Purchase Of Electric Vehicle Deduction. Section 80eeb is a provision where you can claim deduction on interest for the purchase of an electric vehicle. Currently, india has 2 million electric vehicles (evs) on road.
1.5 lakh on the interest paid on the loan taken for purchasing an electric vehicle. 1.5 lakhs for a financial year.
One Of The Most Important Aspects Of Mitigating Climate Change And Promoting Green Growth Is Electric Mobility.
Any interest payments exceeding โน1,50,000 can be.
Should You Choose To Buy An Ev With The Help Of A Loan, You Can Avail Of Deductions Up To A Maximum Of Rs.
Loan should be taken for.
The Deduction Will Be Available For Both Personal And/Or Business Purposes.
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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.
Under this section, an individual can claim a deduction of up to rs.
It Was Introduced For The First Time In The Finance Act, 2019.
1,50,000 under section 80eeb on the.
80 Eeb Is A Tax Deduction Given To Eligible Persons On The Interest On A Loan Taken To Purchase An Electric Vehicle.