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?
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.
Rate of interest 8.40% compounded annually.2- How often interest will be paid or compounded till maturity?
Interest income taxable but no TDS.3- Will TDS be deducted at the time of maturity for interest portion?
In order to get a Loan, you first need to prove that you don't need it.
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