2024-09-16 06:17:54
Erstwhile FAME II subsidy is capped at ₹1.5L and vehicle cost of ₹15L and only for commercial vehicles. [Link] It has expired last year and not applicable anymore 1.5L ITR rebate also expired on 31/03/23. [Link] NEEDS_MORE_RATINGS(2-0-0) Author
2024-09-16 11:03:26
Customs duty imposed by India on imported EVs (CBU) is 70% for cars costing below $40,000 and 100% on cars costing above $40,000. Section 80EEB which provides for interest deduction of up to Rs 1.5 lakhs on EV car loans ended on March 31, 2023 [Link][Link] NEEDS_MORE_RATINGS(2-0-0) Author