Vivek Lala

Answered on Nov 04, 2024

Question by NARENDRA - Oct 01, 2024Hindi

FOR A 90-YEAR-OLD INDIAN CITIZEN, what is the current income tax on sale of a flat in Pune city purchased IN 2004 at INR 15 lakhs and sold at INR 1 Crore IN 2024, NOT INTENDING TO RE-INVEST IN A FLAT.

Ans: Hello, it is the same as it was by using the CII to calculate the tax
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Answered on Nov 04, 2024

Question by SA - Oct 20, 2024Hindi

Myself 55 years old,, i am going to acquire a residential house (47year old) property by way of will from my mother,, i want to sell it at a price of 150 lakhs what will be the tax i need to pay ,, educate me

Ans: Yes the tax will be applicable as if your are the owner of the property when it was purchased by your mom
There are different ways to calculate the taxes

Do let me know your views on this on my LinkedIn profile, attaching my profile :
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Answered on Nov 04, 2024

Asked by Anonymous - Oct 25, 2024Hindi

Hi My father have a savings account and a few FDs. He passed away a month ago. I am a joint account holder. I want to transfer all the amount to my mothers account in the same bank of which again i am a joint account holder. The issue is after my fathers death i will be made the primary account holder of the account. Once i preclose all the fds then the interest will be shown as income to me. Though i transfer all the amount to my mother, how to avoid tax on the interest from FDs which is now in my name?

Ans: Hello, the tax has to be paid by you. If not then you can file the ITR for your late father and show the income in his account and pay the taxes as applicable

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Answered on Oct 25, 2024

Asked by Anonymous - Aug 11, 2024Hindi

Sir, It assessess cash Gift from specified relatives exempt under new tax regime or not.

Ans: Yes, it depends on the cash gifts amounts accepted

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Answered on Oct 25, 2024

Asked by Anonymous - Aug 12, 2024Hindi

sir, A Doctor running a two hospitals . 2 nd hospital rent to another Doctor and advance ,rent from another Doctor . Doubt: Rental income commerical property or house property treated and advance from another Doctor without interest accepted.

Ans: Both are incomes, one is business income and second is rental income from commercial property

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1

Answered on Oct 25, 2024

Question by krishnan - Aug 13, 2024Hindi

hello Sir! good day. I was an NRI for 14 years in Singapore and still continue to work for the organization in Singapore and draw my sal in Singapore in my account in Singapore . I hold NRE FDs /FCNR deposits/ NRI SB /NRO account . I returned to India due to some personal issues and my organization allowed to work from home . I still hold Employment pass in Singapore . I am still undecided about returning to Singapore which my company is okay with this idea. I am at the moment in cross roads . My question is I have been filing my income tax every year and for AY 2024-25 I filed RNOR status as i was not away from India for not more than 180days . My question is 1. Do I have to change all my NRE and FCNR deposit which i hold in a nationalised bank to RFC account and convert my NRE and NRO account to residency . I am not clear at the moment about staying back in India but can go back to Singapore still qualifying for the 180days rule. 2. Do i have to clsoe my account in Singapore and bring the proceed to India?. 3.Whom should I intimate about my account status. To the bank where i hold deposit ? thanks

Ans: Hello, need some more details for the same
Do let me know your views on this on my LinkedIn profile, attaching my profile :
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Answered on Oct 25, 2024

Asked by Anonymous - Aug 16, 2024Hindi

I have received a property in blood relation from my brother ,which was purchased in 2003 by him 450000 ,the value now in blood relation 125000,who have to pay capital gain, I have sold this property un2024 in 3200000 ,this is residential property, I have to pay capital gain tax ? Or if I purchased commercial property of 32 lakh Will I have to pay capital gain tax Barjindera singh

Ans: Hello, need more details for the same
Do let me know your views on this on my LinkedIn profile, attaching my profile :
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Answered on Oct 25, 2024

Asked by Anonymous - Aug 17, 2024Hindi

Sir, A person sec 44ad provision itr filed.but assessess purchase of gold jewellery value rs:3 lacs two times f.y.23-24 Question: Assessess purchase of gold jewellery transaction show in itr returns compulsory

Ans: Gold is purchased after the tax is paid on the income earned
So nothing to be shown regarding gold in ITR

