Tax Benefits to Electrical Vehicle Owners
If you are having Electrical Vehicle (EV) and have taken loan on the same from any Banking Institution or NBFC, Then as per section 80EEB of the Income Tax Act 1961, You will be having additional advantage of Income deduction of Rs. 150000.00 or interest payable on loan, which ever is less, till the closure of the loan.
So if you are planning to have EV in these days, then please do hurry up for getting your loan sanctioned before 31st march 2023 for getting such Tax Relief.
