Repayment Of Loan Deduction

Shubham Singhania (Student CA Final ) (293 Points)

19 June 2017  
I have a query
Suppose an individual has taken joint loan(in his name and name of spouse) for a joint house (that too is co owned)
The deduction of loan will be allowed 50 %- 50%

Can anyone out of co owners claim higher amount to reduce tax burden