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deduction of Housing Loan

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(Querist)
04 November 2010 in case of joint ownership of house prop.(self occoupied) whether deduction of interest of rs.30,000 is permissible to each joint owner or Rs.30000 in all to all joint owners.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
04 November 2010 Joint owner, who is bearing the Interest payment, may take the deduction of interest for the amount paid by him. Other owner not making the payment , will not get the deduction.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
04 November 2010 Deduction allowable to the person paying interest to all coowners subject to limits u/s 24.
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