Can you claim Income-Tax deduction on loan for EV purchase? Here's eligibility criteria and key highlights, explained
· livemint.com
Section 80EEB of the Income-Tax Act allows a deduction for interest on loans for electric vehicle purchases, up to ₹1.5 lakh, under the old tax regime. Here are the eligibility criteria and key highlights
Deduction for loan used to purchase an electric vehicle is provided under Section 80EEB of the Income-Tax Act (ITA) for interest payment up to ₹1.5 lakh in a ...