How to Show Tax Papers
for Student Visa ​

                       How to Show Tax Papers for Student Visa

​

©PBSCU This document is originally written by Md. Nasimuzzaman Chowdhury, Electrical & Computer Engineering (University of Manitoba).

©PBSCU Any unauthorized use of these articles, including copying or editing is prohibited. If you want to use the article, you need to take permission from us: pbscuadm@gmail.com or from the author and you must mention the author's name and the group's name in all cases.

Year of Publication: 2017

Note: Tax papers are not that much important if you can show proofs that you have a “valid source of money”. Tax assessments are proofs of genuine money, means the sponsor genuinely owns the money. TIN certificate/Tax Certificate (just says you paid taxes) has NO value if you do not add assessment. If you do not have tax assessment, focus on other proofs with which you can prove you or your sponsor genuinely owns the money (means it was not borrowed or matching fund).

Remember, you are adding all these papers to prove that you did not do one of these fraudulent activities mentioned below. If you can prove that in some other way, tax papers are not important for visa applicants. Especially for FUNDED students, tax papers make no difference.

Fraudulent Activities:

• Borrow money from someone and put it in their account.

• Taking out loan FDR showing FDR in another bank’s account and then show both of them as total funding

• Dishonest bank officers to take out money from someone else’s account and put it in your account for some months.

• Dishonest officers give you a bank statement similar to your sponsor’s name (matching fund).

Prove that your money is legitimate, you are good to go.

What is a tax assessment paper?

A tax assessment paper is a 9-page paper that describes employees all financial information regarding cash and fixed assets. After submitting this paper people get tax clearance certificate from the tax office. Do the tax assessment in English so later don’t have to translate that into English. When this paper is submitted, its been assessed and provided with a clearance certificate. That time please ask the lawyer to provide you two duplicate copies of this tax assessment in case you need twice. This duplicate copy needs to be sealed and stamped by the tax office. This is a government record and a legitimate proof of all financial income, expenses, fixed assets and bank balances, hand cash on which tax is cleared and considered as white money

For Funded Students

As you are funded, just check whether your fund fulfills the tuition and accommodation costs. For example, two years of full tuition fees and 1 year accommodation fees. Explain the fees cost in a separate file. But it may be possible the officer doesn’t look at your planning, so its better to direct them through a cover letter with your application. If your total fund doesn’t cover the whole two years tuition fees and accommodation then you need to provide additional funds for the study. In this case your parents, siblings can be your sponsor. But mainly in most cases sponsors other than the parents don’t make any sense to them. Show FDR, bank savings, income source correctly with legitimate paper works.

For showing funds the money should be at least 6 months in your bank account. Let’s say you are showing additional 5 lac bdt as sponsor fund. The amount 5 lacs should be in the bank for at least six months. You may have over 5 lacs or something but at least 5 lacs has to be there for that particular time. If there is any recent deposits you have to mention the source of the money with valid proof that where the deposits came from with proper valid document. The most proper authenticate document may be a tax assessment paper. But for funded students a tax clearance certificate is enough, but very important for self funded students to provide tax assessment paper. It’s a government issued paper so it is considered as legitimate.

For example, let’s say somebody deposited a large amount of money within six months. The money may be brought from other people or from cash household savings or other sources. If this amount is mentioned on page 5 (9b) on tax assessment paper that will be considered validate in point of view of a visa officer (saying from experience). If you show additional money, although the funds covers everything, that is helpful for the visa purpose as the visa officer might think what if you lose funding from the university and how will you survive. Parents savings, and also their yearly income can be mentioned as sufficient funding to continue your studies.

For Self Funded Students

For self funded students, it’s a bit tough for getting visa but its possible if you provide a clear picture of your financial documents which is explained clearly. You may be thinking that the visa officer may be thinking like the way you think, but , its totally different. Tax assessment paper is necessary for self funded students.

You need to show four years of expenses (for UG) and two years living expenses at the beginning, and for masters you need to show full two years tuition fees and at least 1 year accommodation costs. If you show full two years of living and accommodation that’s good. Source of the money is really important. Do not make recent deposits which are not match the savings pattern of the savings account. Keep the money at least 6 months (good if more time) to the bank or make FDR.

If you make any recent deposits like example your parents had some liquid cash in hand and they make a recent deposit then you have to show that amount on tax assessment paper that your parents had the money. Some of the student’s parent’s incomes are from share business, house rent, agricultural business etc. All this should be mentioned as a source in the assessment paper.

In tax assessment paper, all the information of a tax payee is provided. His/her total income from different sources, savings, investments, share business, bonds, sonchoypotro, gold amount, fixed assets, cash in hand, cash in bank, and also the total expenses in total year is mentioned on tax assessment. If you have brothers, sister and dependents then they will look that, if your father or mother provide you money then will they survive with their income? They will check family dependents too. In the last section of tax assessment there is a section for all expenses during a year and at the first portion there is a section of the total income. If income is higher than the total expenses and is sufficient enough to bear your cost you are good to go.

CA Evaluation

CA evaluation is not necessary, but good if you provide. Most of our land properties are not mentioned on tax papers but on CA evaluation so they don’t consider as legitimate. Because they are clever enough to understand whatever you want to write to the CA people they write. Lands are important as a country tie as you may be the inheriting the land from mother or father. Don’t mismatch CA and Tax assessment paper. Keep same information for both and must be proper.

About Second Masters Program

Most of us is concerned about second masters program. I also faced this type of issues during my time. To avoid this, ask your supervisor top to provide a letter explain that why you are enrolled in a second masters not in a PhD program. Mine worked in this case. I had provided a letter from my supervisor regarding this and it worked fine.

Paying tuition fees in advance

If your visa is rejected due to financial issue you may pay tuition fees in advance for 1 year and reapply again to show that you are able to pay and you have sufficient amount. Its not necessary at the first time and doesn’t contribute to visa, but in case rejected you can try this. If you are unable to attend the program you will get refund. Check the refund policies of your applied institution. Be aware of fraud.

Details about Tax assessment

Below am providing the screenshot of a good sample of tax assessment. It’s a translated copy by a lawyer. While doing assessment do it in English so no need to translate. You parents need to provide with their information’s. People applying this September for January session please do the tax assessment clearly this June carefully. Remember this years tax assessment has to be in a same row of the previous one (means keeping similarity with the previous year one), because if you provide a lot of money lands, etc that’s not legitimate, you will face trouble. Don’t provide any wrong information. Always provide the truth. If not then trouble is waiting.

1. Tax payers Income information: 

2. Income details including house rent (if any) 

3. Provident fund (if any) 

4. Most important portion about fixed asset, gold amount, lands, share business, investments, cash in hand cash in bank. For example you have 10 lacs bdt in bank. And 4 lacs in hand at home from savings. And in 9a and 9b cash in hand and bank amount mentioned in over the total you have (because its written according to previous year plus the current year) then all good. You can explain this cash amount is declared on the assessment and its cleared. 

5. Dependents: 

6. Total yearly expenses:

In this section your total yearly expenses for the family is mentioned. Lets say you have 10 lacs income and expenditure is 5 lacs in year. You have 5 lacs savings in bajk ir cash home. Can be mentioned in 9a and 9b page 5.