I have a query regarding the POF being in our account in India, whereas my wife and I are residents of UAE.
The necessary amount to show as POF is present in my wife's Indian account in the form of a matured PPF account (around 9.5 lakhs) plus account balance (5 lakhs) transferred by her dad along with a gift deed+affidavit. Hence, we are showing well over the required amount.
However, both of us are residing in Dubai. Do we still need to show details of my local account where my salary is credited every month? I don't have the entire amount in the local account and I have a personal loan which will have to be highlighted as a liability.
Which one makes most sense:
1) Only show my wife's Indian account (which has the entire amount required)
2) Show my wife's Indian account (which has the entire amount required) + my UAE account (which has some amount and a liability)
3) Collect the entire amount required in my local account + show my wife's account as an additional supporting source.
Appreciate your help and response on this.
Cheers.
The necessary amount to show as POF is present in my wife's Indian account in the form of a matured PPF account (around 9.5 lakhs) plus account balance (5 lakhs) transferred by her dad along with a gift deed+affidavit. Hence, we are showing well over the required amount.
However, both of us are residing in Dubai. Do we still need to show details of my local account where my salary is credited every month? I don't have the entire amount in the local account and I have a personal loan which will have to be highlighted as a liability.
Which one makes most sense:
1) Only show my wife's Indian account (which has the entire amount required)
2) Show my wife's Indian account (which has the entire amount required) + my UAE account (which has some amount and a liability)
3) Collect the entire amount required in my local account + show my wife's account as an additional supporting source.
Appreciate your help and response on this.
Cheers.