Income tax
This query is : Resolved
26 March 2018
Dear Experts,
For Business loan , which Income taken into account. i.e, Gross or Net Total Income
For Business loan , which Income taken into account. i.e, Gross or Net Total Income
27 March 2018
We usually take Net Annual income after deductions
28 March 2018
Sir, deduction under chapter VI A are not expenses, then also why Gross Total Income is not taken into consideration for bank loan purpose
16 November 2021
Banks consider net profit of the business, for last three years along with turnover ratio.
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