The Interest earned is taxable, the Interest earned on the KVP is taxable under head Income from Other Sources.
There is no risk involved since this initiative is backed by the Government of India.
Kisan Vikas Patra is beneficial for rural area, mainly to people who dont have vuxna kontakter i bluffton iowa facility of banking. .Like KVP you can also pledge FD for the loan.But We cant compare Kisan Vikas Patra with gold and property.KVP att avgöra på grund av datum och mognad värdet av varje not is typical post sex i chennai wiki office type scheme which offers fixed return and no tax benefit.However, the application form is available online.The applicant must be an adult.All these instruments are long term investment and give fixed return.However, other comparative instruments offer many other benefits which are not available in case of investment in KVP.This will give you the tax benefit as well.But after analyzing this scheme, the Government of India realized that this scheme can be misused.Main Features of Kisan Vikas Patra.In Kisan Vikas Patra we have no limit on investment while in PPF we have maximum limit.5 Lac.However, you can get a handsome return on gold and property.But this can be done only after two years and six months.It is necessary to visit the post office to open the Kisan Vikas Patra account.There would not be any tax.Investment can be done by Individual only.According to experts, before investing in any instrument it should be compared to other instruments in the same category and then the decision should be taken accordingly.The reason is simple KVP gives fixed return, but there is no such surety with gold or property.What do you think it would be a suitable investment for.
Features of KVP Kisan Vikas Patra: The rate of Interest: Currently the rate of interest incurred on the deposit.6.
Finance minister Arun Jaitely said that KVP would act like a bearer instrument, there would not be any name in the KVP but the gazette does not say any such thing.
But there are some factors where KVP scores over NSC.
There has been lax KYC norms, hence unaccounted money used to route in KVP.
In the past the maturity period of KVP was even 5 years.