Electric Vehicle Tax Deduction. An individual taxpayer can claim interest on a loan of an electric vehicle of up to inr 1.5 lacs under section 80eeb. Further, evs are not subject to road tax.
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. Individual taxpayers must also make sure to have.
The 80Eeb Is A Section Of The Income Tax Act, Specially Curated For Electric Vehicle Buyers Who Avail Of Vehicle Loans To Purchase An Ev.
Section 80eeb provides a tax deduction of up to โน1.5 lakh on the interest paid for a loan taken to acquire an electric vehicle.
Explore The Benefits Of Section 80Eeb, Providing A Deduction For Interest Paid On Loans For Electric Vehicles (Evs).
With a motive to build a mindset of a sustainable environment and promote the purchase of electric vehicles, the government of india has introduced a new section.
For Electric Vehicles Used For Business Purposes, Individuals Can Claim A Deduction Of Up To โน1,50,000 Under Section 80Eeb.
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The 80Eeb Is A Section Of The Income Tax Act, Specially Curated For Electric Vehicle Buyers Who Avail Of Vehicle Loans To Purchase An Ev.
An individual taxpayer can claim interest on a loan of an electric vehicle of up to inr 1.5 lacs under section 80eeb.
If An Individual Takes A Loan For.
Section 80eeb deduction in respect of purchase of electric vehicle income tax act 1961 2021".
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.