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Dear seniors,
I got my aor this month and have been given 120 days timeline for stage 2 . one clarification on POF for 4 persons is reqd .
As I am the principal applicant ,Can I show the reqd funds in my wife account also ie 50% in my account & 50% in my wifes account will it be acceptable to the CHC delhi??
If no then can I show the funds in my name in multiple accounts ie bank accounts in varios banks in my name.is it acceptable to the chc delhi??
This adjustment was recommended by tax consultant so that tax need not be paid for lumpson amount in one account at the end of the financial year.
please seniors guide me who have done POF for approx 9 lakhs.
Please seniors reply urgent
paramjit said:
Dear seniors,
I got my aor this month and have been given 120 days timeline for stage 2 . one clarification on POF for 4 persons is reqd .
As I am the principal applicant ,Can I show the reqd funds in my wife account also ie 50% in my account & 50% in my wifes account will it be acceptable to the CHC delhi??
If no then can I show the funds in my name in multiple accounts ie bank accounts in varios banks in my name.is it acceptable to the chc delhi??
This adjustment was recommended by tax consultant so that tax need not be paid for lumpson amount in one account at the end of the financial year.
please seniors guide me who have done POF for approx 9 lakhs.
Please seniors reply urgent
Thanks to Paramjit for this topic..I need those answer also...Pls help.... :-\ :-\ :-\ :-\

paramjit said:
Dear seniors,
I got my aor this month and have been given 120 days timeline for stage 2 . one clarification on POF for 4 persons is reqd .
As I am the principal applicant ,Can I show the reqd funds in my wife account also ie 50% in my account & 50% in my wifes account will it be acceptable to the CHC delhi??
If no then can I show the funds in my name in multiple accounts ie bank accounts in varios banks in my name.is it acceptable to the chc delhi??
This adjustment was recommended by tax consultant so that tax need not be paid for lumpson amount in one account at the end of the financial year.
please seniors guide me who have done POF for approx 9 lakhs.
Please seniors reply urgent
yes u can do that.. provide ur wife is co applicant. I suggest Make joint FDRs.
I suggest to keep money in one one bank.. not in multiple banks.
Because in case CHC again demanded latest bank certificates,, u will have to run from one bank to another for certificates, this result in time & effort wastage.. this mistake I had already made...
3 lacs in standard chartered, 1.5 in HDFC, 0.75 in citibank, 1 lac in SBI.
last year in month of july (scrching heat) in delhi, i was exhausted arranging all certificates from BAnks.
And i suggest to make these FDRs or deposits in some Good Private BAnk.. everything u can order online
If your wife is part of your application you can do so.
You can also show funds in multiple account of yours
Requesting you to share the time lines also.
Pls clarify...
1. We need to show bank certificate stating about total funds avliable at this point of time.
OR
2. We need to show statment of last six months.
Thanks Seniors
paramjit said:
Dear seniors,
I got my aor this month and have been given 120 days timeline for stage 2 . one clarification on POF for 4 persons is reqd .
As I am the principal applicant ,Can I show the reqd funds in my wife account also ie 50% in my account & 50% in my wifes account will it be acceptable to the CHC delhi??
If no then can I show the funds in my name in multiple accounts ie bank accounts in varios banks in my name.is it acceptable to the chc delhi??
This adjustment was recommended by tax consultant so that tax need not be paid for lumpson amount in one account at the end of the financial year.
please seniors guide me who have done POF for approx 9 lakhs.
Please seniors reply urgent
YES, YOU CAN DO IT ONLY IF YOUR WIFE IS ACCOMPANY WITH YOU...
I am planning to show fund in joint account with my father, will it be acceptable ??
And I've FDs on my father and my Joint names, will it be accepatable ??
SD2009 said:
I am planning to show fund in joint account with my father, will it be acceptable ??
And I've FDs on my father and my Joint names, will it be accepatable ??
NO, not allowed. It will not be accepted.
Fund in Joint account will be allowed with your spouse only if accompany with you
SD2009 said:
I am planning to show fund in joint account with my father, will it be acceptable ??
And I've FDs on my father and my Joint names, will it be accepatable ??
No it will not be acceptable. Only you and your spouse and if she is immigrating as well.
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