Hello, I have the same situation of you. Can you share your format or gift deed letter to my email? gbautzer@gmail.com
Proof of Funds: Format of Gift Deed, Affidavit and LOE
- Thread starter hsinxh
- Start date
You need to make gift deed in stamp paper. We used some website called notary karta which provides services in India. You can check it out.
Can you please share some samples how it's look like. Please share with me at email. Thanks. shizanoreen23@gmail.com
My husband is the main applicant in our EE. My sister is going to give us a gift for our POF. Do I need to include my husband's name in the gift deed? Or my name will suffice?
Your sister should gift you the money and provide you with a gift deed and then you may add an “Affidaviate of Support” for your husband. It will work.
Gift deed must have name of primary applicant only. Just check of sister in law is included in list of close relatives. I will check as well.
To get tax free gift feed - wife's sister can send money. https://www.google.com/amp/s/taxguru.in/income-tax/faq-performa-gift-deed-list-relatives-gift-received-tax-liability.html?amp
Hi Everyone, I have a query in regards with the average balance. We have about 75% of the proof of funds required which are older than 6 months (some in joint account and some in my account). Now the rest 25% will be deposited now, Rather than depositing it directly in our account should we get that gifted from our parents so as to ensure it doesn't come under 6 month average balance rule ?
Also Fixed deposits are counted for proof of funds ? Or they are required to be in cash in the bank account ?
Also Fixed deposits are counted for proof of funds ? Or they are required to be in cash in the bank account ?
legalfalcon
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Better to get as gift deed and make FD. FD is the best way to show POF. You need account statement of less than a week. Maybe you can put 75% of money in a FD, show 6 month statement of accounts. In addition get gift deed of 25% from family members and put in same FD. 100% show as FD.