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1

Answered on Oct 25, 2024

Asked by Anonymous - Jul 26, 2024Hindi

Dear Mr Vivek I am salaried person and selling my pent house at noida @2.30 CR and my buyer need to pay all amount in cheque or bank transfer please advise the tax and tax gain etc and further if i buy new house the owner want A and B amount .which is deal with all land lord happened please advise can i go with all A if so than tax ? thanks and regards Ashok Ghai

Ans: Hello, need some more details for the same
Do let me know your views on this on my LinkedIn profile, attaching my profile :
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Answered on Oct 25, 2024

Question by Chacko - Aug 26, 2024Hindi

A neighbour sold land and price gained was shown correctly in income tax return; but the buyer showed only half the price in land transfer registration documents. If so, is (1) my neighbour or (2) the land buyer who showed only half actual price paid or (3) both liable for prosecutions? Thanks

Ans: Hello, both are wrong as the documents cannot be made by just one party, it has to be signed by both the parties.

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Answered on Oct 25, 2024

Question by RMA - Oct 18, 2024Hindi

I am a 63 years old senior citizen , wish to get approximately 1 lakh per month for my monthly expenses . Want to know how much amount to invest in mutual funds in SWP. Please suggest mutual funds name to invest .After how much period of investment i will be able to get SWP amount in my account .

Ans: Hello, i am glad you have the knowledge of SWP and you wise to invest in Mutual funds for the same
For an SWP of 1L per month, you have to invest 2crs ( SWP rate is 6% )
Looking at your age and since i don't have the understanding of your other investments, you should make a balanced portfolio
Listing the funds as follows which we have to invest using an STP of 10 to 20 weeks :
Aggressive Hybrid - 10%
Large and mid cap - 20%
Multicap - 20%
Mid cap - 20%
Small cap - 20%
Thematic funds - 10%

SWP can be started when the STP is fully done

Do let me know your views on this on my LinkedIn profile, attaching my profile :
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Answered on Oct 25, 2024

Asked by Anonymous - Oct 22, 2024Hindi

Please advise whether it is wise to withdraw PF and invest in Stock or Mutual Fund for the below scenario . Age 39, resigned from Indian MNC , while I was abroad, almost 3yrs ago and I understand PF interest will not be paid after 3yrs. (PF is held in the trust account of MNC) . While my PF is earning interest currently, my previous organisation is charging me 10% TDS. I might relocate to India in the future and might join an Indian company but I risk losing the benefit of earning interest until I join back in India. And, I lost the tax component charged as TDS for the interest earned in MF.

Ans: Hello, it all depends how much debt exposure you would like to take in your portfolio
At your age, you are going to have an active income for the next 15yrs, so your equity to debt exposure can be about 90% to 10%
And generally your debt exposure should be liquid for emergency purposes
Also for the TDS deducted for any reason, you can claim it back by filing the ITR regularly.
Do
let me know your views on this on my LinkedIn profile, attaching my profile :
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Answered on Oct 25, 2024

Question by Harris - Oct 22, 2024Hindi

HELLO Mr. LALA, DO YOU OFFER REGULAR PERSONAL SERVICES TO PRIVATE CLIENTS TO NRIs?

Ans: Hello, yes i do
Do visit my page on LinkedIn for more details
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Oct 15, 2024

Question by nikhin - Oct 12, 2024Hindi

I have purchased a residential flat in december 2021 amounting to 80 lacs rupees and had been paying the builder in installments in dec 2021, dec 2022, dec 2023 and next installent on possession and registration of sale deed in dec 2024 each of rs 20 lacs. I have sold my shares which has crossed 12 months equivalent to 80 rupees in september 2024. Can i claim section 54f for full amount?

Ans: Yes if you follow all the rules for claiming the benefit

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Answered on Sep 30, 2024

Asked by Anonymous - Jun 26, 2024Hindi

I have joint savings bank account with my wife. Who should be showing the interest income in ITR for saving interest, me or my wife?

Ans: The first holder will have to show the interest

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Answered on Sep 30, 2024

Question by BHARAT - Jul 25, 2024Hindi

Hello Vivek, I would like to confirm whether there is any exemption in STCG on sale of equity shares? Like 1.25 Lacs in LTCG

Ans: It depends on if you have any other income apart from STCG

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Answered on Sep 30, 2024

Question by mustafa - Jul 29, 2024Hindi

dear sir, is profit from shares is clubbed with my other income such as salary and other source of income or taxed differntly eg if i have profit of 5 lacs from shares , so have to pay ltcg on 5 lacs. and i also have salary income and frm other sources say eg 10 lacs. so my 10 lac will be clubbed with my 5 lac of shares profit or waht?

