Electric vehicle Loan Income Tax Benefit – Section 80EEB

Electric vehicle Loan Income Tax Benefit – Section 80EEB

Finances News

The popularity of Electric Vehicle (EV) is growing. The electric vehicle is seen as a replacement for traditional petrol-based vehicles. The prime reason is electrical vehicle addresses the rising issue of pollution and global warming. Additionally, it also addresses the issue of depleting natural resource petrol (fossil fuel). As we know that petrol is a finite resource and the price of petrol is growing almost every day. The cost of running EV is low compared to a petrol-based vehicle. The government of India is promoting electrical vehicles heavily. A special income tax benefit under section 80EEB is announced by the

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