Purchasing a resale property can offer several tax benefits under Indian tax laws. Buyers are eligible to claim tax deductions on the interest paid on a home loan under Section 24 of the Income Tax Act, up to a limit of INR 2 lakh per annum for a self-occupied property. Additionally, the principal amount repaid is eligible for deduction under Section 80C, up to a limit of INR 1.5 lakh per annum. These benefits apply to loans taken for buying resale properties, making it a financially attractive option for many.