Ans: It is taxed differently

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Answered on Sep 30, 2024

Asked by Anonymous - Aug 01, 2024Hindi

Dear Mr.Vivek, Please inform how to reduce Income tax on short term Capital gains in investments of Listed equities and Mutual funds. What are the allowed deductions for Senior Citizen ? As now the STCG is increased from 15% to 20% how to plan for Taxes .

Ans: Hello, if you are a senior citizen you get a higher tax slabs in terms of your taxes
My suggestion would be that avoid trading in the market and have a long term vision. If the STCG is generated because of SWP, that's a part of the process and you can avoid the tax on the same using the tax slab benefits for yourself.

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Answered on Sep 30, 2024

Question by Alok - Aug 06, 2024Hindi

I purchased a house in 2010 at Rs 16 lakhs. I want to sell it now in August 2024 at Rs 40 lakhs. I will reinvest the LTCG in purchasing a new house in 2025-2026 at a cost of Rs 65 lakhs. Will I get a tax exemption and in which year will I have to show the transaction (in AY 2025-26 or AY 2026-2027. Please advise.

Ans: Hello, yes you will be getting the tax exemption but just make sure you are following the definition of the Income tax.
You have to show it in the year you sell, if selling as of today, it will be show in AY 25-26

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Answered on Sep 30, 2024

Asked by Anonymous - Sep 28, 2024Hindi

Aside from FDs, I have an excess of 40 lakhs that I want to investment in money market. With a 9-year-old son and wife, I am 42 years old, and I currently have a 50K SIP's. We have 40 lakhs in total MF portfolio. For my family, I have floater health insurance and LIC. How can I invest this money to earn good returns over the long term (greater than ten years)? Given that the market is at an all-time high right now, I'm not quite sure how to invest.

Ans: Hello, currently the markets are high is the tone you would hear on all social media's but it's still far behind from the ACTUAL all time high's in terms of PE.
We are currently doing an STP of 15-30 weeks for our clients in case of any fresh money being invested and we are focusing more on Large and mid cap and multi cap funds, so you use the same strategy and maybe reshuffle your portfolio as and when the mid and small caps become cheaper
Do let me know your views on this on my LinkedIn profile, attaching my profile :
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Answered on Sep 22, 2024

Question by RAMENDRA - Sep 22, 2024Hindi

I have sold a residential property in March 2023 and booked a new flat for which last instalment paid in September 2024 and possession will be in November 2024. What will be LTCG implication ?

Ans: Hello, it depends on the date of agreement of the new house

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Answered on Sep 11, 2024

Question by Piyush - Aug 31, 2024Hindi

Dear sir, i have got the shares in oct 23 after death of my brother as a i was nominee in dmat account . Now if i sell the shares and do charity, do i have to pay tax ? How to calculate cap gain tax as i do not know his purchase details

Ans: First the shares have to be transferred to your name and then you can sell the shares and pay tax
Yes tax has to be paid if any

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Answered on Sep 11, 2024

Asked by Anonymous - Aug 31, 2024Hindi

Sir, Assessess own commercial property rentals income from customersrs for functional hall rs:30 lacs f.y.23-24 Question: Assessess sec 44ad opt presumptive scheme eligibility or not

Ans: For any rental income, it has to be considered under rent and not professional income

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Answered on Sep 11, 2024

Asked by Anonymous - Sep 10, 2024Hindi

I am a student and I'm planning to take an educational loan of 20 lacs and then invest 12 lac in mutual funds to clear the loan amount after 5 years so is it fine to have that decision?

Ans: Hello, that can be a good idea on paper, provided you know that you will get a job after 2 years of studying and you can start with your EMI immediately. Just to put it in numbers :
Loan amount after 2 yrs at 9% - Rs.2376200
EMI will start after 2 yrs , lets assume you select 5 yrs, so the total interest cost will be - Rs.583360
Total Interest = 959560
Value of 12L after 7yrs at 13% cagr = Rs.2823126

VS the second option of taking a loan of 8L and having the same scenario , the interest cost will be = 150480 + 233409 = 383889

Hence by taking a loan of 20L and investing 12L in equity MF for 7 yrs total is a much more beneficial option

Do let me know your views on this on my LinkedIn profile, attaching my profile :
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Answered on Aug 25, 2024

