Taxable ITR For Home Loan Apply

bank  will first checks his monthly income then 

his capacity of repayment and then his mortgage  he

gives for loan then cibil report so for all that he has show

high profit and pay tax as per applicable 

1. First of all his Income Tax Return along with his balance sheet and financial details for last 3 years will be checked. In the ITR, the monthly income, his expenses will be checked to detemine his repayment capacity.

2. Trade licence of the shop along with VAT returns will be checked.

3. CIBIL Report shall be taken and shall also determine whether the client has any other loan in his name. If yes, then whether he is regular in the repayment of his loan.

4. Bank shall take the land as Mortgage against the loan. So, documents relating to the property shall have to be provided.

5. The income of the client should be higher, so that he pays higher tax.

 Thank-You