Joint deduction for interest on borrowed capital u/s 24

Hi Everyone,

Can anyone advice me regarding the following point regarding Sec. 24 :

Say, a new flat is purchased in the joint name of 2 persons for which they have taken loan. Whether the interest amount on the borrowed capital i.e. say Rs. 3 lakhs can we deducted by both the joint owners upto limit of Rs.1,50,000.

Looking forward to provision based answers to my query.

Thanks & Regards

DEB