Housing Loan Interest

MURALIDOSS (INCOME TAX PRACTITIONER)   (1302 Points)

26 December 2019  

SIR,

A PROPERTY WAS PURCHASED BY THREE BROTHERS JOINTLY, AND IT WAS ALSO MORTGAGED WITH BANK FOR HOUSING LOAN, NOW THE BANK DEDUCT THE EMI FROM A SINGLE BROTHER'S ACCOUNT, WHEN CALCULATING HBA INTEREST AND PRINCIPAL , IT MUST BE DIVIDED BY 3 OF THEM RIGHT?