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Electric vehicle purchase
My client purchase electric car for firm use in income tax tax what r the benefit availed... 1 interest on loan available or not 2.depreciation availed or not as I seen in google int on loan only for individual availed for only 1st year what about firm purple benefit please guide us... amit
Replies (3)
Firm can claim normal depreciation and interest expense on loan without any limits. So no question of any other section / deduction / limit.
Hi please reply
U can claim 80EEB Deduction on electric motor purchase
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