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Purchase of electric vehicle

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31 Points Posted on 16 March 2022
Is it allowable for a partnership firm to purchase an electric vehicle and claim deduction under section 80EEB ?
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On 16 March 2022 at 05:57 Report
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Chartered Accountant
5010 Points Posted on 16 March 2022

No, this deduction is only available for individuals. 

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On 16 March 2022 at 11:13
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31 Points Posted on 16 March 2022
80EEB specifies that it is available for business purpose & the person who is purchasing the vehicle is holding 90%shares in the firm ... @ ca puja sharma
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On 16 March 2022 at 11:41
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69 Points Posted on 16 March 2022
As per 80EEB Only individual can avail Deduction in respect of interest paid on loan taken for the purchase of electric vehicle and no other person.
hence partnership firm can not avail deduction.
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On 16 March 2022 at 13:31


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