Yes, you can include the cost of the land purchased for building a new home when calculating benefits under Section 54 of the Act. This means that when you're determining exemption benefits related to constructing a new house, you can take into account the cost of the plot as part of the calculation according to CBDT Circular no. 667, dated October 18, 1993.
Am I eligible to include the cost of the plot for my new house while calculating my exemption benefits?
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