Hi,
If someone has borrowed Rs 35 Lacs for acquiring a house property jointly with his wife and repayments are to be made through joint account, please let me know if both the individual and the wife will be eligible for a max deduction of Rs 150,000 each or Rs 75,000 each for the interest part (if share is defined as 50:50) as I get almost equally divided opinions on this subject
Thank you.
CAclubindia