Asked by Anonymous - Aug 23, 2024Hindi

So I have 5000 to invest for SIP and I see things like keep 2000 for large cap and 2000 for flexi and 1000 for large or mid cap.My question here is Should these amounts be invested in one mutual fund only , like 2000 for one large cap or I could do 1000,500,500 for 3 large caps and similarly for other two types also. I should invest 2000 in one flexi cap or same amount in 2-3 flexi caps. Which is a better option

Ans: Hello, there are multiple options of funds in mutual funds to be invested in. The selection of funds depends on your duration of investment , understanding of the volatility of the markets which in turn will make your funds volatile depending on the category of funds.
According to me if your time duration is more than 7 yrs , you can do the following ( assuming your emergency corpus is taken care of ) :
Small cap - 2000
Mid cap - 2000
Multicap - 1000

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

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Answered on Aug 25, 2024

Question by PK - Aug 22, 2024Hindi

sir, I,am ,Kumaraswamy a central Govt pensioner.I am filing my ITR regularly.Now I want to construct a house by withdrawing 30 lakhs from my retirement savings. How to justify and show this amount in my nest income tax return.

Ans: You can withdraw any amount as its tax paid money , so nothing to be worried of
You can do as you please with your savings or investments

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Answered on Aug 25, 2024

Asked by Anonymous - Aug 23, 2024Hindi

i have 5 lakh with me want to invest and that invest work as my second income please suggest.

Ans: Hello, you can create a balanced portfolio in mutual funds by selection 2 funds for the same
One can be a multicap fund and other can be a large and mid cap fund 50% each
Your SWP amount should not exceed 6% of the corpus invested
Also if you have active income and don't need any passive money, you should defer the SWP as per the cash flows

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Answered on Aug 22, 2024

Asked by Anonymous - Aug 19, 2024Hindi

Hello Sir, I have been investing into Bajaj ULIP from my NRE account for 5 years, which ended in Dec '23. The maturity is after 5 more years (by 2029). Can I cancel the policy in between as i wish to use that amount to make a down payment for an apartment. The capital gain as of today over my invested amount is little over 7Lakhs. If i withdraw that amount into my NRO account what are the TAX implication and how should I file it?

Ans: Hello, the ULIP can be redeemed after 5yrs anytime and the money received will be based on the NAV of the fund selected by you
No tax implications in India as the investment is in ULIP, you have to ask your CPA or your accountant for the tax liabilities in the country of working

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Answered on Aug 11, 2024

Question by PATEL - Jul 02, 2024Hindi

Hello sir, My wife had an income from Share trading and interest received from loans given to relatives up to 2,95,000 plz suggest which itr form will be filed.

Ans: Hello, ITR 2 is to be filed

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Answered on Aug 11, 2024

Asked by Anonymous - Jul 09, 2024Hindi

Hello in 2022 my grand father passed away I got 7lakhs from his post office acc and I withdrew 2.4lakhs from his bank account but I dint filed itr that year and I filed my itr this year. Will there be difficulties in future with that amount and was it taxable?

Ans: Hello, as per the data given , nothing seems to be taxable as its all below the taxable limit

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Answered on Aug 11, 2024

Question by NARESH - Jul 11, 2024Hindi

I have taken loan from relative and will be paying interest to him at bank rates. Can I claim this as expense in ITR?

Ans: Interest can be taken as expense if you are having business income

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Answered on Aug 11, 2024

Asked by Anonymous - Jul 19, 2024Hindi

Want to know whether the one lakh exemption limit is now not available on LTCG Equity oriented mutual fund redemption gains (AY 2024-25) per 112A.

Ans: AY 24-25 is 1L , for AY 25-26 its 1.25L

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Answered on Aug 11, 2024

Asked by Anonymous - Jul 23, 2024Hindi

Hi Sir..I am working as Assistant Manager in Odisha in khordha district central cooperative Bank (DCCB). It is under Odisha state cooperative bank (OSCB) and works as per coperative act odisha 1962 and in accordance with NABARD and RBI. we have a board which makes all the decisions. In FY 23-24 I invested frequently in FNO and INTRADAY Trading.. recently i came to know that govt. employees are not allowed to do speculation as per law. Does this rule applies to cooperative banks ? am i gonna be in any trouble. ? and how to show FNO and Trading while filing income tax returns ? Kindly guide me Sir.

