Sops to recycle lithium-ion batteries
The budget is likely to offer tax incentives to use clean fuel vehicles and sops to recycle lithium-ion batteries.
The sops will meet India’s commitment to contain carbon emission and cut down on fossil fuels that will bring down imports.
Finance minister Nirmala Sitharaman is expected to extend the incentive of Rs 1.5 lakh tax deduction to interest payment on EV loan, under Section 80EEB. Tax analysts want the extension of the relief for two years.
