Please find answers below in bold:
dralfa said:Please enlighten me with more info. I am confused. My crs is 466. I need to manage funds.
1. Is it must to have gift deed from father or it can be from brother as well?? - It can be from unrelated person as well!
2. Is it must to get gift deed at least 3 months old from when i receive ita?? - Not required, but whats the harm in getting done before 3 months(if you have time now) ?
3. Is it ok to get gift deed letter signed after i get ita?? - Not an issue and again why wait till you get ITA?
4. Is the date from which 6 months bank statement is asked counted from the date we submit the document or the date of receiving ita?? - if its only ITA then 6 months before receiving ITA would do! But there shouldn't be a major deposits at any point of time. I suggest creating a FD and submit Gift deed along with it. So, no need of showing bank statements!
5. For how long do i need to keep those money in my bank?? - Until one gets VISA stamped but do not forget that funds should be with you while landing in Canada. (there is a cap on format, you can read them in different blogs)
6. Are mutual funds counted as a proof of funds?? I do not think so as they are in volatile state and has risks
7. can i make a fixed deposite after i get ita and take a gift deed from my father for that?? will it be ok?? or the fd must be 3 months old?? - If gift deed is submitted no need 3 months older, ideally if the FD is 1 year older then you no need to submit Gift deed as well.
8. i have 2lac rupees in my account and i need to show 9lacs, so i need to get 7lacs from my father. so, if he gives me by making a fixed deposite or transfer in my account?? is it to be 3 months old or just day after ita is fine???? See above!