Individuals:

1. Salaried Individuals: Any individual who is in permanent service in any government undertaking or any reputed private sector company in India. 
2. Professionals: Professionals i.e. allopathic doctors, architects, chartered accountants, cost accountants, practicing company secretary, management consultants and lawyers. 
3. Self Employed: Individuals like traders, distributors, manufacturers, service providers etc. 

Non-Individual Entities:

1. Proprietorship Firms
2. Private Limited Companies
3. Public Limited companies

You can include your spouse as a co-applicant for the Loan. His / her income can be added to enhance the loan amount. However all co-owners of the property should necessarily be the co-applicant.

The security for the loan will be the first mortgage of the property to be financed, generally by way of deposit of title deeds and/or such other collateral security.

The title to the property should be clear, marketable and free from encumbrance which means that there should not be any existing mortgage, loan or litigation which is likely to affect the title to the property adversely.

1. Professional Loans:
   1. Professional loans are extended to selfemployed professionals such as doctors, chartered accountants and lawyers, based on their individual credit history. 
   2. Trade Loans:
2. Type of businesses that can apply for Trade Loans are:
   1. Sole Proprietorships
   2. Partnerships
   3. Private Limited Companies

Although it varies from bank to bank, the basic criteria are more or less the same, such as:

• Business should have been:
  • Business continuity
  • Business profitability
  • Positive Net worth

• Credit Rating or CIBIL Score of Individual Promoters or Proprietors or Directors
• Cash Flow Status of the business in terms of cash credit history with outstanding payments, liabilities, etc. 
• Type of business: Most businesses can be classified depending upon the nature of their business into Cyclical, Defensive or Growth company. It also depends upon the stage and maturity of the business.
• Collateral is the easiest way to fund a loan as it becomes a secured loan as against an unsecured one without collateral.

Floating rate of Interest

Fixed rate of interest

Fixed + variable (initially fixed, later moved to variable)

Loan Against Securities can be used for any personal and/or business purposes, which have to be declared at the time of borrowing

The payment on your card can be made in several ways.

• Pay in person at one of the card provider branches
• Pay by cheque in favour of the credit card provider.
• Pay via telebanking and internet banking facilities.
• Auto debit / standing instructions: Due payments can also be made via automated banking wherein you authorise your bank to pay your outstanding bills and due payments on your behalf. This way you get free of remembering due dates.

Yes, you can avail advances from your traditional sources of funding along with factoring services.

However, the advances are given on the debtors against whom you have not availed funding from any other financial institution. Please note that any given invoice cannot be double financed.

Under the Income-tax Law, different forms of returns are prescribed for different classes of taxpayers. The forms of return prescribed under the Income-tax Law for filing of return of income for the assessment year 2015-16 (i.e., financial year 2014-15) are as follows (*):

1. ITR – 1   Also known as SAHAJ is applicable to an individual having salary or pension income or income from one house property (not a case of brought forward loss) or income from other sources (not being lottery winnings and income from race horses).
2. ITR 2A   It is applicable to Individuals and Hindu Undivided Family (HUF) not having income from business or profession and capital gains and resident who do not hold foreign assets do not have foreign income.
3. ITR – 2   It is applicable to an individual or a HUF having income from any source other than "Profits and gains of business or profession".
4. ITR – 3   It is applicable to an individual or a HUF who is a partner in a firm and where income chargeable to tax under the head "Profits or gains of business or profession" does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm.
5. ITR - 4S Also known as SUGAM is applicable to individuals and HUF who have opted for the presumptive taxation scheme of section 44AD/44AE.
6. ITR – 4   Its applicable to an individual or a HUF who is carrying on proprietary business or profession.
7. ITR – 5   This Form can be used by a person being a firm, LLP, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), co-operative society and local authority. However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) shall not use this form (i.e., trusts, political parties, institutions, colleges, etc.)
8. ITR – 6   It is applicable to a company, other than a company claiming exemption under section 11 (exemption under section 11 can be claimed by charitable/religious trust).
9. ITR – 7   It is applicable to a persons including companies who are required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) (i.e., trusts, political parties, institutions, colleges, etc.).
10. ITR – V   It is the acknowledgement of filing the return of income.

This Return Form can be filed with the Income-tax Department in any of the following ways, -

1. by furnishing the return in a paper form;
2. by furnishing the return electronically under digital signature;
3. by transmitting the data in the return electronically under electronic verification code;
4. by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return Form ITR-V;

1. From the assessment year 2015-16 onwards any asessee filing ITR 1/2/2A (other than an individual of the age of 80 years or more at anytime during the previous year) having a refund claim in the return or having total income of more than Rs. 5,00,000.
2. Every company.
3. A firm or an individual or a HUF whose books of account are required to be audited under sec. 44AB.
4. A resident assessee having any assets (including financial interest in any entity) located outside India or signing authority in any account located outside India.
5. Taxpayers claiming relief under section 90, 90A or 91.
6. A person who is required to file ITR - 5.
7. A taxpayer who is required to furnish a report of audit under sections 10(23C)(iv), 10(23C)(v), 10(23C)(vi), 10(23C)via), 10A, 10AA, 12A(1)(b), 44AB,44DA, 50B, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E, 115JB or 115VW
8. Return Form ITR- 3 
9. Return Form ITR-4
10. Return Form ITR – 7

• Any company other than a company who is required to furnish a report in Form No. 3CEB under section 92E (i.e. other than covered in 2 below) 
  • September 30 of the assessment year
• Any person (may be corporate/non-corporate) who is required to furnish a report in Form No. 3CEB under section 92E
  • November 30 of the assessment year
• Any person (other than a company) whose accounts are to be audited under the Income-tax Law or under any other law
  • September 30 of the assessment year
• A working partner of a firm whose accounts are required to be audited under this Act or under any other law.
  • September 30 of the assessment year
• Any other assessee
  • July 31 of the assessment year.

The due date of filing the return of income for the financial year 2014-15 extended to 31stAugust 2015.