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Deduction in respect of purchase of electric vehicle

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Full Text of the Document

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...., interest payable on loan taken by him from any financial institution for the purpose of purchase of an electric vehicle. (2) The deduction under sub-section (1) shall not exceed one lakh and fifty thousand rupees and shall be allowed in computing the total income of the individual for the assessment year beginning on the 1st day of April, 2020 and subsequent assessment years. (3) The deduc....

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