Dear Sir / Madam
We had a flat in Pune purchased in year 2007. On property agreement my wife's name is as co onwer. However shares of each is not been mentioned in the property papers.
My wife is housewife and she has no income source. The home loan certificate from bank also shows her name as co applicant for loan.
Now I would like to know whether I am eligible to claim 100 % tax benefit against my salary ? i.e. Interest deduction upto 1.5 lacs and principal upto 1 Lacs (under 80 C).
However as per the employer I am eligible to get only 50 % of the tax benefit as wife is co onwer. He says there is nothing mentioned in the agrrement about the shares of property.
Is there any legal document, law notification available under section 24 which will be easy for us to convince our employer in this regard.
Your help in this regard is required