ITR Requirement for Australia and New Zealand | Big Update 2025

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ITR Requirement for Australia and New Zealand | Big Update 2025

In this informative video, Chakit Sir explains everything about Income Tax Returns (ITR) and how to present your financial details effectively to New Zealand immigration authorities for a successful study visa application.

1. What is ITR?
ITR is a legal document filed annually with the Income Tax Department to declare your income and taxes paid.
It acts as proof of a stable and genuine financial background when applying for a visa.

2. How to Show ITR and Source of Funds:
Dos: Present ITRs for the last 2–3 years to demonstrate consistent financial stability.
Include parents’ or sponsors’ ITRs if they are funding your education.
Ensure funds are traceable and legitimate, supported by savings, fixed deposits, or education loans.
Mention specific sources of income, like salaries, rental income, or agricultural profits.

Don’ts: Avoid using large, unexplained cash deposits in bank accounts as they can raise red flags.
Do not fabricate or submit falsified ITRs or income documents.
Avoid presenting incomplete or outdated ITR records.

3. Special Cases for Agriculture or Business Income:
Agricultural Income: Show land ownership documents as proof of agricultural income.
Provide receipts or records of crop sales, if applicable.

Business Income: Submit audited financial statements like profit and loss accounts or balance sheets.
Provide GST returns or other business-related tax documents to support income claims.

4. What New Zealand Immigration Looks For:
A clear and verifiable source of income to ensure you can fund tuition fees and living expenses.
A stable financial profile backed by legal and transparent documentation.
Consistency in ITRs and bank statements to avoid suspicion of misrepresentation.

Pro Tips from Chakit Sir:
If you have irregular income, seek professional help to consolidate and present financial records properly.
Agricultural and business income must be well-documented with supporting evidence.
Strong financial backing increases your chances of visa approval—be thorough and truthful.
Follow these guidelines shared by Chakit Sir to confidently handle your ITRs and funding documentation for your New Zealand study visa application!

Introduction 00:00 1:03
ITR for Study Abroad 1:04 2:27
Agriculture Income & Business Income Source of Funds 2:28 4:21
Education Loan Points to keep in mind 4:21 5:04
Bachelor's Students Must Focus on These Points 5:05 5:15
Choose Courses from Green List Only 5:16 5:42
Consult with an experienced Consultant 5:43 6:14
Look for other countries like USA, UK & Canada if funds are not enough 6:15 7:00
Financials are the most important factor to get your study visa 7:01 7:20
Get in touch with us 7:21 7:47

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