Ratios to b checked while filling return for loan of 500k

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2014 Dear All,

I have to file ITR for F.Y. 2013-14 for an Individual. She is a Fashion Designer and make garments in form of works contract as well as provide services also. She wants to apply for Business loan of Rs. 5 Lakhs. She maintained no books of accounts (BOA) till date. I have made BOA on the basis of available Information received. Its sales at present is around 8.5 lakhs but showing loss of aprox 4.5 lakhs. Cash is also very less as per Balance sheet.

Kindly let me know on what points I should pay attention specifically and finalize her return. Like what shall be cash?or what r d ratios which I should check, what shall b d profit, what shall be d minimum sales? etc...

Kindly help and reply ASAP


12 July 2014 There may be some calculation mistake and possibility of Considering capital exp. for calculation of loss. No bank can entertain this loan proposal on the given data

12 July 2014 There may be some calculation mistake and possibility of Considering capital exp. for calculation of loss. No bank can entertain this loan proposal on the given data


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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2014 Dear Sir/Madam,

Thanks for your reply.

Yes as per present data no bank would provide loan. But what effects shall be given for same? Can I increase sale/work contracts for for more than 9 lakhs? and reduce the loss. ST registration may get apply as she takes works contract as well as provide professional services also.



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