Free ebook for Income Tax Planning for FY 2019-20<\/a><\/p>\n<\/blockquote>\nI don\u2019t think just this is going to push people to buy electric cars as the infrastructure to run these cars is still not in place yet<\/strong>. However, by giving clarity for next 5 years about the tax break, everyone from car companies, infrastructure builders to consumers may keep an eye on emerging new electric vehicles. In this Budget the GST on electric cars have been reduced to 5% – which would further help in lowering the cost<\/p>\nBut for now very few tax-payers would be able to take tax benefit of Section 80EEB.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"In the full Budget, presented on July 5, 2019 a new section 80EEB was introduced which would give tax exemption up to Rs 1.5 Lakhs on interest paid for purchase of electric vehicles provided it fulfills certain 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