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TUESDAY, NOVEMBER 24, 2009
Reverse mortgages fail to take off in India
Experts and analysts say that the scheme has failed because of confusion relating to tax treatment
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There are number of employees who availed voluntary retirement and whose age is less than 60 years. If the age is reduced to above 55 years as against 60 then the number persons availing the above loan will increase many fold. Such persons also know how to make use of the loan and also repay the same before it becomes due and repayable.
vasant
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