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Income Tax Exemption For Electric Vehicle
Income Tax Exemption For Electric Vehicle. An individual taxpayer can claim interest on a loan of an electric vehicle of up to inr 1.5 lacs under section 80eeb. For example, maharashtra has granted subsidy on road tax on electric cars up to rs 1.5 lakh.
The finance minister has announced that registered electric vehicle and advance battery come under this scheme. Section 80eeb deduction in respect of purchase of electric vehicle income tax act 1961 2021".
An Individual Taxpayer Can Claim Interest On A Loan Of An Electric Vehicle Of Up To Inr 1.5 Lacs Under Section 80Eeb.
Ev buyers can claim up to ₹1.5 lakh.
Tax Benefit Under Section 80Eeb For Ev Purchase Loan.
When paying off an ev loan, a total tax exemption of up to rs 1,50,000 is available under section 80eeb.
1,50,000 Under Section 80Eeb On The Interest Paid On Loan Taken To Buy Electric Vehicles.
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The Finance Minister Has Announced That Registered Electric Vehicle And Advance Battery Come Under This Scheme.
Tax benefit under section 80eeb for ev purchase loan.
As Per This Section, Individuals Can Avail For A Deduction Amount Of Up To Rs 1,50,000 Per Annum On Payment Of Interest On A Loan Secured For The Purchase Of An.
The section is applicable to individual taxpayers and offers a tax deduction of up to ₹ 1.5.
A Deduction Of Up To Rs 1,50,000 For Interest Payments Is Available Under Section 80Eeb.
