Electric Vehicle Tax Exemption India. You might feel that purchasing an electric vehicle is costlier than buying an internal combustion engine vehicle, but that is only because of the higher upfront cost. However, it’s essential to note the.
There are plenty of electric vehicle models on the market, and with increased sales, some automakers are planning to introduce new models. Additionally, individuals are allowed an additional deduction of rs 1.5.
Amongst The Various Tax Saving Investments, Buying An Electric Vehicle (Ev) Has Become One Of The Most Lucrative Ways To Reduce The Tax Liability.
For example, maharashtra has granted subsidy on road tax on electric cars up to rs 1.5 lakh.
Buying An Electric Vehicle With A Vehicle Loan Can Make You Eligible For Income Tax Benefits Under The 80Eeb.
Section 80eeb gives tax deductions of up to ₹1,50,000 on interest paid on loan amount on the purchase of electric vehicle.
1,50,000 Under Section 80Eeb On The Interest Paid On Loan Taken To Buy Electric Vehicles.
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In 2019, The Government Announced Tax Benefits Under The New Section 80Eeb.
The income tax act of india contains a section called 80eeb that offers tax advantages on interest paid on loans taken out for the purchase of electric vehicles.
Buying An Electric Vehicle With A Vehicle Loan Can Make You Eligible For Income Tax Benefits Under The 80Eeb.
1,50,000 under section 80eeb on the interest paid on loan taken to buy electric vehicles.
You Might Feel That Purchasing An Electric Vehicle Is Costlier Than Buying An Internal Combustion Engine Vehicle, But That Is Only Because Of The Higher Upfront Cost.