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Deduction For Purchase Of Electric Vehicle
Deduction For Purchase Of Electric Vehicle. 80 eeb is a tax deduction given to eligible persons on the interest on a loan taken to purchase an electric vehicle. This deduction can only be claimed if financing the purchase of an electric vehicle for the first time.
Section 80eeb of the income tax act was introduced with the finance bill of 2019 with the aim to improve environmental conditions and to reduce vehicular pollution throughout the country considerably. It was introduced for the first time in the finance act, 2019.
1.5 Lakhs For A Financial Year.
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.
One Of The Most Important Aspects Of Mitigating Climate Change And Promoting Green Growth Is Electric Mobility.
It was introduced for the first time in the finance act, 2019.
Section 80Eeb Of The Income Tax Act Was Introduced With The Finance Bill Of 2019 With The Aim To Improve Environmental Conditions And To Reduce Vehicular Pollution Throughout The Country Considerably.
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A Deduction Of Up To Rs 1,50,000 For Interest Payments Is Available Under Section 80Eeb.
80 eeb is a tax deduction given to eligible persons on the interest on a loan taken to purchase an electric vehicle.
Any Interest Payments Exceeding โน1,50,000 Can Be.
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,.
Section 80Eeb Deduction In Respect Of Purchase Of Electric Vehicle Income Tax Act 1961 2021&Amp;Quot.
