KVP (KISAN VIKAS PATRA ) Matured in F.Y. 2024-25
This query is : Open
03 September 2025
Respected Sir
My Freind Invested in KVP - kisan Vikas Patra ( Post office Savings Scheme ) approximately 8 years Before of Rs. 8 Lakh
KVP matured in F.Y. 2024-25 amount of Rs 16 Lakh. out of this amount 8 lakh Rs. is interest
this Entire Interest amount 8 Lkah Rs. Shown in F.Y. 2024-25
He never Filled Return earlier.
My question is this interest amount is For all 8 year So Can i Show In F.Y. 2024-25 only One Year interest on accrued Basis that is Approximately 1 lakh and in AIS give Feedback that other Interest i.e. 7 lakh Rs. is For Previous Year and i will also File Previous 3 Year Return u/s 139(8A) Showing Interest on accrued Basis
My Freind Invested in KVP - kisan Vikas Patra ( Post office Savings Scheme ) approximately 8 years Before of Rs. 8 Lakh
KVP matured in F.Y. 2024-25 amount of Rs 16 Lakh. out of this amount 8 lakh Rs. is interest
this Entire Interest amount 8 Lkah Rs. Shown in F.Y. 2024-25
He never Filled Return earlier.
My question is this interest amount is For all 8 year So Can i Show In F.Y. 2024-25 only One Year interest on accrued Basis that is Approximately 1 lakh and in AIS give Feedback that other Interest i.e. 7 lakh Rs. is For Previous Year and i will also File Previous 3 Year Return u/s 139(8A) Showing Interest on accrued Basis
03 September 2025
Unless you had filed the earlier return for declaration of KVP interest, you cannot file feedback in AIS. At the same time the interest of preceding years will be added to current ITR.
03 September 2025
So than First i File updated Return Of Previous Years and Delcare accrued Interest and After that give Feedback in AIS and File A.Y. 2025-26 Return
03 September 2025
That would be better option.
Message likes :
1 times
03 September 2025
Sir, Probability of Notice For Given Feedback in AIS ? (for Changes Interest Income)
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