Tax Exemption On Electric Vehicles. This tax exemption on electric vehicles is allowed for the interest paid on the loan taken but not on repayment of the loan. In addition to these exemptions, the electric.
The government of india wants to promote the use of electric vehicles in india and to do so, they have added a new section for income tax deduction, 80eeb. Explore the benefits of section 80eeb, providing a deduction for interest paid on loans for electric vehicles (evs).
The Government Of India Wants To Promote The Use Of Electric Vehicles In India And To Do So, They Have Added A New Section For Income Tax Deduction, 80Eeb.
1,50,000 under section 80eeb on the interest paid on loan taken to buy electric vehicles.
You Get A Deduction Of Rs.
ยท the actual amount of interest paid on the electric.
A Deduction Of Up To Rs 1,50,000 For Interest Payments Is Available Under Section 80Eeb.
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The Person Can Claim โน1.5Lakhs Under The Law.
Under section 80eeb of income tax, a tax deduction up to rs 1.5 lakh is available on.
According To The Union Budget 2019, The Government Of India Is Offering A Tax Exemption For The Purchase Of Electric Vehicles, Applicable To Both Four And Two.
For business usage, individuals can get the tax benefit for electric cars.
The Ev Policies Include Monetary Subsidies On Ev Purchases, Exemption From Road Tax, Vehicle Registration Fees, And Low Loan Interest Rates On Ev Purchases;