Where to disclose NSC and KVP purchased in revisied Schedule VI .
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Dsclosure of nsc in revised schedule vi
Replies (3)
hi,
telle me wt is NSV and KVP
hi,
telle me wt is NSV and KVP
NSC means National Saving Certificate and KVP means Kisan Vikas Patra.
It depends on your intention that for what period of time you are going to hold them.
If you will dispose them within a year show them in current assets.
If you want to hold them for more than a year than present them as long term investments.
As there is lock in period in case of NSC and KVP so generally people hold them for a longer period so show them as your long term investments.
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