Car loan itr

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2016 I want to buy BMW car worth 60 lacks.I am Self Employed person i haven't filed income tax returns in my life time now i want to take car loan for BMW car.My Income from Self Employment is 15 lacks per annum.I want to pay 10 or 15 lacks as down payment and for rest of the amount i will take car loan.

My Question is

(1). Does i eligible for car loan?

(2).How much amount to be show in ITR to get maximum car loan?

Thanks in Advance.

Gokul Sharma

Gokul Sharma (Expert)
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04 June 2016 FIRST OF ALL YOU HAVE TO FILE YOUR ITR AS YOUR INCOME IS ABOVE THE AMOUNT NOT CHAGEABLE TO TAX.
FOR LOAN BANK DEMAND ITR OF LAST 3 YEARS.
FOR LOAN CRITERIA FOLLOW RECOMENDATION OF BANK.