1- One of my friend is living in USA. Can he 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?
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1- One of my friend is living in USA. Can he 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?
No, The Non Resident Indians are not eligible to purchase Kisan Vikas Patra.Quote:
Originally Posted by Hemant
Rate of interest 8.40% compounded annually.Quote:
2- How often interest will be paid or compounded till maturity?
Interest income taxable but no TDS.Quote:
3- Will TDS be deducted at the time of maturity for interest portion?
I don't think the ROI is correct.Quote:
Originally Posted by Natraj