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Benefits of LAP

This query is : Resolved 
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(Querist)
31 August 2025 I am a salaried employee with no business income. I have a Loan Against Property, which is used to buy property in the name of my name and in my wife's name.

As my loan is a LAP and not a Home Loan that too in my name -
Q1. Can my wife add the Loan Interest to cost of acquisition for her under-construction flat cost.
Q2. Another flat is fully constructed and is in my name. This flat is not on rent and I do not live in this flat - Can I claim the interest under section 24b and or 80EEA or add this to cost of acquisition

I am open to receive any other suggestion to reduce my tax liabillity
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 September 2025 Yes, if you can justify that you have used the loan amount in purchase of any HP.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
21 September 2025 Good luck....
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