I own a house co-owned by wife and that is rented out and we have a joint loan on that house. But all the EMI for that loan is paid from my account and I claim all the benefit on interest excemption. Can I split the rental income and add only 50% of rental income in my income and rest 50% in my wife's account and still claim 100% percent of interest excemption as EMI is paid from my account only?
CAclubindia
