Electric Vehicle Tax Exemption In India. Section 80eeb of the income tax act offers a tax deduction benefit of up to ₹1.5 lakh on the interest component of a loan taken to purchase an electric vehicle. You get a deduction of rs.
Section 80eeb gives tax deductions of up to ₹1,50,000 on interest paid on loan amount on the purchase of electric vehicle. Section 80eeb provides a tax deduction of up to ₹1.5 lakh on the interest paid for a loan taken to acquire an electric vehicle.
1,50,000 Under Section 80Eeb On The Interest Paid On Loan Taken To Buy Electric Vehicles.
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.
Section 80Eeb Provides A Tax Deduction Of Up To ₹1.5 Lakh On The Interest Paid For A Loan Taken To Acquire An Electric Vehicle.
Section 80eeb of the income tax act offers a tax deduction benefit of up to ₹1.5 lakh on the interest component of a loan taken to purchase an electric vehicle.
Explore The Benefits Of Section 80Eeb, Providing A Deduction For Interest Paid On Loans For Electric Vehicles (Evs).
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While Some Clauses In The Income Tax Act Offer Tax Exemption To The Return Filers, Buying A Vehicle And The Related Loan Doesn't Provide Them With Any Relief.
1,50,000 under section 80eeb on the interest paid on loan taken to buy electric vehicles.
Section 80Eeb Provides A Tax Deduction Of Up To ₹1.5 Lakh On The Interest Paid For A Loan Taken To Acquire An Electric Vehicle.
Amongst the various tax saving investments, buying an electric vehicle (ev) has become one of the most lucrative ways to reduce the tax liability.
In Simple Terms, The Total Amount Of Deduction An Individual Taxpayer Can Claim Under Section 80Eeb Is The Lower Than: