Tax Rebate on interest paid for two flats?



I have purchased two attached/connected (registered seperately) flats at west bengal after taking loans from two different banks. none of the flat is put on rent. I am working in faridabad, other than the town my flats are setuated. can the interest paid for both the loan be deducted from my salary for tax calculation? As no income is really realised from rent from the second flat, how to calculate the income from house property? please suggest me the best possibile option to save the tax on account of income from house property.

Tax Rebate on interest paid for two flats?
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3 Replies to “Tax Rebate on interest paid for two flats?”


  1. Interest paid on one flat can be set off for the tax calculation. You cannot deduct the interest paid for both the flats.
    As yours is a complicated case, without complete details regarding your salaried income, income from other sources etc and your investments.
    I would suggest you to consult a C.A.


  2. if your flats are one residential unit (or say connected to each other not seperate) then you can claim the interest on both the flats. you are working elsewhere even then you can claim the interest. [email protected]





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