Loan to customer of itr 4s

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Atul M

Atul M (Querist)
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24 August 2014 Dear Experts, May bank give loan to customers on basis of ITR 4s?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 August 2014 Bank generally Asks only for the copy of the return. There is no requirement for any specific ITR. So ITR4S should do.

CA UMESH DULAL

CA UMESH DULAL (Expert)
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24 August 2014 Normally bank ask for BS/PL A/c along with acknowledgement of ITR, so make books of accounts.

sadashiv Rupchand Gaikwad

sadashiv Rupchand Gaikwad (Expert)
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24 August 2014 Income tax Return form is prescribed by ITD as catogorywise.But only to file Income tax return is not sufficient,satisfactory proof of correct income.Your financial statement shows financial position. But it is not for mortage purpose. Other many factors are related to income.