I am practicing as tax consultancy, in my practice i am facing one problem i.e, if a business person comes to my office and ask me to file IT Return but before filing he will ask how much loan can i get based on this Income Tax Returns
if i tell you show your original income and banker will tell how much loan you can get then party(customer) will go and meet other tax consultant
23 July 2012
generally it will be 50 months take home pay depending upon the age of employee such that it covers the repayment before his retirement.his bank statement will reasonbly self speaking to know his capacity to repay in case of businessmen
23 July 2012
Dear Friend, Generally bank will provide four times net income declared by the assesee in his income tax returns. so keep it in your mind. Thanks
CAclubindia
