Is Interest on Kisan Vikas Patra(KVP) Taxable?
2 Replies
CA. Kapil Goel, DISA(ICAI)
(cakapilgoel.wordpress.com)
(2191 Points)
Replied 18 December 2012
The interest is taxable on annual basis (although no TDS is involved)
Rachit
(Analyst)
(913 Points)
Replied 18 December 2012
Yes it is taxable. Annual accrued interest needs to be considered at the time of filing Return of Income
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