Section 80EEB allows deduction on interest paid on loan taken for purchase of electric vehicle subject to conditions on loan sanction period and vehicle type notified by the government.
Before you claim
- Confirm loan sanction falls within eligible dates
- Vehicle should qualify as electric vehicle under rules
- No other deduction claimed on the same interest
- Keep bank interest certificate for assessment
Pair with home loan tax guide and personal tax filing in Coimbatore.
