Dear Team,
My client is going to take the CC OD limit of Rs 17 Lakhs from Bank on the collateral security of Rs 35 Lakhs of Land.For that estimated and projected balance sheet is required.I want to know what should be the Gross Receipt(as he is a professional Doctor) which should be shown in estimated balance sheet of 2018 and projected balance sheet of 2019 of his hospital.
Does loan taken in personal capacity is also required to be shown in estimated and projected balance sheet of Hospital.
ITR filed in personal capacity is Rs 5.5 lakhs by him and around 5 lakhs by his wife.Bank is considering both ITR.
CAclubindia
