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Two Residential House in same two brother name as co onwer

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(Querist)
17 August 2008 whetehr two residential house held by two brother as co owner will be eligible for interest payment on income from house property and for the same matter eligible for 80 C deduction.

the question is on the light of the fact that each brother can saw separate residence as SOP.
please guide as tax planning tool








umesh
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
17 August 2008 Yes. Each can claim, provided each one pays out interest from out of his taxable income.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
17 August 2008 Yes. Mr.S. Srinivasaraghavan is right
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