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A Doctor od loan required rs:25 lacs against land property value rs:35 lacs and Doctor Gross receipts rs:15 lacs capacity in itr returns. Question: A Doctor rs:25 lacs od loan required estimated and projected value how much amount show for bank loan purpose
Borrower Must Disclose Accurate Property Value and Income for 25 Lakh Overdraft Loan Application Under Financial Rules A borrower seeks a 25 lakh overdraft loan against land valued at 35 lakhs, with gross receipts of 15 lakhs shown in income tax returns. The issue concerns how much of the projected or estimated value should be disclosed for the bank loan application. The question focuses on the appropriate amount to present in financial documents for loan approval, considering property value and income capacity. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
