Housing loan

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Prakash (Querist)
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13 May 2011 My brother and I both have taken housing loan jointly 50% each share.
But Interest and principal amount both clear from my bank accounts. So, my query is, can my brother get 50% deduction under 80c on principal amount and 50% deduction on interest amount? We confuse here because payment cleared from my bank account not my brother bank account.

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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13 May 2011 U BETTER TAKE CHEQUE OF UR BROTHER'S SHARE SO THAT HE CAN ALSO CLAIM THE DEDUCTION

CA MANOJ GUPTA
JODHPUR
09828510543

CA H M JOHARI

CA H M JOHARI (Expert)
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13 May 2011 FIRST THING THAT BOTH OF YOU SHOULD BE COOWNER OF THE HOUSE OTHERWIESE THIS DED NOT AVAILABLE.AND IF CO OWNER THAN U CAN TAKE 50% EMI PART FROM YOUR BRO AND CLIAM DED

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