https://www.taxtmi.com/acts?id=51663 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. en-us Thu, 14 Aug 2025 10:58:49 +0530 Wed, 27 Aug 2025 10:38:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51663 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. Act-Rules Income Tax Thu, 14 Aug 2025 10:58:49 +0530 https://www.taxtmi.com/acts?id=51663