adminComments Off on Electric Vehicle Loan Interest Section- 80eeb
Electric Vehicle Loan Interest Section- 80eeb. Under section 80eeb, you can claim a deduction for interest payments up to rs 1,50,000. To promote electric mobility, the indian government has approved phase ii of the fame scheme, which refers to faster.
Section 80eeb of the income tax act, 1961, deals with the interest payments made on electric vehicle loans for personal or business use. Yes, in order to promote electric vehicle usage, the government came out with this new section 80eeb where the loan taken for the purchase of an electric vehicle can.
It Was Introduced For The First Time In The Finance Act, 2019.
Section 80Eeb Of Income Tax Act Helps You To Claim Electric Vehicle Loan Interest Amount Up To Rs.
Under section 80eeb, you can claim a deduction for interest payments up to rs 1,50,000.
An Individual May Purchase An Electric Vehicle For Personal Use Or For.
Images References :
Section 80Eeb Of The Income Tax Act, 1961, Deals With The Interest Payments Made On Electric Vehicle Loans For Personal Or Business Use.
However, itโs essential to note the.
This New Section Offers A Deduction Of Up To Inr 1.5 Lakhs With Respect To The Interest On The Loan Taken By An Individual For The Purchase Of An Electric Vehicle.
Section 80eeb allows a deduction for interest payments up to rs 1,50,000 in a financial year.
