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Geeta

Geeta Ratra  |125 Answers  |Ask -

Visas, Study Abroad Expert - Answered on Apr 12, 2023

Geeta Ratra has been an immigration expert for more than two decades and has strong knowledge of international immigration policies and procedures. She is vice president, operations, at Abhinav Immigration Services. Besides visa and immigration services, they also provide study abroad advice that includes application assistance, counselling and university shortlisting.... more
hetal Question by hetal on Apr 03, 2023Hindi
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my son will complete his Diploma in IT in June 2023. in there anyway he can go Canada for further study on work permit and study graduation ?

Ans: Hello Hetal
Yes your son can go for further study to Canada. Post study he can get work permit. Once he complete his one year of experience he can apply for permanent visa for Canada.
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Sushil

Sushil Sukhwani  |330 Answers  |Ask -

Study Abroad Expert - Answered on May 17, 2023

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Sir, my son has just completed his 12 class in commerce stream. We wish to send him abroad for studies and permanent settlement there. Our focus is on Canada. Please guide us and tell us the valuable diploma courses in good colleges and fee structure and other costs. Also advise if we send him after the graduation.
Ans: Hello Lakhbinder,

Thank you for contacting us. It can be a thrilling opportunity to send your son to study and live permanently overseas. Owing to its excellent educational system and friendly culture, Canada is a popular choice for overseas students. You can plan by following the advice provided here:

1. Certificate Programs: In Canada, "community colleges" or "colleges of applied arts and technology" are where diploma courses are commonly offered. These colleges offer education that is both practical and career-focused. A few worthwhile diploma programs in the area of commerce include: Business Administration, Marketing Management, Supply Chain Management, International Business, Human Resource Management, Accounting and Finance.

2. Good Colleges: Numerous reputable colleges in Canada offer diploma programs and Bachelors. Several well-known organisations with programs in commerce include: Humber College, George Brown College, Seneca College, Sheridan College, Centennial College. Making an educated choice, however, requires thorough research and comparison of colleges based on their program offers, standing, professors, and campus amenities.

3. Fee Structure and Additional Costs: Depending on the institution, program, and location, the price structure and other charges may change. In general, tuition costs for international students will be greater than for domestic students. The typical yearly tuition costs for overseas students in Canada, as of the cutoff date in September 2021, range from CAD 15,000 to CAD 35,000, depending on the program and institution. Depending on the city and lifestyle, a person's annual living costs—which include housing, food, transportation, and healthcare—can range from CAD 10,000 to CAD 15,000.

4. Graduation vs. Diploma Courses: If your son has just finished his 12th grade, he might think about enrolling in a diploma program right away. In Canada, diploma programs are intended to give students specialised knowledge and skills for particular professions. But if you'd prefer that your son continue his education, he can earn his graduation (Bachelor's degree) in Commerce in India before looking into opportunities for postgraduate study in Canada, such as Post Graduation Diploma Program or a Master's or MBA.

It's important to take into account aspects like eligibility requirements, visa procedures, scholarship or financial aid choices, and employment opportunities both during and after studies when making the decision to send your son to Canada.

For the most recent information and advice on immigration laws, study permits, and settlement procedures, it is also advised to speak with an educational advisor or get in touch with the Canadian embassy or consulate.

For more information, you can visit our website.

..Read more

Sushil

Sushil Sukhwani  |330 Answers  |Ask -

Study Abroad Expert - Answered on Apr 16, 2024

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My son doing CTVS course. I want to know what are the higher studies available in india or abroad?
Ans: Hello EZHIL,

To begin with, thank you for contacting us. I am happy to hear that your son is studying Cardiothoracic and Vascular Surgery (CTVS) course. You would be glad to know that studying overseas can expose your son to other methods and viewpoints in the domain of cardiothoracic and vascular surgery (CTVS), in turn, providing him with a comprehensive education. Concerning your query, I would like to let you know that we only deal with overseas education and therefore, would only be able to suggest certain possibilities for higher education overseas.

