I have taken a joint home loan with my wife. But the hose is registered only in my name. My questions are
1. Can my wife claim claim tax benefit in a self-defined ratio or is there a ratio rule?
2. My house is let out and can we claim the full interest for tax savings
3. Is the principal savings is additional to other 80C savings like LIC. or should the total savings adding LIC home loan principal must be 100000. The house is let out .