Deduction For Electrical Vehicle. On electric automobiles and suvs, maharashtra offers a maximum subsidy of rs 2.5 lakh, while delhi, gujarat, assam, bihar, and west bengal offer maximum. The deduction will be allowed for the loan.
(1) in computing the total income of an assessee, being an individual, there shall be deducted, in accordance with and subject to the provisions of this section,. An individual taxpayer can claim interest on a loan of an electric vehicle of up to inr 1.5 lacs under section 80eeb.
Should You Choose To Buy An Ev With The Help Of A Loan, You Can Avail Of Deductions Up To A Maximum Of Rs.
1,50,000 under section 80eeb on the interest paid on loan taken to buy electric vehicles.
Section 80Eeb Deduction In Respect Of Purchase Of Electric Vehicle Income Tax Act 1961 2021&Amp;Quot.
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 Deduction Will Be Allowed For The Loan.
Images References :
(1) In Computing The Total Income Of An Assessee, Being An Individual, There Shall Be Deducted, In Accordance With And Subject To The Provisions Of This Section,.
1.5 lakhs for a financial year.
The Following Conditions Have To Be Fulfiled In Order To Claim Deductions Up To Inr 1.5 Lakhs In Section 80Eeb Of The Income Tax Act:
An individual taxpayer can claim interest on a loan of an electric vehicle of up to inr 1.5 lacs under section 80eeb.