Tax Deduction For Electric Vehicle Purchased Or Acquired. The loan should be taken to buy an electric vehicle. Section 80eeb deduction in respect of purchase of electric vehicle income tax act 1961 2021&quot.
Loan should be taken for. Loan sanctions are applicable for the period between 01/04/2019 and 31/03/2023.
The Loan Should Be Taken To Buy An Electric Vehicle.
Section 80eeb is a new section added to the income tax act of 1961 and introduced by the indian government in the union budget 2019.
You Can Claim This Deduction.
The following conditions have to be fulfiled in order to claim deductions up to inr 1.5 lakhs in section 80eeb of the income.
An Individual Taxpayer Can Claim A Deduction Under Section 80Eeb For Any Interest Paid On Loan Taken From Any Financial Institution, To Purchase Any Electric Vehicle.
Images References :
In 2019, The Government Announced Tax Benefits Under The New Section 80Eeb.
An individual taxpayer can claim a deduction under section 80eeb for any interest paid on loan taken from any financial institution, to purchase any electric vehicle.
Loan Should Be Taken For.
Tax benefits are one particular advantage proving to be a great incentive to buy an ev.
1,50,000 Under Section 80Eeb On The Interest Paid On Loan Taken To Buy Electric Vehicles.