http://international.missouri.edu/come-to-mu/students/financial-documentation/
10 TIPS for financial documentation
1 Parents Job Title: Father¢s (and mothers) job title & income are most important. Explain his portfolio in a good way
2 Savings: Don¢t show all savings in one source. Show few fixed deposits or national savings certificate (Eg : Instead of showing bank savings of 20 lacks in single account, show 10 lacks in Fixed account and 10 lacks in Savings account)
3 Other Income Sources: Keep rental income & agricultural income low. It not advisable to dominate your father¢s income
4 Bank Statement: Always make sure the consultant deposits the money in your bank account. Ask him for Phone number of bank to verify.
5 Business License/ Proof: Have a proof of Business for your father. Having IT returns is just a proof of father¢s income and not a proof of his business
6 Property Evaluation: NO need to show high numbers in property. Reason being, income and property needs to be proportional.
7 Numbers: Don¢t need to keep numbers high. Keep them sensible. Show moderate income, savings and property.
8 Educational Loan : You can show educational loan as a back up but not as a main form of financial support
9 Other Sponsors: You can show your siblings as sponsor but its not advisable to show uncles, aunts and other family members as your sponsor.
10 Draft Copy: Ask your consultant for a Draft Copy of CA document before giving the final COPY. Proof read the documentation for mistakes. CA's or consultants tend to make lot of mistakes, since they issue many reports each day
10 TIPS for financial documentation
1 Parents Job Title: Father¢s (and mothers) job title & income are most important. Explain his portfolio in a good way
2 Savings: Don¢t show all savings in one source. Show few fixed deposits or national savings certificate (Eg : Instead of showing bank savings of 20 lacks in single account, show 10 lacks in Fixed account and 10 lacks in Savings account)
3 Other Income Sources: Keep rental income & agricultural income low. It not advisable to dominate your father¢s income
4 Bank Statement: Always make sure the consultant deposits the money in your bank account. Ask him for Phone number of bank to verify.
5 Business License/ Proof: Have a proof of Business for your father. Having IT returns is just a proof of father¢s income and not a proof of his business
6 Property Evaluation: NO need to show high numbers in property. Reason being, income and property needs to be proportional.
7 Numbers: Don¢t need to keep numbers high. Keep them sensible. Show moderate income, savings and property.
8 Educational Loan : You can show educational loan as a back up but not as a main form of financial support
9 Other Sponsors: You can show your siblings as sponsor but its not advisable to show uncles, aunts and other family members as your sponsor.
10 Draft Copy: Ask your consultant for a Draft Copy of CA document before giving the final COPY. Proof read the documentation for mistakes. CA's or consultants tend to make lot of mistakes, since they issue many reports each day
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