Can interest on plot loan be added to total purchase cost?

No, not allowed under head capital gains.

@ sabyasachi Sir not sure how obvious, another reply to my question suggests that I can't. 

CAN YOU EXPLAIN

Hey there! Congratulations on your recent plot purchase – that's a smart investment move! Now, when it comes to taxes and selling the land, it's a bit of a mixed bag. The good news is that yes, you can indeed adjust the profit made from the sale with the interest paid on your land loan, but there are some caveats. Firstly, you'll be allowed to deduct the interest on the land loan as a business expense. Since your intention is purely for investment purposes, it's considered a business expense. However, there are specific rules and limits on how much you can deduct, especially related to land loan interest rates. So, it's crucial to consult a tax expert or accountant who can guide you through the process and help you maximize your deductions. Additionally, the profit you make from selling the land is typically subject to capital gains tax. The exact amount and rate may vary depending on how long you've held the property and the tax laws in your area. It's also important to note that while you can offset your profit with the interest paid, it doesn't necessarily mean you'll completely eliminate your tax liability. Again, seeking professional advice to navigate these waters is a wise move to ensure you're optimizing your tax benefits while staying within the legal boundaries. Happy investing! 🏡💰