Assess sales turnover and net profit declare in I.t. returns details last 3years mentioned below
f.y.17-18 sales turnover Rs:7,10,000/- net profit Rs:2,98,000/-
f.y.18-19 sales turnover Rs:7,80,000/- net profit Rs:3,40,000/-
f.y 19-20 sales turnover Rs:8,10,000/-
net profit Rs:3,80,000/-
Question:
Assess how much business loan amount eligible from bank.
How much loan amount eligible from bank
Replies (1)
It will depend on bank's drawing and sanction limit which will be calculated upon turnover, profit and on stock and debtors valuation
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
