What is the difference between Mortgage, Pledge and
Hypothecation? Reply.....
Answer Posted / rajkiran
Mortgage is charge on immovable property. e.g. land, house, e.t.c. (an exception is ships, though they are movable)
Pledge or Hypothecation is charge on movable assets.
Pledge is when the lender takes the possession of goods, e.g. gold, certificates, e.t.c. In case of a default by the borrower, the ownership is transferred to the lender.
Hypothecation is when the possession of the goods is with the borrower, e.g. vehicle loans, loan against stocks. In case of a default by the borrower, the possession and ownership will be transferred to the lender.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How to calculate rental exemption if HRA is not given seperately and what will be the maximum allowability and under which Section of Income tax
What is means by Central Excise ? How to calculate Central Excise ? Central Excise form No. is ?
Apply for TDS certificate in bank for rent purpose is wrongly entry as 94C instead of 94I. Is any problem?
What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19
tds will be charged by hotel industry on what
Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states
Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??
Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.
I plan to buy a new flat in Hyderabad which has never been registered before. Area of the flat is 1115 Sq. ft. I intend to know the following things.1.) what should be the amount of registration?.2.) Is there any VAT. If there is VAT what is the percentage?.3.) Is there any service tax. If so, what should be the percentage? as per F.Y 12-13 rule
In an E1 trasaction, if the dealer fails to get the E1form from his supplier& submit it to the Sales Tax Authority, then how much will be the expected penalty from Sales Tax department, if the local tax of those item is 14.5%? Please Note: Dealer has submitted all other documents to sales tax including customer Cform expect E1 form. Kindly give us the valuable answer with the supporting CST circular number.
what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it
Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.
How to calculate excise duty on mobile products?
how to calculate tax for the income earners
I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.