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CAPITAL GAINS Question 5: Mr. X reccived a loan of * 25,00,000 by mortgaging the house under reverse mortgage. The cost of the said house

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CAPITAL GAINS Question 5: Mr. X reccived a loan of * 25,00,000 by mortgaging the house under reverse mortgage. The cost of the said house was 8,00,000. State whether the capital profit of * 17,00,000 is taxable under capital gains

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