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Is a Plot/Site loan eligible for tax exemptions under home loan category?

Hi,

    Is a Plot/Site loan eligible for tax exemptions under home loan category?

I intend to purchase a site and construct a home later – say after 5~6 yrs from now.

I will not go in for a composite loan as it has the conditions of starting construction in 18 months.

Kindly advise.

Regards,

Kunal

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