Hi Friends
This is a great forum and i have seen many helpful posts. I just got an ITS on 13th January draw as my CSR was 460.
I have everything ready with me however i am facing one critical issue on POF.
I bought a new car in October 2015 out of my savings of $20,000. This left my Bank Account blank with my salary of $2000 coming in and being spent on day to day expenses.
At the time of Receipt of Invitation on 13th of Jan 2016, i only had $200 in my bank account however my father transferred as GIFT $13300 to it the very next day (even though i wanted to plan the transfer earlier).
Now i am concerned if I should go for usually suggested mechanism of:
a. Gift Deed Execution
b. Gift Letter
c. Family Wealth verification letter by a Chartered Accountant
d. Explanation of transaction and balances in my bank account.
or go for sale of my car and deposit money therein.
Thanks in Advance to senior members
This is a great forum and i have seen many helpful posts. I just got an ITS on 13th January draw as my CSR was 460.
I have everything ready with me however i am facing one critical issue on POF.
I bought a new car in October 2015 out of my savings of $20,000. This left my Bank Account blank with my salary of $2000 coming in and being spent on day to day expenses.
At the time of Receipt of Invitation on 13th of Jan 2016, i only had $200 in my bank account however my father transferred as GIFT $13300 to it the very next day (even though i wanted to plan the transfer earlier).
Now i am concerned if I should go for usually suggested mechanism of:
a. Gift Deed Execution
b. Gift Letter
c. Family Wealth verification letter by a Chartered Accountant
d. Explanation of transaction and balances in my bank account.
or go for sale of my car and deposit money therein.
Thanks in Advance to senior members