Ans: I don't think so there is such rule against FNO trading.
It is advised not to be done if you are doing it part time , if you are interested please learn about it and do it full time rather than part time
FNO and intraday trading is taxed under business income

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Answered on Aug 11, 2024

Question by sg - Aug 02, 2024Hindi

I HAVE PURCHASES A HOUSE 1600000/- + 200000 REGISTERY EXPS NOW I WANT TO SELL AMOUNT HOUSE 3000000/- HOW TO SAVE CAPITAL GAIN PURCAHSE YEAR 2014 AND SELL YEAR 2024

Ans: The tax implication will be 1.3L , which according to me you should pay and invest the money in liquid assets for your future money needs. You can create a balanced portfolio of mutual funds and take a 6% SWP at max from the portfolio created
Do read my latest post on LinkedIn for the same

https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Aug 11, 2024

Question by Vijay - Aug 05, 2024Hindi

My brother owns a house with current value of 50L in which he is not staying. And I have 50L mutual fund and do not have liquid money to transfer. Can he transfer property in exchange of transfer of mutual fund? Is transfer of mutual find possible to another person? Is gifting possible between siblings with no tax implications? Is there a way to achieve minimal tax and what would it be for both of us?

Ans: Yes its better to transfer or gift mutual funds as the tax implications on gain will be in your hands at redemption
In case of sale of house , you will have to make gift deed and other documents which will have costs

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Answered on Aug 11, 2024

Asked by Anonymous - Aug 10, 2024Hindi

Sir I'm Bams Dr age 26 yrs income approx 1 lakh per month. just want to know which is better mutual fund or individual stocks and also gold or silver and physical or digital which one is best for 20 yrs perspective.

Ans: Hello, mutual funds are equities but managed by a professional. Stocks are good if it's your full time job. Since you are a doctor , it's advised to invest in mutual funds
Gold and silver should be for consumption and not for investment unless you are in a wealth preservation mode rather than wealth creation mode

Do let me know your views on this on my LinkedIn profile, attaching my profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Aug 11, 2024

Question by Shammsunder - Aug 10, 2024Hindi

I'm looking to accumulate the funds of 2 crore through mutual funds in next 5 yrs. Kindly guide n suggest through investment plans.. Shammsunder nikam

Ans: Hello, there are 2 ways to invest money in mutual funds , one is SIP's and other is Lumpsum
If you have an active income, then your sip amount should be 2.38L to get to 2crs in 5yrs @13% xirr
If you want to invest a lumpsum amount then your investment has to be 1.08 crs to get to 2crs in 5yrs at 13% cagr

Remember that past performance is not a guarantee for future returns, and it's always important to review your investments periodically to ensure they remain aligned with your financial objectives.

Do let me know your views on this on my LinkedIn profile, attaching my profile :
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Answered on Aug 11, 2024

Question by Gardenia - Aug 11, 2024Hindi

Need 5 lacs investment in lumpsome mutual funds for 15 years. Suggest.

Ans: Hello, this depends on your age and other investments done by you
But since your time line is 15yrs , you can go for an aggressive portfolio
Mid cap - 40%
Small cap - 40%
Multicap - 20%

Remember that past performance is not a guarantee for future returns, and it's always important to review your investments periodically to ensure they remain aligned with your financial objectives.

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Answered on Aug 11, 2024

Question by Anil - Aug 11, 2024Hindi

Sir Recently my father (aged 73yrs) sold a property which belong to him. He to amount of Rs 25 lakh in his bank account. Will he have to pay capital gain in this case ? if No then its fine if yes then how much ? and suggest proper measures to nullify the capital gain tax. Thank you

Ans: Hello, if property is sold , then yes he definitely has to pay tax on it at 20% after indexation ( consult a CA as he will give a much precise answer in terms of tax outflow once you give him all the details )
There are multiple ways to save taxes , but my suggestion would be to pay taxes if any and to invest that money in an asset which yields good growth or a decent monthly income with growth and liquidity since your father is 73yrs old
In case of investments in Mutual Funds , you can select the following portfolio options for a retired person :
Equity hybrid - 20%
Large and mid cap - 30%
Multicap - 30%
Mid cap - 20%

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Do let me know your views on this on my LinkedIn profile, attaching my profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Aug 10, 2024

Asked by Anonymous - Aug 08, 2024Hindi

Sir, it assessess sec 44ada provision profit declared 50 percentage itr returns filed f.y.23-24 after revised returns lower profit with books of accounts maintained tax audit itr filed allowed f.y.23-24

Ans: Yes , if there is a valid reason for the same

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Answered on Aug 10, 2024

Asked by Anonymous - Aug 09, 2024Hindi

Sir, It assessess taxable income below rs:3 lacs and cash Gift from father rs:20 lacs amount through on bank channel f.y.23-24 Question: Assessess itr returns filed mandatory 2.cash Gift from family members how many times gift received one finical year allowed in it act

Ans: Yes return needs to be filed
No limit on gift received from relatives as per the income tax definition , but make sure the money received as gift is tax paid money by the person who is transferring it to you

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Answered on Aug 10, 2024

Asked by Anonymous - Aug 09, 2024Hindi

sir, A individula assessee personal expenses(house hold expenses) rs:6 lacs show in books f.y. 23-24 Question: Assessee personal expenses(house hold expenses) any limit provision applicable in it act.

