Team-BHP > Electric Cars

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Old 24th December 2019, 16:13   #1
Join Date: Feb 2016
Location: Chennai
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Default EV financial guide - IT deductions, preferred bankers/FIs/Insurance providers, special procedures

EV owners / prospective owners,

Please share your experience / research on,
  • Income Tax deductions - Section 80EEB was introduced in the budget 2019 but there is very little information about it. Does anyone plan to avail it in AY 2020-2021?
  • Preferred bankers / Financial Institutions - The finance team needs to be a little savvy to comprehend and process these loans. Are there some banks/FIs better than others in this aspect?
  • Special procedures - An EV auto loan as opposed to a regular auto loan involves any special procedures that one needs to be aware of?
  • Other pointers - Insurance service providers, etc.
Mods, Please merge if a topic already exists.

AmazinSam is offline   (2) Thanks

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