thanks dear. i did not maintain my bank statement up to the required amount. i keep investing the amount in short term investments and circulating this amount. i did not borrow from any one and this is totally my money. please advise in this regard.vmraja said:
Guys,
Is PPF (Public Provident Fund) be showed as proof of fund ?
PPF is a scheme in India where in you can deposit some savings every year/month, but the money is locked till 15 years.
Is PPF (Public Provident Fund) be showed as proof of fund ?
PPF is a scheme in India where in you can deposit some savings every year/month, but the money is locked till 15 years.
you need to show you have sufficient funds as on today.shani555 said:
circulating will not be a problem as long as the money is yours.
you can submit the statement which shows inflow and outflow of funds.
hope for the best
I have a question about the 6 months of records.
What I did was create a joint account and had funds parked there since Feb 2016. However there has been an interest rate fluctuation (quite significant - approx 10%) and I transmitted the additional amount in April 2nd week (last week). When am I actually eligible to show these POFs. If 6 months is the criteria than do I need to wait 6 months more?
I dont want to accept an ITA and be rejected later because of POFs.
Thanks for your replies.
What I did was create a joint account and had funds parked there since Feb 2016. However there has been an interest rate fluctuation (quite significant - approx 10%) and I transmitted the additional amount in April 2nd week (last week). When am I actually eligible to show these POFs. If 6 months is the criteria than do I need to wait 6 months more?
I dont want to accept an ITA and be rejected later because of POFs.
Thanks for your replies.
What will the VO do with just the sale receipt of your car? You need to show funds in your account along with the proof of how it came there.shani555 said:
Not at all - you don't to wait if the funds are yours and not borrowed. See the reason behind the 6 months statements policy is to deter applicants from showing borrowed funds. If the funds are yours and you can show them the source of funds, you can even show funds that are one day old. Go ahead and accept the ITA and submit your application! Good luck and all the very best!Prats6 said:
Hey vmraja,itsmejohnhcl said:
There's an email from the Delhi Visa Office posted on the forum by someone who asked them directly that confirms that the PPF are in fact accepted as POF. Try searching in the forum, I'm new to this
I assume a PPF is similar to pension funds, which they also accept.
Good luck!
Serge
Hello,
I'm really confused about the idea that there is no limit to the money you can bring later with you from your home country.....
What's the proof they will not charge taxes on them ... How can they tell if they were savings or some kind of commercial gains?
I'm really confused about the idea that there is no limit to the money you can bring later with you from your home country.....
What's the proof they will not charge taxes on them ... How can they tell if they were savings or some kind of commercial gains?
Hi DrMuhannad,DrMuhannad said:
I am no expert, but:
1. IRCC (immigration officials) is (are) not responsible for tax filings.
2. You said it yourself: They cannot know where the money comes from, unless you tell them and unless they believe you.
3. If they would tax your cash, they would tax it as patrimony, because that is what it becomes once it is in your hands. However, I would find it very odd if they'd make you file your tax declaration as a welcome present.
Be aware of the rule: You could take as much money as you want into the country, but you must declare if you're bringing more than CAD 10,000.
Hope it helps!
Hey SergeSergeSD said:Hey vmraja,
There's an email from the Delhi Visa Office posted on the forum by someone who asked them directly that confirms that the PPF are in fact accepted as POF. Try searching in the forum, I'm new to this
I assume a PPF is similar to pension funds, which they also accept.
Good luck!
Serge
PPF is not accepted as POF.
POF can be something which you can immediately spend.
That's the reason fixed assets are also not considered as POF.
Best Wishes,
vmraja