Electric Vehicle Income Tax Deduction. The deduction will be available for both. So if you take a loan of ₹1,00,000 for the.
When paying off an ev loan, a total tax exemption of up to rs 1,50,000 is available under section 80eeb. Tax benefits are one particular advantage proving to be a great incentive to buy an ev.
When Paying Off An Ev Loan, A Total Tax Exemption Of Up To Rs 1,50,000 Is Available Under Section 80Eeb.
A deduction of up to rs 1,50,000 for interest payments is available under section 80eeb.
For Electric Vehicles Used For Business Purposes, Individuals Can Claim A Deduction Of Up To ₹1,50,000 Under Section 80Eeb.
The following conditions have to be fulfiled in order to claim deductions up to inr 1.5 lakhs in section 80eeb of the income tax act:
Extension Of Perquisite Rules To Cover Electric Vehicles:
Images References :
Section 80Eeb Gives Tax Deductions Of Up To ₹1,50,000 On Interest Paid On Loan Amount On The Purchase Of Electric Vehicle.
For electric vehicles used for business purposes, individuals can claim a deduction of up to ₹1,50,000 under section 80eeb.
Extension Of Perquisite Rules To Cover Electric Vehicles:
Individual taxpayers must also make sure to have.
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.