Will Budget 2025 provide tax sops for purchase of EVs and perk-clarity?
Tax experts are anticipating that Budget 2025 will reintroduce sops for EV purchases and clarify the computation of perquisite value for company-provided cars. The perquisite value mechanism, which currently applies to conventional fuel cars, may need to include electric and hybrid vehicles to encourage their use.
Tax experts are anticipating that Budget 2025 will reintroduce sops for EV purchases and clarify the computation of perquisite value for company-provided cars. The perquisite value mechanism, which currently applies to conventional fuel cars, may need to include electric and hybrid vehicles to encourage their use.
