Electric Vehicle Loan Tax Exemption. Quantum of deduction under section 80eeb: But should you take a loan to purchase electric vehicles because of tax deduction?
Starting in january, you’ll be able to get an electric vehicle tax credit of up to $7,500 without having to wait for the irs to. 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.
Do You Know That You Can Avail Tax Deduction On Loan Taken For Purchase Of Electric Vehicle Under Section 80Eeb On Income Tax.
As the current financial year is nearing its end, taxpayers'.
This Means That Only Someone Who Has Never.
This tax exemption on electric vehicles is allowed for the interest paid on the loan taken but not on repayment of the loan.
You Get A Deduction Of Rs.
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The Government Has Introduced Income Tax Section 80Eeb To Provide Tax Incentives To Electric Car Buyers.
Under section 80eeb, you can get tax benefit of up to rs 1.5 lacs for the interest paid towards the loan taken to purchase an electric vehicle.
As The Current Financial Year Is Nearing Its End, Taxpayers'.
So if you take a loan of ₹1,00,000 for the.