deduction in respect of KVP

Dear Swati,

NSC

1)  On Investment - Deduction u/s 80 C is allowed

2) Accrual of Interest  - Taxable under Income From Other Sources(If accrual method is followed) + Deduction u/s 80 C is allowed since amount of Interest gets reinvested.

3) On Maturity of NSC - Principal as well as Interest (if cash method is followed) is Taxable under Income from Other Sources..(There are few schemes in which only Interest is taxable)

KVP

1) On Investment - No deduction is available u/s 80 C

2) Interest - Taxable every year if accrual method is followed otherwise entire amount of Interest is taxable on maturity.

3) Maturity - Principal is not taxable..

sir

from when it is applicable, i feel that deduction is allowed and i invest in that.

pls. reply

thankss

Pls check this link -

https://www.raagvamdatt.com/Comparison-between-NSC-and-KVP/65/

Inv in KVP is not allowed as deduction

I invested in KVP in the Year 2009 and i am getting Interest since then every Year. i am filing return of Income for the first time in year 2015-16 . so my question is that is my entire interest is taxable( 2009-2015) under the head other sources while filing my return of Income.

regards,

Subham