Re: proof of funds...showing liquid funds as proof

[pranay2007636]

Hi

I and my dad have money invested in liquid funds. These funds are redeemable on 1 day notice. I am
planning to redeem these funds and show the redeemed amount as proof of funds. The redeemed amount
will come into my savings bank account. My question is whether any objection can be raised regarding
sudden influx of such a large amount into my account. I have all the documentary proofs for these
investements. Kindly help

http://profit.ndtv.com/news/your-money/article-why-liquid-funds-are-attractive-alternative-to-savings-deposits-385512

 

[destroyed92]

Hi

I and my dad have money invested in liquid funds. These funds are redeemable on 1 day notice. I am
planning to redeem these funds and show the redeemed amount as proof of funds. The redeemed amount
will come into my savings bank account. My question is whether any objection can be raised regarding
sudden influx of such a large amount into my account. I have all the documentary proofs for these
investements. Kindly help

http://profit.ndtv.com/news/your-money/article-why-liquid-funds-are-attractive-alternative-to-savings-deposits-385512

Why do u wanna redeem?
U can keep the investment details, provided the amount should be mentioned on the investment paper/details.
And abt bank statments keep a copy of it along with IT returns.