Tag: electric vehicle

Electric Vehicle to be eligible for tax exemption in Uttar Pradesh must fulfil twin conditions of both purchase and registration of vehicle in Uttar Pradesh  In a recent judgment Allahabad High Court has held that in order to be eligible for tax exemption to electric vehicles, twin conditions …

Deduction u/s 80EEB for interest on loan taken for purchase of electric vehicle With a view to improve environment and to reduce vehicular pollution, the Union Budget 2019-20 has proposed to insert a new section 80EEB in the Income Tax Act so as to provide for a deduction …