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Bank loan

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(Querist)
28 November 2016 If Income tax Return filed u/s 44AD, is it eligible to take bank loan (Property Mortgage Loan)? He has Business but proper books of Accounts not maintained by him thats why his auditor filed Income tax return u/s 44AD.
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CA HARDIK

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CA HARDIK (Expert)
28 November 2016 yes he can get a loan
if he is not maintain proper books of account.
then from from the available data prepare approximate b/s.
but in mortgage loan mostly banks are looking itr.
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