Home loan in case of joint ownership: If the mortgage is taken out for the purpose of buying, building, renovating, renovating, or renovating, interest is allowed under section 24 of the Income Tax Act of 1961. However, if the property is owned by a co-owner, the Home Loan Interest deduction is allowed if the property is jointly owned with each of the co-owners. Income Tax Regulation: Under section 24 of the Income Tax Law, the maximum amount of interest allowed in the case of own property is Rs 2,00,000 per co-owner, subject to…