Which of the following statements regarding the ’Kisan Vikas Patra’ (KVP) is not true?
A. Certificate can be transferred from one person to another
B. Amount invested doubles in 100 moths
C. The interest earned on KVP is fully exempt under 80C of IT Act
D. There is no maximum limit on investment
Answer:C
Which of the following statements regarding the ’Kisan Vikas Patra’ (KVP) is not true?
A. Certificate can be transferred from one person to another B. Amount invested doubles in 100 moths C. The interest earned on KVP is fully exempt under 80C of IT Act D. There is no maximum limit on investment