https://www.taxtmi.com/article/detailed?id=317 The Reverse Mortgage Scheme, 2008 treats reverse mortgage as a secured loan against a residential capital asset in India, limited to specified eligible persons and approved lending institutions, permitting periodic and capped lump-sum disbursements, requiring detailed borrower documentation including legal heirs and registered will, capping contractual tenure, and placing repayment liability on the mortgagor or legal heirs with lenders authorised to recover unpaid amounts from sale of the property; transfers under the scheme are excluded from capital gains taxation. en-us Tue, 24 Mar 2009 00:00:00 +0530 Tue, 24 Mar 2009 06:55:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=317 The Reverse Mortgage Scheme, 2008 treats reverse mortgage as a secured loan against a residential capital asset in India, limited to specified eligible persons and approved lending institutions, permitting periodic and capped lump-sum disbursements, requiring detailed borrower documentation including legal heirs and registered will, capping contractual tenure, and placing repayment liability on the mortgagor or legal heirs with lenders authorised to recover unpaid amounts from sale of the property; transfers under the scheme are excluded from capital gains taxation. Articles Income Tax Tue, 24 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=317