Definition of Electric Vehicle for Section 80EEB: Must be Powered by Electric Motor and Have Regenerative Braking System.
An electric vehicle, as defined for section 80EEB(5)(a) of the Income Tax Act 1961, is a vehicle solely powered by an electric motor. The vehicle's traction energy must be exclusively supplied by a traction battery installed within it. Additionally, it must feature an electric regenerative braking system that converts kinetic energy into electrical energy during braking.
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Definition of Electric Vehicle for Section 80EEB: Must be Powered by Electric Motor and Have Regenerative Braking System.
An electric vehicle, as defined for section 80EEB(5)(a) of the Income Tax Act 1961, is a vehicle solely powered by an electric motor. The vehicle's traction energy must be exclusively supplied by a traction battery installed within it. Additionally, it must feature an electric regenerative braking system that converts kinetic energy into electrical energy during braking.
Definition of Electric Vehicle for Section 80EEB: Must be Powered by Electric Motor and Have Regenerative Braking System.
An electric vehicle, as defined for section 80EEB(5)(a) of the Income Tax Act 1961, is a vehicle solely powered by an electric motor. The vehicle's traction energy must be exclusively supplied by a traction battery installed within it. Additionally, it must feature an electric regenerative braking system that converts kinetic energy into electrical energy during braking.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.