Capital gains
This query is : Resolved
13 January 2016
under reverse mortgage scheme notified by central government.
will capital gains be taxed at the time of alienation of property?
13 January 2016
On the sale of property by the lender on the demise of the borrower, capital gains attracts. Since the loan is self created by the demised owner, principal and interest can't be deducted from the sale value for computing CG.
26 January 2016
thank you sir
26 January 2016
thank you very much sir
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