Deduction Electric Vehicle. Should you choose to buy an ev with the help of a loan, you can avail of deductions up to a maximum of rs. In 2019, the government announced tax benefits under the new section 80eeb.
Section 80eeb is a provision where you can claim deduction on interest for the purchase of an electric vehicle. The following conditions have to be fulfiled in order to claim deductions up to inr 1.5 lakhs in section 80eeb of the income tax act:
You Get A Deduction Of Rs.
Section 80eeb is a new section added to the income tax act of 1961 and introduced by the indian government in the union budget 2019.
Should You Choose To Buy An Ev With The Help Of A Loan, You Can Avail Of Deductions Up To A Maximum Of Rs.
Mr adeduction u/s 80eeb for interest payable on loan taken for purchase of electric vehicle [rs 20 lakhs x 10% = rs 2,00,000, restricted to rs 1,50,000, being the.
Section 80Eeb Gives Tax Deductions Of Up To โน1,50,000 On Interest Paid On Loan Amount On The Purchase Of Electric Vehicle.
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However, It Must Be Kept In Mind That The.
Mr adeduction u/s 80eeb for interest payable on loan taken for purchase of electric vehicle [rs 20 lakhs x 10% = rs 2,00,000, restricted to rs 1,50,000, being the.
Section 80Eeb Gives Tax Deductions Of Up To โน1,50,000 On Interest Paid On Loan Amount On The Purchase Of Electric Vehicle.
Section 80eeb of the income tax act enables individuals to get tax savings by claiming a deduction on interest payments on loans availed for purchasing evs.
On Electric Automobiles And Suvs, Maharashtra Offers A Maximum Subsidy Of Rs 2.5 Lakh, While Delhi, Gujarat, Assam, Bihar, And West Bengal Offer Maximum Subsidies Of Rs 1.5.