How much tax for loan?

garvit bharti (CA FINAL) (370 Points)

20 July 2014  

one of my client wants to take loan from bank.

suppose he wants a loan of amount 5 lakhs,then he has to provide the ITR of atleast 2 years ..Most probably banks will consider ITR for 3 years.

now i want to ask that how much income shoulb be shown in ITR and how much tax should he pay to get that loan??

pls suggest

thanks