Bank loan available on itr based

it assessess
sales goods business turnover rs:34 lacs f.y.21-22 profit rs:4 lacs
sales goods business turnover rs:40 lacs f.y.22-23 profit rs:4.50 lacs itr it returns filed
question:
assessess how much loan available from bank on itr turnover and profit based.
Replies (4)
Quick Summary
This discussion explores how banks determine loan availability based on your Income Tax Return (ITR) figures, specifically turnover and profit. While each bank has its own policies, providing a provisional balance sheet for the current period alongside previous financial statements can strengthen your application. For working capital loans like Cash Credit (CC), banks often consider a percentage of your digital and non-digital transactions, alongside your credit score.

Depends on bank's.Each bank has different policies it is better to ask the bank personel. It is better to go with a provisional balance sheet of current period along with previous year financial statements.
Credential Will be automatically tracked and score will be generated.
If you want to take CC than most banks use 25% of digital transaction and 20% of non digital Transaction. But credit score must.
Thumb rule may not be perfect.

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