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ndira Vikas Patra-Taxable after maturity?
by krishan joshi on May 16, 2008 12:57 PM   Permalink | Hide replies

i have purchased Indira and Kisan Vikas Patra from Post office. These will mature in next year.Willthe ammount which I will get, taxable?

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  RE:ndira Vikas Patra-Taxable after maturity?
by Amitabh on May 16, 2008 09:23 PM   Permalink
No tax on principal amount.As regards the interest,yes,if you have not earlier declared the interest in your return on due basis,you will need to show them when you finally get the amount.Interest on IVP and KVP is fully taxable.

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