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A simple affidavit would do. CA would know this specifically. It won't be difficult at all.

Hi vivekskumar8544, 1,2. Funds cannot be originate from loans. So, this FD cannot be used. 3. Please check the format of gift deed, it will clearly say that your father has given the funds form his past savings. But your route will make this statement a fallacy, isn't it? It would be clear...

Yes, its fine. It isn't misrepresentation as you are not hiding any information.

Nothing else but the funds in your Bank account or FD can be used as POF. No asset/Property valuation is acceptable. Sell assets, have the money in account and then show it as a POF.

As far as I am concerned, they won't accept it. The funds should not have been initiated from any loan, that's what I am aware of. All I can say is had you sold the property, and have these funds as POF, you would have been absolutely fine. Because property is in your name and you can use it...

Don't use PF unless the amount is present/transferred in your account. You already have 20k, why use 800! You have all the papers pertaing to the Property and loan deal?

It's absolutely perfect!! You don't need anything else. Just roll it all into one pdf and put LOE at the beginning. Don't forget to sign the LOE.

Yes, it is ok. Why don't you transfer the funds into your account and explain it in LOE? Even without it you will be fine

How would you prove your parents supported you? This would be proven by Gift deed and Bank statements. CIC has given you a very subjective sentence as the 3rd point. So, put in everything that adds value to your case. Gift deed, Bank statements (Parents and yours), LOE, affidavit and Net...

You can show both of these accounts in POF, with the major chunk reflecting in the old bank account.

I suggest you to include everything beforehand. If not documents, one should definitely mention the details in the LOE. Rather than them asking us for explanation, we should be earnest in giving them the answers while filing the application.

Happy for you Nebm31!! Congratulations!! I wish you all the best. GOD bless.

Ok. Don't use any jugaad. Do not tamper with official docs. Include original MF Statements. Don't play with it!

Her net-worth is Not needed. Even her account would have worked for POF. Nevertheless, just use the bank letter from your account, statements, gift deed and affidavit. That's all you need.

Mutual funds won't work for POF. Sell the units, get the funds in Bank account, then use that account.

Yeah! Absolutely Ok.. statements need to be stamped and signed ..that's it!!

Most probably somewhere in BC.

It will suffice. You don't need to convert it into FD.