Kvp interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2016
What happen if I reflect interst on my kvp after maturity is there any penalty
28 February 2016
No penalty, because interest can be offered either on receipt basis or due basis.
29 February 2016
To offer interest to income tax: either on receipt basis or due basis : The choice is with the assessee.
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