Friends, Please advice on how much Interest on house loan and Principal amount can be considered here.
- Second Aprt. Registered in Oct 2012.
- Co-owner and Joint Home Loan. between myself and my husband.
- Paid 1.46L as Interest and 46K as Principal this financial year.
- No rental income yet.
- We can assume 50%:50% share even though no where writen explicitly.
For income tax purpose, myself and my husband can we both claim 1.46 L as Interest on Home Loan and 46K as Principal amount or we should just considered 73K ( 50% ) as Interest on Home Loan and 23k as Principal Amount
Thanks