Kisan Vikas Patra tax on Interest

Dario Dias (None) (63 Points)

25 December 2010  

I have purchase Kisan Vikas Patra woth 4 lacks on 15/4/2010.Do I have to show/liable for taxation, Interest of KVP for the financial year 2010-2011 ? If yes how do I calculate ? If not then in which financial year and what interest amount will be shown/liable for taxation ?