Master of Science (MS) or Master of Surgery (MCh) programs in cardiothoracic and vascular surgery are offered by a number of foreign universities. Thorough instruction in both theoretical knowledge and practical abilities are offered by these programs. Next coming to fellowship programs, a number of prestigious medical institutions provide CTVS fellowship programs. Specialized training across a broad range of cardiothoracic and vascular surgery topics, including minimally invasive procedures, transplantation, and paediatric heart surgery are offered by these programs. Pursuing a Ph.D. in cardiothoracic and vascular surgery (CTVS) can be a desirable choice for individuals who are passionate about academics and research. With an emphasis on cutting-edge research approaches, these programs enable students to make innovative research contributions to the field. Electives or short-term observerships at prestigious medical facilities overseas can also be looked into by your son. These opportunities enable students to network with professionals in the area as well as provide practical exposure to cutting-edge surgical techniques. Coming to conferences and workshops, I would suggest that he participates in international seminars and conferences related to vascular and cardiothoracic surgery. These meetings provide chances to learn, hone skills, as well as connect with international experts.

I would recommend that your son conducts an extensive study taking into account variables viz., the syllabus, experience of the faculty members, possibilities for research, and opportunities for clinical exposure prior to selecting a university and program. Not just that, make sure the program you have chosen fulfills all accreditation requirements as well as resonates with your son's professional objectives.

For more information, you can visit our website.

..Read more

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Moneywize

Moneywize   |102 Answers  |Ask -

Financial Planner - Answered on May 02, 2024

Asked by Anonymous - Apr 20, 2024Hindi
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I have submitted my Form 15 to my bank in April 2023. My income falls under the non-taxable category against interest received from bank FDs. Bank has not deducted any TDS up to September 2023 but from October 2023 they have started deducting TDS on FD interest earned by me saying that interest earned on my FDs have crossed the limit of Rs 5 lakh. Is the bank right in deducting tax citing this reason? Please enlighten me.
Ans: No, the bank is likely not right in this case. Here's why:

• Form 15G validity: A valid Form 15G submitted before April 1, 2023 is applicable for the entire financial year 2023-24 (assessment year 2024-25). This means if your income falls under the non-taxable category, the bank shouldn't deduct TDS on your FD interest for the entire year.
• TDS exemption limit: The current exemption limit for TDS on FD interest is Rs 40,000 for individuals below 60 years old, and Rs 50,000 for senior citizens (above 60 years old). There's no limit of Rs 5 lakh for TDS deduction on FD interest.

Here's what you can do:

• Reach out to your bank: Inform them that you submitted a valid Form 15G and your income falls under the non-taxable category. You can clarify the exemption limit and point out the mistake.
• Request rectification: Ask the bank to rectify the error and reverse the TDS deducted on your FD interest from October 2023 onwards.
• Seek professional help: If the bank doesn't resolve the issue, consider seeking help from a tax consultant or financial advisor. They can guide you further on how to claim a refund for the deducted TDS.

Additional points to consider:

• Ensure you have a copy of the Form 15G submission acknowledgement for your records.
• Keep a record of any communication with the bank regarding the TDS deduction.

By following these steps, you should be able to resolve the issue with the bank and avoid unnecessary TDS deduction on your FD interest.

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Ramalingam

Ramalingam Kalirajan  |1298 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

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Hi, my age is 29. Married. My daughter is 8 months old. My monthly salary is Rs. 1.33L PM. Monthly expense - Rs. 35,000 Current commitments are: Home Loan EMI - Rs. 43,535 (8 months completed. 30 years tenure) Term Insurance - 1cr (Annual premium - Rs. 36,000 for 10 years. 7 more premium pending) Current NPS Balance - Rs. 75,000. Investing Rs. 15,000 pm SSY - Rs. 12,500 pm. APY - Rs. 409 pm I'm planning to save for Emergency Corpus Fund, get a medical insurance floater policy. My short term goal is to save Rs. 20 lakhs within 4 years for registeration and interior work for house. My long term goals are for daughters UG education, wedding, retirement at 55 years. I took investment risk test and Im an aggressive investor and planning to invest more on equity. Also, I want to diversify the portfolio and invest across asset class.
Ans: It's great to see your proactive approach to financial planning! With your solid income and clear goals, here's a suggested plan:

