n NISM Certifications
XVII NISM Series XVII
Medium

What is the tax treatment of income received under the Reverse Mortgage Scheme?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Fully taxable

  2. Tax-free

    Correct answer

  3. C

    Exempt up to the interest paid

  4. D

    Exempt up to Rs 25,000 per month

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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