What is the tax liability on premature closure of KVP?

What is the tax liability on premature closure of Kisan Vikas Patra after a holding period of two years and six months from the date of opening the account? - Anonymous The premature closure of Kisan Vikas Patra (KVP) does not have a specific impact on taxation. The interest earned on KVP is added to the investor's taxable income on a yearly basis, similar to fixed deposits, and taxed as per the applicable slab rate. Kisan Vikas Patra (KVP) is a savings scheme offered by the Indian Government that allows indiv

This article was originally published on April 07, 2023.