Funds maintainance

[Mehnaz1703]

Hi all,
I have few questions regarding funds maintainance
Can my dad give the funds?do i have to submit the gift deed?
Can I have these funds in Fixed deposits and can this be created after I receive ITA?

And additionally show a separate savings account with just very minimal funds in it?Is this needed or F D will suffice?
Thank you..
Mehnaz

 

[xpressentry]

Hi all,
I have few questions regarding funds maintainance
Can my dad give the funds? yes do i have to submit the gift deed? yes
Can I have these funds in Fixed deposits and can this be created after I receive ITA? it can be in fixed deposit but has to be created before you get ITA

And additionally show a separate savings account with just very minimal funds in it? upto you Is this needed or F D will suffice?
Thank you..
Mehnaz

 

[Mehnaz1703]

Thank you but any reason as to why it has to be before ITA

 

[bestofluck]

Thank you but any reason as to why it has to be before ITA

No reason. The funds must be from your parents accounts and you need to show the source of the amount also. Borrowed funds ( within 6 months) and deposited in your parents account will create problems. In the gift deed mention the source.