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KVP

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24 August 2009 Whether difference amt recd on maturity of KVP is taxable
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
24 August 2009 I am not sure but it Should not.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 August 2009 Interest is taxable. Ref:- Page 2.83 of Taxmann's Master Guide to Income tax Act- 18th edition.
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Manoj

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Manoj (Expert)
24 August 2009 Yes it is fully taxable.

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