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Deduction under Sec 80C and Sec 24 for home loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 April 2010 I have purchased a plot and willing to construct a house on it. I have taken home loan for plot purchase and applying for construction loan separately. Can i get the Income tax benefit for complete loan amount (plot loan + house loan)? or only the construction loan would be considered?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 April 2010 yes.sec.24 & 80C deduction allowed for acqusition also
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