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bank loan

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(Querist)
30 June 2010 one of my client is goin to rise loan from bank , bank wants his return of income for 3 years. my client filed an invalid return for one year. whether it is accepted by the bank?
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Rahul Gupta

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Rahul Gupta (Expert)
30 June 2010 Normally , the banks purpose of asking ITR for last 3 years is to detremine your income and earning continuity..
In case, you file the invalid return, then disclose the fact and submit them the new return, in my view it will work.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
30 June 2010 AGREED WITH RAHUL JI.
IF DATA RELATED TO INVALID RETURN IS CORRECT AND YOU HAVE VALID PROOF OF DATA . THEN THEY CAN CONSIDER IT.
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