can the interests on housing loans for two seperate flats be claimed u/s 24

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  1. MADHUSUDAN BHUI

    MADHUSUDAN BHUI New Member

    i have puchased two flats, one in my name and another in my wife's name. But housing loans taken in my name for one flat and for another flat jointly in my name & my wifes name, as I am the sole earner in our family. EMIs are deducted from my bank salary a/c for both flats Thus can I claim deduction of income for the interests on housing loan for 02 flats u/s 24 IT ACT.
     
  2. sai tejesh(ca.final)

    sai tejesh(ca.final) Active Member

    No.
    You can't claim deduction u/s 24 for both flats.
     
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