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Exemption U/s 80C & 24

This query is : Resolved 
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(Querist)
22 September 2009 I want take a home loan in the joint name with my brother in equal proportion can we both claim the exemption from income tax for the repayment of principal and interest paid by both of us.

in future if we want to change the loan proportion can we do so.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
22 September 2009 yes both of u can claim deduction and also u can change it in the following year
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
22 September 2009 yes both of u can claim but in Proportional ratio
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