Housing loan exemption in case of Joint loans

If any share mentioned in the flat purchase agreement then that ratio or payment ratio will be preferred. It can also be mutually be decided between you both as you could also show the amount paid by the husband as paid on her behalf as loan to the wife and claim 50:50 interest & principal

According following is the answere: 1. Exemption will be claimed according to the fact & circumstances. For example: Suppose someone added her wife as joint holder only for the purpose of the loan eligibility criterial but the loan amount is paid by the him. Then in this case deduction will be allowed only to the person who is paying the laon amount (irresepective of the fact that loan is taken on joint name) Its all depend upon who is actually paying the laon amount. Cheers...