do banks accept ITR 4S for application for loan

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A businessman wants to apply for business loan with bank. They have asked for Income Tax Return. please let me know do they accept ITR 4S??
Replies (4)
definately they will accept it . if you are consulant of that client provide him ITRV along with a computation sheet . some banks also want balance sheet .
Yes... Why not...?

The Business Man can give his ITR if file in ITR 4s. No more restriction for Bank Loan...
What will be the consequences if the person doesn't has a current account since his business is purely on cash basis?
As per my view., If he haven't current account, it's not a matter. But, want any bank account for ITR filing...

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