https://www.taxtmi.com/manuals?id=2505 Deduction for interest on a loan taken to purchase an electric vehicle is available only to an individual and only for the interest component of the loan. The loan must be obtained from a financial institution, specifically sanctioned for purchase of an electric vehicle, and sanctioned within the prescribed period. The deduction is capped and no double deduction is allowed for the same interest under any other provision. en-us Mon, 20 Mar 2023 11:38:00 +0530 Wed, 01 Jul 2026 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2505 Deduction for interest on a loan taken to purchase an electric vehicle is available only to an individual and only for the interest component of the loan. The loan must be obtained from a financial institution, specifically sanctioned for purchase of an electric vehicle, and sanctioned within the prescribed period. The deduction is capped and no double deduction is allowed for the same interest under any other provision. Manuals Income Tax Mon, 20 Mar 2023 11:38:00 +0530 https://www.taxtmi.com/manuals?id=2505