ANOOP (student) (428 Points)
23 March 2013My uncle is a small business man his income is around 1.8 lacs p a, and he has filed income tax return for py 10-11 and 11-12 respectively. Now he is willing to construct a house for that he wants to avall loan from bank. CAN HE GET THE LOAN FROM AND IF YES WHAT ARE THE DOCUMENTS HE IS REQUIRED.
Mihir
(Wealth Manager)
(5293 Points)
Replied 24 March 2013
Since he is self-employed, the bank will require the following for credit assessment
1) ID proof
2) Address proof
3) Photo proof
4) IT returns for the past 3 years
5) May even ask for 1 year bank statement
6) And a certificate from a CA attesting the above.
Accordingly, the bank will determine the amount of loan he is qualified for.
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 24 March 2013
Yes bank may ask for 3 years incometax returns
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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