Post Office Monthly Income Scheme (POMIS)

• What are the tax implications on investment in Kisan Vikas Patra?
  
There are no tax benefits on the KVP or on the interest earned from this instrument. ......
• Can a Kisan Vikas Patra (KVP) be purchased by Karta on behalf of Hindu Undivided Family (HUF)?
  
No, there is no provision for a Karta to buy a KVP on behalf of the HUF. ......
• Can Kisan Vikas Patra be purchased by non-resident Indians?
  
No, non-resident Indians are not eligible to purchase Kisan Vikas Patra. ......
• Can co-operative banks/co-operative societies invest in Kisan Vikas Patra (KVP)?
  
No, co-operative banks/co-operative societies cannot invest in KVPs according to Rule 6 of the Kisan Vikas Patra rules. ......

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Post Office Recurring Deposit (PO-RD)

• What are the tax implications on investment in Kisan Vikas Patra?
  
There are no tax benefits on the KVP or on the interest earned from this instrument. ......
• Can a Kisan Vikas Patra (KVP) be purchased by Karta on behalf of Hindu Undivided Family (HUF)?
  
No, there is no provision for a Karta to buy a KVP on behalf of the HUF. ......
• Can Kisan Vikas Patra be purchased by non-resident Indians?
  
No, non-resident Indians are not eligible to purchase Kisan Vikas Patra. ......
• Can co-operative banks/co-operative societies invest in Kisan Vikas Patra (KVP)?
  
No, co-operative banks/co-operative societies cannot invest in KVPs according to Rule 6 of the Kisan Vikas Patra rules. ......

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Decision-making Corner

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