Hi,

Someone told us that we should declare funds in excess of what we are actually carrying with us. This will help us in getting some tax rebate later. Can we do this by simply stating the amount or we have to show the documents (FD receipts etc.)? Actually some of our FD will mature later after one year and my husband will surrender his Indian insurance policy next year. So we want to take into account this money also in our settlement funds which is tax free. Please let me upto what period we can bring funds in this category and what is the procedure required? And as mentioned above can we simply say that I have $5000 (say) in a fixed deposit and $3000 (say) in insurance premiums without showing any document?

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I am not sure if there is any tax rebate for bringing in excess funds. Are you sure?

Regards
Daks