Hello Everyone. I recently moved back to India and started my EE process. I created my Indian bank account after I got my ITA and now deciding to get a gift deed from father for the total amount that needs to be shown (for 3), approx. 19kCAD.
1. For gift deed, can the transfer from my father's account to my account be through online transfer, or does it have to be a check/cheque deposit?
2. Is it ok to get the entire amount of 19kCAD as gift deed, since I plan to keep the money for use when I move to Canada.
Thank you.
1. For gift deed, can the transfer from my father's account to my account be through online transfer, or does it have to be a check/cheque deposit?
2. Is it ok to get the entire amount of 19kCAD as gift deed, since I plan to keep the money for use when I move to Canada.
Thank you.