Income tax on home/home loans

Current residential properties:-

1. House in which we live (gifted by parents)

2. Plot (un-build) gifted by parents

Now, my parents wish to give me 3rd residential plot (un-build) as gift

Questions:-

a) How will it effect my taxes (income tax and capital gains etc.) if I accept this gift?

b) If I decide to take this gift and take home loan to construct the plot , will I be able to claim TAX benefits of home loan?

c) I also have some FD's and savings account balance. Can interest paid on home loan be cancelled/deducted from interest gained from deposits (savings and FD) for purpose of Income tax?

Thank you all!