A LADY NAME MANJU DEVI HAS TO COME TO MY OFFICE , SHE NEEDS A CASH CREDIT LOAN OF 300000 AGAINT STOCK , SHE HAS NEVER FILED INCOME TAX RETURN , SHE HAS A KIRANA STORE . HOW SHALL I DRAFT HER INCOME TAX RETURN THAT SHE EASILY GETS THE LOAN OF 300000. WILL I HAVE TO MAKE PROJECT REPORT ALSO FOR CC OF 300000/-. BALANCE SHEET AND P/L HOW I SHALL DRAFT , I MEAN WITH WHAT PLANNING SHALL I GO WITH
1 Replies
VIKASH KUMAR JAIN
(Audit Executive)
(711 Points)
Replied 03 December 2013
Hi Soniya. For CC Loan, so far I know, projection of your future requirement of working capital in the Kirana store needs to be presented before bank.So for drafting such projection, you will also need to draft your projected p&l and b/s. as well.It will help you........
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