Hi all,
I have few questions regarding funds maintainance
Can my dad give the funds?do i have to submit the gift deed?
Can I have these funds in Fixed deposits and can this be created after I receive ITA?
And additionally show a separate savings account with just very minimal funds in it?Is this needed or F D will suffice?
Thank you..
Mehnaz
Hi all,
I have few questions regarding funds maintainance
Can my dad give the funds? yes do i have to submit the gift deed? yes
Can I have these funds in Fixed deposits and can this be created after I receive ITA? it can be in fixed deposit but has to be created before you get ITA
And additionally show a separate savings account with just very minimal funds in it? upto you Is this needed or F D will suffice?
Thank you..
Mehnaz
No reason. The funds must be from your parents accounts and you need to show the source of the amount also. Borrowed funds ( within 6 months) and deposited in your parents account will create problems. In the gift deed mention the source.