Ans: Personal expenses cannot be claimed for business incomes

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Answered on Aug 10, 2024

Asked by Anonymous - Aug 10, 2024Hindi

Sir, It assessess cash Gift from family members (father ,mother , brother, sister)how many times allowed one finical year in it act

Ans: Please be specific with amounts and what will be the purpose of the cash gifts

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Answered on Aug 08, 2024

Asked by Anonymous - Aug 08, 2024Hindi

Sir, It assessess sec 44ada provision itr returns filed f.y.23-24 cash on hand balance rs:20 lacs as per books as on dt:31-03-24 Question: Cash on hand balance huge amount year ending penalty applicable under income tax act

Ans: No penalty as such , but if that cash is cash income then you have to declare while filing the ITR

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Answered on Jul 23, 2024

Question by rmingle - Jul 16, 2024Hindi

Hello, Shri Vivekji, my wife purchased plots worth Rs.135000 in August2002 and sold the same at a cost of Rs.1200000 in July2024. whether she will have to pay the income tax if any and how much, please suggest.

Ans: Yes , after indexation the tax will be 20%

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Answered on Jul 23, 2024

Question by P - Jul 18, 2024Hindi

Dear Vivek- My name is Badrinath and i have filed the ITR's of myself ,my wife and my son on 28th June itself and the same is E-verified also. But still its not processed and the refund due to my wife and son not credited. Pl advise.

Ans: It can take upto 3 months for the same , please keep patience

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Answered on Jul 23, 2024

Question by RAJESH - Jul 18, 2024Hindi

I am interested in investing 1 Lakh per month in Mutual Funds. I am 46 years old NRI living in Germany, got good savings in FDs, got flat too with no loan left. Now the plan is to buy the term plan for 4 Crore and Build of Corpse of 7-10 Crores by age of 60 years. Do let me know what is the minimum savings needed per month and i like to know which mutual funds to target. Thanks

Ans: Hey yes its can be done by creating a balanced portfolio. If your time horizon is 7 years plus , you can select the following categories of funds
Small cap 30%
mid cap 30%
multi cap 15%
large and mid 15%
thematic 10%

Do let me know your views on this on my LinkedIn profile, attaching my profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

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Answered on Jul 23, 2024

Question by Saikat - Jul 21, 2024Hindi

Sir, I had initially started SIP in mutual funds via an agent but I am not happy with his assistance. Now after a considerable period of time I'm confident that I can do so myself. I have started a few direct ones myself, however as for the rest I'm still continuing with the regular plans. Please suggest me a way so that I can transfer the existing plans to direct plans so that I may save on the amount that would otherwise be paid as commission. Since I have build a corpus on the existing regular ones, I don't want to lose money by stopping them or being charged with capital gain tax, in case of STP. Thanks.

Ans: Hello, you can move from regular funds to direct funds by going on the website of individual AMC's selected by you
Guidance is necessary not in the short term but in the long term especially when the markets are volatile and when the corpus is sizeable enough
Also in the last 4 years it's been an easy ride in equities , please make yourself knowledgeable enough to take decisions when the tide changes

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Answered on Jul 23, 2024

Asked by Anonymous - Jul 20, 2024Hindi

Is it advisable to redeem from Mutual funds less than Rs.1 lakh per annum to avoid Long term capital gains tax?

Ans: can do the same to save 10K per year

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Answered on Jul 23, 2024

Question by Anil - Jul 21, 2024Hindi

Sir I have invested in Jeevan Shanti 2 CR for 9 years redemption deferred From 7th year I will get pension of Rs 2 lakhs approx every month My mutual fund investments is Rs 4 CR. I am 55 years old and I. Working Lete more about how to make more new investment

Ans: Hello, you can manage your portfolio in a way so that you get a desired sum of money every month via SWP for the longest term possible factoring in for inflation

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