Section 80EEB

Purchase of Electric Vehicle – Tax benefits (Section 80EEB)

Income Tax - Purchase of Electric Vehicle – Tax benefits (Section 80EEB) and many more advantages!! Planning to buy a car in the future? How about an Electric car or E-scooter, they are set to be the norm. Thinking about how is it going to benefit the average consumer? Read on… Most of us don’t own electric cars, […]...

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Incentive on Purchase of Electric Vehicle on Loan

Income Tax - GOOD NEWS FOR ASSESSEE WHO HAD OR PLANNING TO PURCHASE ELECTRIC VEHICLE ON LOAN To encourage the purchase of ‘electric vehicle’, Govt of India had come with new incentive plan .In the union budget 2019, the government has announced an incentive for purchase electric vehicle. In the budget speech, the finance minister has state...

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Section 80EEB deduction for interest on Loan for Purchase of Electric Vehicle

Income Tax - Section 80EEB deduction for interest on Loan for Purchase of Electric Vehicle- Section 80EEB as introduced by Finance Act, 2019. Q 1. Who is eligible to get benefit under Section 80EEB? Ans: An Individual who has taken a Loan for purchase of an Electrical Vehicle from any Financial Institution. Q 2. What is the benefit […]...

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Deduction under section 80EEB of Income Tax Act

Income Tax - Currently, with an aim to promote the electric vehicle market, the Government is coming up with various exemption, deductions and rates cuts. One such step is the insertion of new deduction section 80EEB in the Income Tax Act, 1961. Newly introduced section 80EEB provides deduction in respect of interest paid on loan taken from the fina...

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Is there a hidden fact behind deduction u/s 80EEB on Purchase of Electric Vehicle?

Income Tax - On 5th July 2019 Finance minister Nirmala Sitharaman in her maiden budget speech of Union Budget 2019 has proposed to extend income-tax benefit of Rs.1.5 Lakh towards interest paid on loans for buying Electric Vehicle. A new section 80EEB is been proposed to be inserted in Income Tax Act via Finance Bill 2019 to extend […]...

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Recent Posts in "Section 80EEB"

Purchase of Electric Vehicle – Tax benefits (Section 80EEB)

Purchase of Electric Vehicle – Tax benefits (Section 80EEB) and many more advantages!! Planning to buy a car in the future? How about an Electric car or E-scooter, they are set to be the norm. Thinking about how is it going to benefit the average consumer? Read on… Most of us don’t own electric cars, […]...

Read More
Posted Under: Income Tax |

Incentive on Purchase of Electric Vehicle on Loan

GOOD NEWS FOR ASSESSEE WHO HAD OR PLANNING TO PURCHASE ELECTRIC VEHICLE ON LOAN To encourage the purchase of ‘electric vehicle’, Govt of India had come with new incentive plan .In the union budget 2019, the government has announced an incentive for purchase electric vehicle. In the budget speech, the finance minister has state...

Read More
Posted Under: Income Tax |

Section 80EEB deduction for interest on Loan for Purchase of Electric Vehicle

Section 80EEB deduction for interest on Loan for Purchase of Electric Vehicle- Section 80EEB as introduced by Finance Act, 2019. Q 1. Who is eligible to get benefit under Section 80EEB? Ans: An Individual who has taken a Loan for purchase of an Electrical Vehicle from any Financial Institution. Q 2. What is the benefit […]...

Read More
Posted Under: Income Tax |

Deduction under section 80EEB of Income Tax Act

Currently, with an aim to promote the electric vehicle market, the Government is coming up with various exemption, deductions and rates cuts. One such step is the insertion of new deduction section 80EEB in the Income Tax Act, 1961. Newly introduced section 80EEB provides deduction in respect of interest paid on loan taken from the fina...

Read More
Posted Under: Income Tax |

Is there a hidden fact behind deduction u/s 80EEB on Purchase of Electric Vehicle?

On 5th July 2019 Finance minister Nirmala Sitharaman in her maiden budget speech of Union Budget 2019 has proposed to extend income-tax benefit of Rs.1.5 Lakh towards interest paid on loans for buying Electric Vehicle. A new section 80EEB is been proposed to be inserted in Income Tax Act via Finance Bill 2019 to extend […]...

Read More
Posted Under: Income Tax |

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