Interest on kisan vikas patra & n.s.c.

This query is : Resolved

sagar (Querist)
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15 December 2013 Dear Sir,
My Parents has purchased K.V.P. & N.S.C. with my name.right now i an doing job. Is it compalsory to show interest amount of K.V.P & N.S.C. in my return. Also tell me on the date of maturity, the maturity amount is taxable ? I have to show this in my IT Return?. What is the exact effect of this K.V.P. & N.S.C. in IT Return.

Sagar

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 December 2013 yes. you need to include interest in your in return of income. the post office etc wont deduct TDS. So you have to pay tax on this interest income on your own.

sagar

sagar (Querist)
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16 December 2013 Thanks Nikhil Sir

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 December 2013 you are welcome sagar.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 December 2013 It should be shown under income from other sources head in itr.

sagar

sagar (Querist)
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16 December 2013 Thanks Tushar

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 December 2013 you are welcome sagar.

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