Joint Home Loan

Mr. Pradeep

Yes, you can claim the deduction on Interest & principal amount..But you must take the certifate from bank for th payment of payment & interest amount.

Please evidence beneficial ownership of property in your name also. Even if you have property in wife's name for convenience, show it as your beneficial ownership and file the Income From House Property and Wealth Tax in your name only and not in wife's as she has not received the property for adequate consideration.