If the sponsor does not have three years of income tax returns, do I need to have the funds liquid in my account or a sanction letter?
Yes, if your sponsor cannot provide three years of income tax returns, you must show clear proof of funds through other means.
You can use:
- Liquid funds in your own bank account (maintained for the required period, typically 28 days)
- An education loan sanction letter from a recognized financial institution
These alternatives are generally accepted as proof of funds, provided the documentation is clear, recent, and from a recognized source.
If you need help preparing the right documents, connect with your LeapScholar counsellor for guidance.
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