A reader asks how to avoid double taxation on the interest earned from a Kisan Vikas Patra (KVP) investment. KPMG India advises on tax implications and suggests offering the interest to tax on either a cash or mercantile system of accounting. The reader is also informed that a minor can have a PPF account opened on their behalf by a guardian.
A reader asks how to avoid double taxation on the interest earned from a Kisan Vikas Patra (KVP) investment. KPMG India advises on tax implications and suggests offering the interest to tax on either a cash or mercantile system of accounting. The reader is also informed that a minor can have a PPF account opened on their behalf by a guardian.
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