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EV Loan Deduction Statement

EEB

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0% found this document useful (0 votes)
81 views1 page

EV Loan Deduction Statement

EEB

Uploaded by

rahulsatsinha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Date : 14/01/2025 TO WHOMSOEVER IT MAY CONCERN

TYPE : 589- CAR LOAN-VARIABLE RATE-MONTHLY CAR ()

PROVISIONAL STATEMENT for claiming deduction under 80EEB of the INCOME-


TAX ACT,1961 for the period 01/04/2024 to 31/03/2025

This is to certify that MR SATKUT MOHSIN MUSHTAQ


(Loan account number 9001509743) has/have been granted a CAR LOAN
of Rs. 18,34,000 @9.80% per annum* in respect of the following car :
Tata Nexon EV Max XZ Plus, Registration No MH46 CV 1710
The above loan is REPAYABLE in Equated Monthly Instalments (EMIs) comprising
Principal and Interest. The total amount of EMIs payable from 01/04/2024 to
31/03/2025 is Rs. 7,08,072.00. The break-up of the amount into Principal and
Interest is given below :

PRINCIPAL COMPONENT Rs. 5,32,548.00


INTEREST COMPONENT Rs. 1,75,524.00

NOTES :
1. Interest is calculated on monthly rests. Principal repayments
are credited at the end of each month.
2. Interest and Principal figures are subject to change in case
of prepayment/s and/or change in repayment schedule.
3. Principal repayments through EMIs and/or Prepayments qualify for deduction under Section 80EEB,
if the amounts are ACTUALLY PAID by 31/03/25.
4. Deduction under Section 80EEB can be claimed only if:
a. The loan is sanctioned anytime during the period starting from 1 April 2019 till March 2023
b. “Electric Vehicle” has been defined to mean a vehicle which is powered exclusively by an
electric motor whose traction energy is supplied exclusively traction battery installed in the
vehicle.

THIS STATEMENT BEING PROVISIONAL IN NATURE REQUIRES NO AUTHORISATION FROM


HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED (PAN: AAACH0997E)

MR SATKUT MOHSIN MUSHTAQ


FLAT-404,FLOOR-4, S.S.HERITAGE,
PLOT 9,SECTOR 20,ULWE NAVI,
MUMBAI,
,RAIGARH-MS-410206

Regd. Office: Ramon House, H T Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400
020. Tel: 66316000, 22820282. Fax: 022-22811205, 22046834, 22046758., CIN:
L70100MH1977PLC019916

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