Hey guys, need a little help here. I loaned an amount of Rs. 920,000 to a friend last month from my account but after i received my ITA on 31st May, my friend returned me Rs. 900,000. Do i need to explain the transaction in the letter of explanation or should i just let it be? Your help will be highly appreciated.
Large transactions in acount after receiving ITA
- Thread starter saadahmedch
- Start date
That depends, if you meet the required funds without such money then don't worry about it.
Otherwise this is a red flag and you must explain where the money came from.
Otherwise this is a red flag and you must explain where the money came from.
Makes sense..i had the same concern. I have written an explanation but im not sure if thats the kind of explanation they are looking for. any way you can check it for me?