Loan from itr-4s
This query is : Open
Ankit Patel
(Querist)
07 June 2016
Hi Everyone....
as we all know we are not required to give Balance Sheet and P&L A/c along with return under ITR-4S
So I Want to know if I file income tax return as per loan requirement through ITR-4S.
Kindly explan :-
1) ITR-4S can serve my purpose for obtaining loan from bank. i.e. May Bank give loan to customer on the basis of ITR-4S
2) ITR 4 must for Loan
as we all know we are not required to give Balance Sheet and P&L A/c along with return under ITR-4S
So I Want to know if I file income tax return as per loan requirement through ITR-4S.
Kindly explan :-
1) ITR-4S can serve my purpose for obtaining loan from bank. i.e. May Bank give loan to customer on the basis of ITR-4S
2) ITR 4 must for Loan
CA Bhinang Tejani
(Expert)
07 June 2016
bank can give loan on ITR-4S also but in that case you to prepare B/S and P&L, in same manner you would have made for ITR 4
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