80c- kvp

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 February 2011 A person has make investment of Rs. 20000 in KVP ( kisan vikas patra for 8 & ½ year) in AY 2010-11 and Rs. 5000 in AY 2007-08 ………….can he get deduction under section 80c in current year & subsequente year upto maturity of KVP???
If not under which provision he gets deduction as investment is for more than 5 years???

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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22 February 2011 KVP is .....in anyway... not covered under section 80C.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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22 February 2011 the 5 year investment is applicable for Post Office CTD & Tax saver FD.

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