Some succour in store for senior citizens

BUDGET & MONEY

For the last one year, mortgage lenders were awaiting clarification from the finance ministry on the treatment of money received by individuals under reverse mortgage as it is crucial to the success of this product. The loan product is considered necessary for senior citizens, who own residential property, but do not have regular means of income.  The impact

The proposal to amend the Income Tax Act to clarify that the stream of revenue received by senior citizens will not be considered