Proof of funds - specific queries.

[skap27]

Hi Guys

Please help me with the queries regarding proof of funds:

If I can arrange a Net worth certificate from a chartered accountant then:

1. Will this net worth certificate from CA alone be sufficient for proving my funds?
2. Should there be any specific detail, like cash in accounts, be present in Net worth certificate to prove liquid funds or if CA proves I have more than required including, movable and liquid assets combined, then that is sufficient?

3. Can family property in Net worth certificate, justify my proof of funds?

Regards

 

[kaushalyap]

I don't think it'll work. You need to get a balance confirmation from bank on your funds.

 

[can_indian]

Hi Guys

Please help me with the queries regarding proof of funds:

If I can arrange a Net worth certificate from a chartered accountant then:

1. Will this net worth certificate from CA alone be sufficient for proving my funds? No
2. Should there be any specific detail, like cash in accounts, be present in Net worth certificate to prove liquid funds or if CA proves I have more than required including, movable and liquid assets combined, then that is sufficient?Not enough, you need to have amount equal to/higher than minimum require fund in your bank account.

3. Can family property in Net worth certificate, justify my proof of funds? No
By the way, you need a POF after you get an ITA.
Regards

 

[skap27]

thanks for replies.