Loan Documents for self employed?
I am self employed, having a office at . We are providing consultancy services. To expend my business, I am looking for a loan of 8-10 lakhs. Documents, I have are office registration document, current account, partnership deed and project agreements related to my business. Documents I don't have I.T. Return. Could you please help me.
For Self Employed Persons following documents are required for loan -
• Tax return documents,
• Balance Sheet / Profit Loss Statement of the firm he owns may be required.
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Past years I.T. Returns are must for any loan otherwise how they (bank) will know about your income regular or not.
I have just one year I.T. return (current year), will it helps?Originally Posted by Vivek
You need to submit last three years I.T. Return or Form 16.
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