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Project report query & fees

Tax queries 3873 views 2 replies

shobhit

339 Points Joined February 2014

Friends/ that will be the first time that i am taking an assignment for project report... i am expecting some help and guidance from you.... i talked with the client... he said bank is asking for project report for loan.... he is already running beauty parlour and want to extend it.... now i have the following questions.

1. he has never filed any ITR yet so i will fill there two financial year ITR at current date...what should be the fees for that.??

2. is it compulsory to have promotors capital involved in the project report.?? ya bank can ask how much will be your contribution in that project... so he say that he is already having a beauty parlour so why there is a need of capital from my side.? that was actually his query.

3. he wants 4 to 5 lakhs loan..

please comment on these points that will help me also please provide me any sample project report format for beauty parlor....and suggest me what should be the fees for all that work..

thank you.

Replies (2)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

208340 Points Joined July 2016

1. Depends upon many factors, specifically based on work load.

2. Original capital investent in the existing business is his capital, if own premises, sound proposal, otherwise gets delayed.

3. Cash flow statements for last 3 years to be prepared. Any goodwill & expertise in business along with risk factor are main criteria for loan proposal. Generally 3 to 5% are charged, but depends upon professional approach.