Deduction For Electric Vehicle. The interest that is allowed under 80 eeb will not be offered under any other section. 1.5 lakhs for a financial year.
Any interest payments exceeding ₹1,50,000 can be. Section 80eeb provides a tax deduction of up to ₹1.5 lakh on the interest paid for a loan taken to acquire an electric vehicle.
The Section Is Applicable To Individual Taxpayers And Offers A Tax Deduction Of Up To ₹ 1.5.
Further, evs are not subject to road tax.
Explore The Benefits Of Section 80Eeb, Providing A Deduction For Interest Paid On Loans For Electric Vehicles (Evs).
1,50,000 under section 80eeb on the.
The Following Conditions Have To Be Fulfiled In Order To Claim Deductions Up To Inr 1.5 Lakhs In Section 80Eeb Of The Income.
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The Deduction Will Be Allowed For The Loan.
You get a deduction of rs.
Section 80Eeb Of The Income Tax Act Enables Individuals To Get Tax Savings By Claiming A Deduction On Interest Payments On Loans Availed For Purchasing Evs.
It specifies income tax rules and benefits for those who have availed of a loan to.