Mortgage expense
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2012
One of my client has mortgaged his property located in Gujarat Industrial Development Corporation and GIDC has charged 1% as administrative charges. Under which head the above expense should be shown?
06 July 2012
Dear Friend,the amount charged by the GIDC on mortgaged property of your client can be booked in Rate, rent and duties account. Thanks
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2012
Thank you Sir
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