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Income Tax Exemption under Section 10(43) of Income Tax Act, 1961

 

Eligible Assessee

An individual

 

Nature of Income

Amount received as loan

 

 

 

Amount Exempt

Entire amount

 

Conditions laid down for Tax Exemption
The loan received either in lump sum or in installments should be in transaction of reverse mortgage as referred to in section 47(xvi).

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