Money Saver India

Tax breaks for seniors on the house

The annuity income from a reverse-mortgage loan will become tax-free. The government has also scrapped the restriction of a 20-year annuity payment and said it would be applicable as long as the owner lives. Go

The annuity income from a reverse-mortgage loan will become tax-free. The government has also scrapped the restriction of a 20-year annuity payment and said it would be applicable as long as the owner lives. Go here for more.

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