04 March 2021
Assess sales turnover and net profit declare (itr) show in it returns filed details mentioned last 3years below. F.y.17-18 sales turnover Rs:7,10,000/- and net profit Rs:2,90,000/- F.y 18-19 sales turnover Rs:7,50,000/- net profit Rs:3,50,000/- F.y.19-20 sales turnover Rs:8,00,000/- and net profit Rs:3,90,000/- Question: Assess how much amount business loan eligible from bank for itr based.
25 September 2021
There is no specific formula, all the financial institutes have their own criteria. It also depends upon your relations with the bank. So, I have given here average figure.
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