Deduction for electric vehicle loan interest allowed subject to sanction period and exclusive claim prohibition. An individual may deduct interest on a loan from a financial institution taken for purchase of an electric vehicle, subject to the loan being sanctioned within the prescribed sanction window, with the deduction capped at a statutory maximum and applied in computing total income for the tax year beginning 1 April 2019 and subsequent years; such interest, once deducted under this section, cannot be deducted under any other provision for the same or any other tax year.