How much sales turnover and net profit declare for bank loan purposes

Question

A small retail Kirana store business person wanted business loan from bank Rs:5 lacs required.

Question:

Assess how much sales turnover and net profit declare show in I t return

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Sundaraiah 2 weeks 1 Answer 9 views 0

Answer ( 1 )

  1. Dear sir generally Bank loan is given 20% of Turnover but it differ from bank to bank so i advised to you please contact your nearest bank branch .

     

     

    Thank you

    TAX CLINIC

    9818161122

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