Interest Paid On Electric Vehicle Loan. Tax deduction on loan interest while buying evs u/s 80eeb. There is no processing fee and and documentation.
Tax deductions on loan for evs section 80eeb allows for a total tax exemption. The program’s only objective is to boost electric mobility, and it does so by offering financial incentives to buy them and by building the necessary infrastructure for charging and.
If You Are Purchasing A Vehicle For.
1.5 lakhs for a financial year.
In A Bid To Promote The Adoption Of Electric Vehicles (Evs) And Combat Climate Change, The Indian Government Introduced Section.
The loan must be sanctioned anytime during the period starting from 1st april 2019 till 31st march 2023.
Interest Payments Of Up To ₹ 1.5 Lakhs Made During The Year Against Electric Car Loan Can Be Claimed As A Deduction Under Section 80Eeb Interest Payments Above ₹ 1.5 Lakhs.
Images References :
A Special Income Tax Benefit Under Section 80Eeb Is Announced By The Government For Evs.
The new income tax section 80eeb allows a deduction for the.
The Loan Must Be Taken From A Financial Institution.
Should you choose to buy an ev with the help of a loan, you can avail of deductions up to a maximum of rs.
With The Government's Emphasis On Reducing Pollution And Promoting Electric.