Electric Vehicle Tax Relief. However, it’s essential to note the. The section is applicable to individual taxpayers and offers a tax deduction of up to ₹ 1.5.
The deduction will be allowed for the loan sanctioned between the 1st of april 2019 and the. Additionally, individuals are allowed an additional deduction of rs 1.5.
For Example, Maharashtra Has Granted Subsidy On Road Tax On Electric Cars Up To Rs 1.5 Lakh.
Additionally, individuals are allowed an additional deduction of rs 1.5.
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.
The loan financing agency should be the registered banks or nbfcs.
Each Person Is Only Eligible For This Tax.
Images References :
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.
The loan financing agency should be the registered banks or nbfcs.
The Section 80Eeb Is Subject To Some Conditions.
The indian government has launched a new scheme to boost electric vehicle manufacturing, aiming to attract foreign investments and boosting tesla’s plans to enter.
For Capital Allowances A Car Is A Type Of Vehicle That:
