Exemption For Electric Vehicle. Mr adeduction u/s 80eeb for interest payable on loan taken for purchase of electric vehicle [rs 20 lakhs x 10% = rs 2,00,000, restricted to rs 1,50,000,. · the actual amount of interest paid on the electric.
Deduction amount available u/s 80eeb. Whether an individual taxpayer possesses an electric vehicle for personal or business use, this deduction allows for.
An Electric Vehicle Refers To A Vehicle That Is Solely Powered By An Electric Motor.
Purchase of electric vehicle for personal use:
So If You Take A Loan Of ₹1,00,000 For The.
Currently, the vehicle tax is 4% to 10% of the value of the vehicle, and the registration fee is up to 3000 rs.
Quantum Of Deduction Under Section 80Eeb:
Images References :
The Deduction Will Be Available For Both.
Amongst the various tax saving investments, buying an electric vehicle (ev) has become one of the most lucrative ways to reduce the tax liability.
Tax Benefit Under Section 80Eeb For Ev Purchase Loan.
The vehicle usually has regenerative braking systems.