hello everyone, my client wants to take loan from bank but he miss to file ay 19- 20 return , so ....what is the other option available for him....to avail the loan. thank you
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Quick Summary
This discussion explores options for individuals seeking a bank loan despite having missed filing tax returns for AY 19-20. While filing the outstanding returns is highly recommended, other potential avenues include submitting estimated, projected, or provisional accounts, along with a CMA report. One user also inquired about the process and cost of obtaining a bank loan for a laptop purchase.
He should file return for ay 19-20 asap including previous 2 assessment years ITR should be submitted. Estimated, Projected, Provisional Accounts should be submitted. CMA report should be submitted