An income verification form is used to verify your income associated with any specific business. Some time people use their fictitious income statement to get rid of tax, while depositing tax files into tax department. Such kind of forms are mostly used by tax departments and insurance companies. Income verification form show an information about the sources of your income whether you have only one source of income or running two or more business. While lending loan form bank, bank can use the income verification form to insure borrower ability to repay loan.
Some time It may also need to show income statement when you are going to purchase or invest in any other company shares, at this moment company will demand about the income verification form to insure whether the information provided by him is correct or he may showing the fake information about income. The contents of the form are the name of specific person, its source of income, business nature, number of business, tax payable and previous tax paid, tax registration number, financial statement of business, etc.
Category: Verification Forms
Name: Income Verification Form
Document Type: MS Word
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