WebFeatures of Section 80EEB. As per this section, individuals can avail for a deduction amount of up to Rs 1,50,000 per annum on payment of interest on a loan secured for the … WebMar 9, 2024 · The benefit Section 80EEB can be claimed by individuals only. An individual taxpayer can claim interest on loan of an electric vehicle of up to INR 1.5 lacs u/s 80EEB. However, if the electric vehicle is used for the purpose of business, the vehicle should be reported as an asset, loan should be reported as a liability and the interest on loan ...
#7 Deductions from GTI Section 80E Section 80EEB
WebApr 6, 2024 · Updated: 06 Apr 2024, 07:25 PM IST Vipul Das. In accordance with Section 80C of the Income Tax Act, NPS Tier 1 accounts are eligible for a deduction of up to ₹ 1.5 lakh from taxable income and ... WebSection 80EEB: Deduction in respect of purchase of electric vehicle Section 80EEB(1) of Income Tax Act. In computing the total income of an assessee, being an individual, there … hia parking
Income Tax Deductions List FY 2024-21 Save Tax for AY 2024-22
WebIf you find this video helpful then do LIKE, COMMENT and SHARE it with your friends and don't forget to SUBSCRIBE the channel and press the Bell Icon for fut... WebSep 28, 2024 · Section 80EEB allows a deduction for interest payments up to Rs 1,50,000 in a financial year. An individual may purchase an electric vehicle for personal use or for … WebSection 80EEB: Deduction in respect of purchase of electric vehicle Section 80EEB(1) of Income Tax Act. In computing the total income of an assessee, being an individual, there shall be deducted, in accordance with and subject to the provisions of this section, interest payable on loan taken by him from any financial institution for the purpose of purchase of … ezekiel formation