https://www.taxtmi.com/manuals?id=980 Any transfer of a capital asset in a reverse mortgage transaction under a scheme notified by the Central Government is not regarded as a transfer for capital gains purposes. The provision applies to an individual transferor and a residential house property, and the amount received as a loan, whether in lump sum or instalments, is stated to be exempt from income tax. en-us Wed, 26 Aug 2015 09:58:00 +0530 Tue, 16 Jun 2026 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=980 Any transfer of a capital asset in a reverse mortgage transaction under a scheme notified by the Central Government is not regarded as a transfer for capital gains purposes. The provision applies to an individual transferor and a residential house property, and the amount received as a loan, whether in lump sum or instalments, is stated to be exempt from income tax. Manuals Income Tax Wed, 26 Aug 2015 09:58:00 +0530 https://www.taxtmi.com/manuals?id=980