Emergency Corpus Fund: Aim for 6-12 months' worth of living expenses in a high-yield savings account for emergencies.
Medical Insurance Floater Policy: Ensure adequate coverage for your family's healthcare needs, including your daughter.
Short-Term Goal - House Expenses: Consider a mix of equity and debt mutual funds for potential growth while safeguarding against market volatility.
Long-Term Goals - Daughter's Education, Wedding, Retirement: Continue investing in equity through mutual funds or stocks for higher returns over the long term. Also, explore options like PPF, NPS, and diversified funds for diversification across asset classes.
Review and Adjust: Regularly review your portfolio's performance and make adjustments as needed to stay on track with your goals.
Remember, financial planning is dynamic. Consulting a Certified Financial Planner can provide personalized guidance tailored to your unique circumstances and aspirations. With discipline and strategic investing, you'll be well-positioned to achieve your financial dreams.

...Read more

Mayank

Mayank Chandel  |437 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on May 02, 2024

Asked by Anonymous - Apr 24, 2024Hindi
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I completed bams a year ago. I passed 12th in 2014 and prepared for neet 2 times but couldn?t get seat because i was not serious about my career at that time. I had no clearity. I was so confused that I couldn?t focus. Even my parents and relatives were scolding me and not helping me . So I wasn?t thinking roperly focused. Then i gave bams entrance for the first time and got seat. I feel like if they wouldn have helped me or asked me what do i feel then i must not have been in the same place as am today. I feel i have ruined my life. Am currently working in delhi as a physician in a very renowned ayurvedic institute. But i feel like I don?t have passion for ayurveda. Am 26 years old. Everytime i feel like failure as I couldn?t get mbbs. Still my teenage to final year of my college i used to be so confused about my career. As now at 27 am having clearity that i want to be a cardiac surgeon, i feel like it?s too late to restart again. I feel depressed, failed and guilty. I don?t know if its a good decision to appear for neet again or not. I feel like defeated. I dont Feel happy. This time i have a lot of passion for becoming a cardiac surgeon but i am not able to decide this thing myself. I feel helpless. I feel guilty that I couldn?t clear neet exam. On the other hand there are some of my friends who never ever appeared for neet and did bams from private colleges are really happy and don?t have any complaints from this career. Why do i only feel defeated and unhappy.
Ans: Hi,
I cannot help you psychologically. But yes if you are really serious & want to restart give it a second thought that whether you will be able to give another 10 years into study. Plus NEET has become more competitive now as almost 24L+ students are writing this year. Again you won't make it there you will be more depressed. Other option would be MBBS abroad then. But still the question is will you be able to give your next 10 years into study?

...Read more

Ramalingam

Ramalingam Kalirajan  |1298 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

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Hi Jinal, We both partner are 40 year old. These days after having second child (9 month old), I am bit worried about my both sons (Elder one 10 year) future. We couple currently earning 3.5 Lack per month together (In hand). I am investing 15 thousand in LIC SIIP (Last two year), 25 thousand in SIP (SBI, Last two year), and nearly 20 thousand in LIC per month (Last 10 years). I do invest 1.5 Lacks in PPF every year (Last 13 year). With all this investment can i reach a core plus of 60 Lac (For younger one education) by 2030 and another 1 Cr (For Elder one education and marriage) by 2040. I don't have to plan our retirement as we both are government employee and automatically investing in NPS as per government rules (Current value of NPS is 80 Lack combined). Is this investment is sufficient or i have to increase further for our sons education. One more thing I do investment in gold also (Physical) approximately 3 Lack per year from last 2 years.
Ans: It's heartening to hear your dedication to securing your children's future amidst the joys and challenges of parenthood. Your commitment to various investments, including LIC policies, SIPs, and PPF, reflects your foresight and responsibility.

While your current investments provide a solid foundation, it's essential to regularly review and adjust your financial plan. Consider consulting with a Certified Financial Planner to assess if additional contributions or adjustments are needed to meet your ambitious goals.

Remember, financial planning is a journey, and flexibility is key to adapting to life's twists and turns. With careful planning and guidance, you can navigate towards a brighter future for your children with confidence.

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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