ITR filing in case you own multiple flats and pay EMIs for loans taken
I have a building consisting of three small independent flats. All the flats are let out to different tenants. For construction of this building a single construction housing loan was taken. I also pay single property tax for the entire house. If I use ITR-2, I will have to divide my home loan EMIs and property tax amongst all the three flats, which is not possible, because it is calculated as a whole. But, if I use ITR-1, I can easily include pre-moratorium interest, home loan interest, Property tax, etc., without having to break the same in three parts. I can also club rent for all the three flats. Can the building (with three flats) be treated as one house property so that I can use ITR-1 instead of ITR-2? (Name withheld)
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