https://www.taxtmi.com/acts?id=37317 Interest paid on loans taken from a financial institution for purchase of an electric vehicle is deductible by an individual, subject to a cap of one lakh fifty thousand rupees; the deduction is available for assessment years beginning on 1 April 2020 and subsequent years where the loan was sanctioned between 1 April 2019 and 31 March 2023, and such interest cannot be deducted under any other provision for the same or any other assessment year. en-us Fri, 02 Aug 2019 14:54:55 +0530 Thu, 28 Aug 2025 12:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37317 Interest paid on loans taken from a financial institution for purchase of an electric vehicle is deductible by an individual, subject to a cap of one lakh fifty thousand rupees; the deduction is available for assessment years beginning on 1 April 2020 and subsequent years where the loan was sanctioned between 1 April 2019 and 31 March 2023, and such interest cannot be deducted under any other provision for the same or any other assessment year. Act-Rules Income Tax Fri, 02 Aug 2019 14:54:55 +0530 https://www.taxtmi.com/acts?id=37317