ilmscore | Electric Cars Help You Save Tax

Electric Cars Help You Save Tax

Published: 2022-01-28
Status: Available | Analyzed

Predictions from this Video

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Unrated: 0
Prediction
Topic
Status
Purchasers of electric cars can claim interest paid on vehicle loans as a deduction against taxable income, potentially saving up to 66,000 rupees in taxes.
"now you can use this as a reduction against your taxable income saving you up to 66,000 rupes in taxes"
Electric Car Tax Benefits
Pending
The Goods and Services Tax (GST) for electric cars is 5%, significantly lower than the 28% for normal cars.
"the GST for electric cars is only 5% whereas for normal cars it's about 28%"
Electric Car GST
Pending