what is euitable mortgage charges in case of bank loan and when these are debited to the account and on which type of loan equitable mortgage charges debited? please explain with reference to revenue audit.
2 Replies
SAURABH KASTURIWALE
(PRACTISING C.A.)
(160 Points)
Replied 06 March 2014
equitable mortgage is created by banks which giving cash credit loans or housing loans.
however, in case of housing loans some banks give waiver of equitable mortgage charges.
check as per bank's circulars.
Recent Topics
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
Related Threads
CAclubindia
