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Can Car Loan Be Exempted From Income Tax
Can Car Loan Be Exempted From Income Tax -
You can get tax exemptions for Home Loans Education Loans and even in some cases for Personal Loans But what about Car Loans Can you use your Car Loan to save on
Section 80EEB of the Income Tax Act allows you to claim tax savings of up to Rs 1 5 lakh on interest paid on a loan made specifically to purchase an electric car
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Can A Car Loan Keep You From Getting A Mortgage Real Estate News
Can A Car Loan Keep You From Getting A Mortgage Real Estate News
Which loans are exempted from income tax Home loans education loans loans on electric vehicles are a few loans which enjoy tax exemption Can I get
Yes you read that right Much like the education and home loan car loan benefits in income tax While cars purchased for personal use may not have car loan
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Perquisites Exempted FromTax For All Employees And Not Added In Salary
Perquisites Exempted FromTax For All Employees And Not Added In Salary
Yes it can The tax sops offered by the government can lessen the financial burden considerably for home buyers The Income Tax Act of India allows exemptions on both the interest and principal
According to the income tax rules if self employed professionals like doctors lawyers CAs architects or business owners take a car loan they can enjoy tax benefits provided the
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https://cleartax.in/s/section-80eeb-deduction-purchase-electric-vehicle
Section 80EEB of the Income Tax Act allows you to claim tax savings of up to Rs 1 5 lakh on interest paid on a loan made specifically to purchase an electric car
https://cleartax.in/s/new-tax-regime-frequently-asked-questions
Yes exemption on leave encashment is available under the new tax regime In Budget 2023 the exemption threshold for leave encashment was increased 8 fold
Section 80EEB of the Income Tax Act allows you to claim tax savings of up to Rs 1 5 lakh on interest paid on a loan made specifically to purchase an electric car
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