Interest Treatment of KVP
This query is : Resolved
18 November 2010
If i invest Rs. 1,00,000/- in Kishan Vikash Patra (KVP) during the year; What should be the Treatment of its (kvp) Interest ?
18 November 2010
Interest is taxable. It can be offered yearwise or at the time of closure / maturity depending upon the method of accounting regularly employed for declaring your income.
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