03 September 2016
Dear Sir, We need Income tax return for last 3 year for loan purpose. Can i file income tax return for last 3 years i.e FY 2015-16, FY 2014-15, FY 2013-14.?????
03 September 2016
I will tell you one example .when a customer produced the IT return for the last two years .the controlling office asked the branch manager who forwarded the loan application how did you assess the repayment capacity if the proposed borrower My answer to your question is Yes you can But you should have cleat answer why you have failed to file the return in time But the loan is for small amount you would have no problem Kindly take it lightly I hope I have answered the question