Tax Benefits For Electric Vehicles In India. The tax benefits provided by section 80eeb are aligned with the fame (faster adoption and manufacture of electric {and hybrid} vehicles) india scheme,. The goods and services tax (gst) on sale of electric vehicles was reduced from 12% to 5%.
You get a deduction of rs. Loan amount limit:the deduction is applicable on the interest payments on loans sanctioned on or.
It Specifies Income Tax Rules And Benefits For Those Who Have Availed Of A Loan To Purchase Electric Vehicles.
Buying an electric vehicle with a vehicle loan can make you eligible for income tax benefits under the 80eeb.
1,50,000 Under Section 80Eeb On The Interest Paid On Loan Taken To Buy Electric Vehicles.
In order to promote the usage of electric vehicles in india, the union budget of 2019 proposed to incorporate a brand new section called section 80eeb in the income tax act of 1961.
1.5 Lakh On The Interest Paid On The Loan Taken For Purchasing An Electric Vehicle.
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Under This Section, An Individual Can Claim A Deduction Of Up To Rs.
The tax benefits provided by section 80eeb are aligned with the fame (faster adoption and manufacture of electric {and hybrid} vehicles) india scheme,.
You Get A Deduction Of Rs.
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.