80c- kvp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 February 2011
A person has make investment of Rs. 20000 in KVP ( kisan vikas patra for 8 & ½ year) in AY 2010-11 and Rs. 5000 in AY 2007-08 ………….can he get deduction under section 80c in current year & subsequente year upto maturity of KVP???
If not under which provision he gets deduction as investment is for more than 5 years???
If not under which provision he gets deduction as investment is for more than 5 years???
22 February 2011
KVP is .....in anyway... not covered under section 80C.
22 February 2011
the 5 year investment is applicable for Post Office CTD & Tax saver FD.
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