When applying for an SME loan, you will need to submit your ITR-V (acknowledgement) form along with your business loan application.
Your Income Tax Return–Verification (ITR-V) form is a document that the Income Tax Department automatically generates when you submit your income tax returns without a digital signature. Once you’ve filed your ITRs and gotten the Verification form, you need to download, sign, and send a hard copy of the document to the Income Tax CPC in Bangalore to complete your income tax filing process.
Once the ITR-V form has been received by the CPC and uploaded on the Income Tax portal, you should download a digital copy of it for your records. Downloading it from the new ITR e-Filing Portal is easy and quick!
Lenders use your ITR-V acknowledgement in their credit assessment when making their decision to lend to you. Having all your paperwork ready before you submit your loan application speeds up the process and shows that you are a diligent taxpayer.
When you apply for a business loan with CreditEnable, we tell you upfront what documents you may need to submit to speed up your loan process!
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