Any transfer of a capital asset in a transaction of Reverse Mortgage - (New) Section 70(1)(zh) / (old) Section 47(xvi)

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Full Text of the Document

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....t regarded as transfer Transferor Transferee Capital asset involved 70(1)(zh) of a capital asset in a transaction of reverse mortgage under a scheme notified by the Central Government; Individuals Any person Residential House Property Note :- Any amount received as a loan, either in lump sum or in instalment, in a transaction of reverse mortgage would be exem....