PDA

View Full Version : I am an NRI. Few queries on Kisan Vikas Patra?



ag35
26-08-2012, 02:14 AM
I am an NRI. Few queries on Kisan Vikas Patra -
1- Can I invest in KVP?
2- How often interest will be paid or compounded till maturity?
3- Will TDS be deducted at the time of maturity for interest portion?

Expert
26-08-2012, 07:00 PM
I am an NRI. Few queries on Kisan Vikas Patra -
1- Can I invest in KVP?
Non-Resident Indian are not eligible to purchase.



2- How often interest will be paid or compounded till maturity?
Rate of interest compounded annually.



3- Will TDS be deducted at the time of maturity for interest portion?
Interest income taxable but no TDS