80eeb-Deduction On Electric Vehicle Loan Interest Rate In. Even for big loan amounts, it will be difficult to touch rs 1.5 lacs of interest in car loan every year. Deduction for interest paid on loan on the purchase of electric vehicle section 80eeb.
1.5 lakhs for a financial year. Get more details about section.
Not Saying That You Should Purchase An Expensive Electric Car To.
Deduction for interest paid on home loan for affordable housing section 80eea.
1.5 Lakhs For A Financial Year.
Section 80eeb is a provision where you can claim deduction on interest for the purchase of an electric vehicle.
In Addition, A New Section 80Eeb Has Been Introduced, Allowing A Deduction For Interest Paid On Loans Taken For The Procurement Of Electric Vehicles From The A.y.
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For Personal Use, Individuals With Electric Vehicles Can Avail Themselves Of This Deduction To Offset The Interest Paid On The Vehicle.
The deduction towards the interest furnished on loan opted via buying of the electric vehicle is opened beneath section 80eeb of the income tax act 1961 which is.
Section 80 Eeb Will Allow For A Deduction For Interest Payments Up To Rs 1,50,000.
An individual must have taken the electric vehicle loan between 1st april 2019 to 31st march 2023 maximum of rs.
1,50,000 Can Be Claimed Using Section 80Eeb On Your Ev.