,000/- U/S 80C and payment of Interest component of Rs. 40,000/- U/S 24(b)...??