Tax exemption on electric scooter purchase? Is it possible?
Hello Dimers
Planning to buy electric scooter ( not decided the scooter) but heard somewhere tax exemption on electric vehicles.
But don’t know anything about it.
Can someone please guide me.
@Maverickz @Sudarshan61 @getready @kkrulesdnation @panchabhut @desiman <a rel="nofollow" href="https://www.desidime.com/users/22840">bohemi...
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Subsidy is applicable only for select states (Delhi, Gujarat, Maharashtra, Rajasthan & few other states)
Edit: Central Govt also offers subsidies for electric vehicles (Not as good as some state-specific benefits)
Check this article : Govt Subsidies For Buying Electric Vehicles in Different States
If u take loan for scooter purchase then interest paid on loan can be claimed as tax deduction
@ConfirmPassword @kkrulesdnation how to get loan on ola electric. please suggest.
If u want to check review of model
Then best way is to search hashtag on twitter like #OlaElectric etc
You will get real user review and complaints too
section 80EEB
you can avail tax exemption up to Rs. 1,50,000 per year on interest paid against loan availed for electric vehicle.
This can be availed throughout the loan tenure, provided the loan is availed before March 2023.
FAME -2 se already 30-40k subsidy milta hai aur kuch States like Gujarat, Delhi, Maharashtra etc extra 10-20k subsidy deti hai.
I’m from Andhra Pradesh and no subsidy is there here 😔
@caks2006407 can you please suggest best electric scooter with more mileage on single charge.
interest paid on emi is allowed as deduction (similar education loan interest 80E)