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Gift deed for PoF

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K

khaleel004

Newbie
Nov 14, 2018
1
0
Hi everyone

I have a question regarding PoF.
Firstly, I am employed for more than 2 yrs in US and I have a salaried account. For every month I transfer money to my parents in their joint account in India as for the family maintenance. As, I transfer all of my money to India, I currently don’t have the saving to show in my salaried account
For EE, I am planning to for a gift deed ( they will deposit money from their savings of 18k cad)from my parents which they will do wire transfer from India account to my US account.
Does this sounds like a good approach of gift deed? Or I might face any issues?
Please share your expertise on this?
Thanks
 
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