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Hi,
I am preparing my post ITA documents and I have a doubt regarding the proof of funds requirements.
My father has transferred the funds to my account which I would be moving to a fixed deposit account.
It will be my money, however though it was transferred from my fathers account.
Now, how do I need to explain this situation, since people say that this might be a problem and will look as if the money is borrowed.
Kindly guide me through this
Thanks and regards
Naveen
Hi,
I am preparing my post ITA documents and I have a doubt regarding the proof of funds requirements.
My father has transferred the funds to my account which I would be moving to a fixed deposit account.
It will be my money, however though it was transferred from my fathers account.
Now, how do I need to explain this situation, since people say that this might be a problem and will look as if the money is borrowed.
Kindly guide me through this
Thanks and regards
Naveen
Get a gift deed from your father.
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