Is it taxable when property is sold under reverse mortgage
SANDEEP GARG (ARTICLE) (43 Points)
05 July 2009Is it taxable when property is sold under reverse mortgage
Sangam
(CA)
(1329 Points)
Replied 05 July 2009
it is exempt..
it will also not be treated as transfer for capital gains.
it has been exempt 4m a.y.2009-2010.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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