Post office KVP income.

To avoid paying tax twice on your KVP interest, do not declare the total maturity interest in your current ITR. Instead, calculate the interest that pertains specifically to the current financial year by subtracting the interest you have already declared in previous years from the total interest received at maturity. Report only this difference as "Income from Other Sources" and keep a detailed reconciliation statement as proof for your records.

Thanks for your reply. But, according to your suggestion my declared income figure from Other Sources will be much less than the pre-filled income figure from Other Sources in my ITR this year. Is this okay? Also, request you to enlighten me as to the preparation of (details) of "Reconciliation statement", you have suggested. I've kept (declared )year by year KVP interest accruals in my previous ITRs. Thanks once again. 

Thanks for your reply. But, according to your suggestion my declared income figure from Other Sources will be much less than the pre-filled income figure from Other Sources in my ITR this year. Is this okay? Also, request you to enlighten me as to the preparation of (details) of "Reconciliation statement", you have suggested. I've kept (declared )year by year KVP interest accruals in my previous ITRs. Thanks once again.