![]() | #241 |
BHPian ![]() Join Date: Sep 2018 Location: Pune
Posts: 233
Thanked: 624 Times
| ![]() I was referring to a private buyer, not a business. For the latter, yes depreciation can be claimed. |
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![]() | #242 |
BHPian Join Date: Jun 2011 Location: Chennai
Posts: 173
Thanked: 146 Times
| ![]() I called Hyundai for a test-drive/demo in Chennai but they said the car would be available only in August. Does anyone else have more information on this? |
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![]() | #243 |
Newbie Join Date: Aug 2018 Location: Malappuram
Posts: 6
Thanked: 6 Times
| ![]() This is really exciting. Can't wait for Tesla to come to India one day! ![]() |
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![]() | #244 | |
BHPian Join Date: Oct 2007 Location: Bangalore
Posts: 540
Thanked: 895 Times
| ![]() Quote:
Rs220146 for Year1, Rs194437 for Year2, Rs166247 for Year3 and 135337, 101442, 64276 and 23522 for years 4,5,6 and 7. I guess quite a sizeable amount can be saved on the income tax for people in top most bracket IT slab. | |
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![]() | #245 | |
Senior - BHPian | ![]() Quote:
Drive on, Shibu. | |
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![]() | #246 |
BHPian Join Date: Oct 2007 Location: Bangalore
Posts: 540
Thanked: 895 Times
| ![]() Even I am not sure about that, but I definitely remember our Finance Minister mentioning that this benefit will help the people save 2.5L over the period. If it is a one time deduction, the max someone can save is 50K (30% of 1.5L). |
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![]() | #247 | |
Senior - BHPian ![]() Join Date: Jul 2006 Location: bangalore
Posts: 1,831
Thanked: 2,821 Times
| ![]() Quote:
So in the above example, the benefit for the first year is limited to 1.5L out of 2.2L interest and for the second year it will be 1L out of 1.9L and that ends the tax benefit. This is as of this year's budget. This might get expanded over the next budget's depending on the response. | |
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![]() | #248 |
BHPian ![]() Join Date: Jul 2009 Location: Earth
Posts: 548
Thanked: 397 Times
| ![]() GST rate on all Electric Vehicles reduced from 12% to 5% and of Charger or Charging stations for EVs from 18% to 5%. Hiring of electric buses (capacity more than 12 passengers) by local authorities exempted from GST. Changes - Effective from 1st August, 2019. source: PIB, Govt. of India. |
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![]() | #250 | |
BHPian ![]() Join Date: Jul 2019 Location: Chennai
Posts: 261
Thanked: 795 Times
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Just look at the impact of the blast ![]() | |
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![]() | #251 |
BHPian ![]() Join Date: Sep 2017 Location: KA 01-09
Posts: 791
Thanked: 1,355 Times
| ![]() Well, the explosion inside the engine runs the piston in an ICE vehicle. What do we have here? An explosion outside is deadly. Imagine someone would’ve been driving the time bomb. Don’t mean to demean the EV’s but this is deadly scary. Imagine a company like Hyundai who’s known for good products, they’ve a vehicle that’s blown half of the house into pieces. Imagine budget EV cars that we are likely to see in the coming days. We have seen cases with ICE too. Anyways it’s all luck at the end of the day and hope Hyundai compensates the owner with the car atleast whilst mostly the repairs of the house is going to be taken care by the insurance. But will this have a negative impact on Kona worldwide? |
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![]() | #252 |
BHPian ![]() Join Date: Nov 2018 Location: KL08
Posts: 386
Thanked: 995 Times
| ![]() https://www.autocarindia.com/car-new...59-lakh-413670 The Kona's price has been updated and now starts at Rs.23.71 Lakhs post the GST Cut. So the price difference between the Kona EV and the Creta 1.6D SXO is down to 8.2Lakhs! Last edited by Aditya_Bhp : 2nd August 2019 at 15:52. |
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![]() | #253 | |
Senior - BHPian ![]() Join Date: Jul 2006 Location: bangalore
Posts: 1,831
Thanked: 2,821 Times
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![]() | #254 |
BHPian Join Date: Sep 2004 Location: Bangalore
Posts: 191
Thanked: 178 Times
| ![]() In Blr, Creta SX(O) CRDi is 19.70L OTR compared to 24.2 L OTR for Kona, post GST cut (source : Cardekho). You add 2.5L of interest which is tax exempt (benefit of Rs. 75000 for 30% tax bracket folks) and the difference is down to 3.75L. Kona will sell well in cities where general RTO tax is high and EV tax is less. ~m |
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![]() | #255 |
BHPian ![]() Join Date: Nov 2018 Location: KL08
Posts: 386
Thanked: 995 Times
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