NARESH V (Accountant) (93 Points)
07 May 2018Dear All,
One of my client maintain proprietorship form and his started business on FY 2017-18 and his turnover is Rs. 11.00 Lakhs.
He decided to go to Bank loan ( SBI ) for the FY 2018-19 for business extention purpose. Banker asked for Latest filed ITR.
The please suggest the following doubts.
1. Which ITR to be filed.
2. Which details asked by bankers ( only ITR and bank statement enough).
3. we are not maintained Balance sheet and P & L A/cs .
Please suggest as early as possible
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 07 May 2018
As such you could have filed ITR4 for no accounts case.........
But because of Bank's requirements it is advisable to prepare books of accounts and file ITR3 (Online utility yet to be released by CBDT). Fill BS & P&L acc. with Books maintained option.
CAclubindia
