80EEB – New Tax Exemption on Loan for Purchase of Electric Vehicles With Automated 50 employees Master of Form 16 Part B for 12 BA for F.Y. 2019-20

In the full Budget, presented on July 5, 2019 a new section 80EEB was introduced which would requite tax exemption up to Rs 1.5 Lakhs on interest paid for purchase of electric vehicles provided it fulfills unrepeatable conditions. Eligibility Conditions for 80EEB Following are the eligibility conditions for Section 80EEE: 1.         The loan should be […]

80EEB – New Tax Exemption on Loan for Purchase of Electric Vehicles With Automated 50 employees Master of Form 16 Part B for 12 BA for F.Y. 2019-20

Income Tax Revised Form 16 Part B

In the full Budget, presented on July 5, 2019 a new section 80EEB was introduced which would requite tax exemption up to Rs 1.5 Lakhs on interest paid for purchase of electric vehicles provided it fulfills unrepeatable conditions. Eligibility Conditions for 80EEB Following are the eligibility conditions for Section 80EEE: 1.         The loan should be […]