Thanks vpbs_bak and jackalbda for the clarification.
Do they differentiate the loan amount into plot+house for tax benefits.
The reason i am asking is, suppose i want to buy a plot which costs 50 lakhs and just to claim tax benefit, i will construct a small 1 BHK house for 10 lakhs (construction ...

Hi,

I have a doubt regarding the loan taken for buying a BDA site.
1st scenario:
Suppose, I buy a BDA plot for 30 lakhs and take a loan of 25 lakhs. Can I claim tax benefits on the Interest and principal?
2nd scenario:
Suppose, I buy a BDA plot for 30 lakhs and take a combined loan for plot ...