A business person business loans rs:20 lacs required from bank.banker it returns and profit and loss account and balance sheet documents required.
question:
assessess rs:20 lacs business loan required sales turnover show in it returns.
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Business loan rs:20 lacs from bank
Replies (2)
Bank require last three years ITR details with P&L acc with BS.
Usually, 45 to 50 lakhs turnover with average 15% profit margin is good to be considered.
Place audited balance sheet. check cibil rating. apply thru portal. basic eligibility conditions done.
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