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Kisan Vikas patra -Deduction

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(Querist)
01 January 2010 kindly let me know under which section deduction for Kisan Vikas Patra is available ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
01 January 2010 It is not an eligible investment for deduction purpose under the Income tax Act,1961. However, on maturity of the deposit, principal is tax free and interest is taxable. Tax will not be deducted from interest.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
01 January 2010 agree. Post has only NSC which is dedectible u/s 80C
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