Section 80EEB

Section 80EEB Deduction on purchase of electronic vehicle

Income Tax - Section 80EEB – Income tax deduction on purchase of electronic vehicle by individual for personal use or for business use Eligibility criteria :- Any individual (Resident as well as Non-resident individual) take loan for the purpose of purchase of electronic vehicle for personal use from any financial institution and interest paid o...

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Section 80EEB – Deduction in respect of purchase of electric vehicle

Income Tax - An Individual who has taken a loan for purchase of E-Vehicle from any Financial Institution and who has never owned an E-vehicle can avail such tax relief. Further, Interest payable on such loan would qualify for deduction under Section 80EEB....

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Section 80EEB of Income Tax Act – Interest on Electric Vehicle

Income Tax - In the union budget 2019, the government has announced an incentive for purchase electric vehicle. In the budget speech, the finance minister has stated that advanced battery and registered e-vehicles will be incentivized under the scheme. A new section 80EEB of Income Tax Act, 1961 has been introduced allowing a deduction for interest pa...

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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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Recent Posts in "Section 80EEB"

Section 80EEB Deduction on purchase of electronic vehicle

Section 80EEB – Income tax deduction on purchase of electronic vehicle by individual for personal use or for business use Eligibility criteria :- Any individual (Resident as well as Non-resident individual) take loan for the purpose of purchase of electronic vehicle for personal use from any financial institution and interest paid o...

Read More
Posted Under: Income Tax |

Section 80EEB – Deduction in respect of purchase of electric vehicle

An Individual who has taken a loan for purchase of E-Vehicle from any Financial Institution and who has never owned an E-vehicle can avail such tax relief. Further, Interest payable on such loan would qualify for deduction under Section 80EEB....

Read More
Posted Under: Income Tax |

Section 80EEB of Income Tax Act – Interest on Electric Vehicle

In the union budget 2019, the government has announced an incentive for purchase electric vehicle. In the budget speech, the finance minister has stated that advanced battery and registered e-vehicles will be incentivized under the scheme. A new section 80EEB of Income Tax Act, 1961 has been introduced allowing a deduction for interest pa...

Read More
Posted Under: Income Tax |

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 […]...

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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...

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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 […]...

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Posted Under: Income Tax |

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