CURRENT AFFAIRS

2023

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which state exempted Electric Vehicles buyers from tax and registration fees?

A	Uttarakhand
B	Uttar Pradesh
C	Maharashtra
D	Chhattisgarh

Explanation:

Detailed explanation-1: -Uttar Pradesh government exempts Electric Vehicles buyers in state from tax, registration fees.

Detailed explanation-2: -The 100 per cent tax exemption in UP will be given on EVs sold and registered in the state from October 14, 2022 to October 13, 2025. Moreover, a 100 per cent rebate will be given on EVs manufactured, sold and registered in the state from October 14, 2025 to October 13, 2027.

Detailed explanation-3: -The 80EEB is a section of the Income Tax Act, specially curated for electric vehicle buyers who avail of vehicle loans to purchase an EV. This section allows an individual taxpayer to claim a deduction of up to ₹1.5 lakh on the interest component of the vehicle loan taken to purchase the EV.

There is 1 question to complete.