do banks accept ITR 4S for application for loan

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A businessman wants to apply for business loan with bank. They have asked for Income Tax Return. please let me know do they accept ITR 4S??
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definately they will accept it . if you are consulant of that client provide him ITRV along with a computation sheet . some banks also want balance sheet .
Yes... Why not...?

The Business Man can give his ITR if file in ITR 4s. No more restriction for Bank Loan...
What will be the consequences if the person doesn't has a current account since his business is purely on cash basis?
As per my view., If he haven't current account, it's not a matter. But, want any bank account for ITR filing...


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