New Kisan Vikas Patra: 5 Tax Implications You May Not Be Aware Of !

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Kisan Vikas Patra or KVP is relaunched by the government which was discontinued by the earlier UPA government  from December 1, 2011 following the recommendations of the Shyamala Gopinath committee. The committee had suggested closure of KVP  on the ground of scheme being prone to misuse by tax evaders. Now , new KVP is relaunched with media push  with the added news that PAN will not be required or Know Your Customer or KYC  exercise will not be done . Are you jumping with the joys?Then read carefully , the devil lies in details .You will be shocked to know the tax implications of new KVP

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