Purchase of electric vehicle

195 views 3 replies

geo jojan

31 Points Joined May 2017

Is it allowable for a partnership firm to purchase an electric vehicle and claim deduction under section 80EEB ?

Replies (3)

CA Puja Sharma

Chartered Accountant

5010 Points Joined March 2020

No, this deduction is only available for individuals.

geo jojan

31 Points Joined May 2017

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

shreya vora

69 Points Joined July 2017

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.