Loan for construction of house(housing loan) on business itr
This query is : Resolved
Kiran Ramdas Surve
(Querist)
29 December 2016
Dear Expert,
One of my client carrying business of Beer Shopee. He has filed IT return for last 3 assessment years for getting Housing Loan ( Construction of House ). Now, I have question that, Can he get loan from Bank for construction of house based on his business ITR or not?
One of my client carrying business of Beer Shopee. He has filed IT return for last 3 assessment years for getting Housing Loan ( Construction of House ). Now, I have question that, Can he get loan from Bank for construction of house based on his business ITR or not?
CA R SEETHARAMAN
(Expert)
29 December 2016
Yes, the banker may be interested in knowing his business income to assess his repayment capacity.
Kiran Ramdas Surve
(Querist)
29 December 2016
Dear Sir,
I have some more question , When He asked Nationalised Bank Manager for loan, they told that they not give loan for construction of house. Why they not ready to give loan for consruction of House? Any other way for obtaining loan ?
I have some more question , When He asked Nationalised Bank Manager for loan, they told that they not give loan for construction of house. Why they not ready to give loan for consruction of House? Any other way for obtaining loan ?
CA R SEETHARAMAN
(Expert)
29 December 2016
Loan is given for construction of the house by nationalised banks. Contact SBI home loan dept.
Kiran Ramdas Surve
(Querist)
29 December 2016
Thank You Sir,For your valuable suggestion. I will contact to SBI.
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