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INDIRA VIKAS PATRA

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09 April 2011 SIR. IS THERE ANY TAX DEDUCTION AVAILABLE FOR AMOUNT DEPOSITED IN INDIRA VIKAS PATRA? AND HOW IS INDIRA VIKAS PATRA DIFFERENT FROM KISAN VIKAS PATRA
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
09 April 2011 1. Indira Vikas Patra scheme is withdrawn and no longer available for investment.
2. Investment in Kisan Vikas Patra is not eligible for deduction under section 80C. Interest on such deposit is also taxable. However income tax will not be deducted at source from such interest.
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