I'm a parent of a B.Tech Civil Engineer. What's next - M.Tech or MBA?

Ans: 01. You have not mentioned, whether share you want to sell are covered under LTCG or STCG.
02. If covered under LTCG, , it shall be exempt up to Rs.1.25 lakh, & rest, if any shall be taxed.
03. You are free to purchase shares of other companies, with the sale proceeds
MOst welcome for any further clarifications. Thanks.

Ans: 01. Your question is not very clear, but what I understand is that your Purchased a Flat/House in 2022.
02. Now, you want to sell it as Long Term Capital Asset (during f/y 2024-25.
03. Kindly ensure that there should be a gap of at least 2 years, between purchase & Sale of Property to be taxed under LTCG. In your case time line is important, so kindly watch the same.
04. Another important point is that if you have availed any exemption u/s 54, in your ITR for f/y 2022-23, then you must keep the property for 3 years, before it is sold. If your don't comply with this, the exemption you availed earlier may not be valid & the same will become taxable.
Most welcome for any further clarification. Thanks.

Ans: Existing corpus 18+11+3=32 L
Assuming modest growth @ 10% pa this corpus will grow to 83 Lakhs 10 year hence.

Also SIP of 90K will yield a corpus of 2.22 Cr after 10 years

So comprehensive corpus of 2.22 + 0.83=3.05 Cr

Considering annuity at 6 % this will yield a monthly income of 1.52 L falling short of your expectation of 2 L pm.

This can be addressed in two ways:
Either you increase SIP amount to 1.30 L or top-up current SIP amount by 10% each year.

This leads to corpus of 3.21 + 0.83=4Cr+

An annuity at 6% will yield you a monthly income of 2 L(pre-tax).

The rental income from your extra house or other fund resources are not considered.

A modest return of 13% is considered from pure equity schemes.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

You may follow us on X at @mars_invest for updates

Happy Investing

Ans: Hello and thanks for writing to me.

I am assuming you are investing with a goal for long term wealth creation and are fine with the volatility associated with equity. In such a case, you can consider investing in 2 funds, a multicap fund and a flexicap fund. A multi cap fund will ensure you have exposure to companies across market capitalizations while a flexicap fund can move across market capitalizations.

Do note that I am recommending the fund type without any other information about your objective or risk appetite. If you give me other details, I may recommend other type of schemes.

Ans: Hoping you will retain this corpus of 38 L in equity funds it will grow upto 3.43 Cr 18 years here onwards, also your existing SIP of 35K will continue for next 18 years thereby leading to a corpus of 3.02 Cr.
Total corpus will be 3.43+3.02=6.45 Cr causing a gap of 1.55 Cr in your intended corpus of 8 Cr at the age of 60.

If you can fill up this gap in intended corpus through other resources like EPF then perfectly ok else you may have to top up sip of 35K with 7.5% every year or enhance the sip value to 55K now to comfortably reach your goal of 8 Cr by 60 years. (Returns are assumed at a modest rate of 13% from pure equity funds)

Also as you move closer to retirement after maybe 55-56 years, transfer gains in equity funds to liquid funds to protect it against market volatility.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

Happy Investing

You may follow us on X at @mars_invest for updates

Ans: Yes Jyoti. However, keep upgrading your skills, recommended by your college faculties, to be competitive among other students for Campus Placement. All the BEST for Your Bright Future.

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Ans: The first best source to search for a suitable job is LINKEDIN. Fine-tune your LinkedIn Profile & also your Resume. Put Job Alerts in LinkedIn and keep applying for the vacancies, if they match your profile. Try to join some online Certification Courses. As far a Global Remote Jobs are concerned, you can try through LinkedIn or Indeed. However, please note, to be competent among other job seekers in India, you should keep upgrading your skills/certifications. Continue gaining work experience and pursuing online Certifications to boost your confidence. All the BEST for Your Bright Future.

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Ans: Hello,

To begin with, thank you for contacting us. I am happy to know that you have completed your Master of Commerce (M.Com) and possess 15 years of work experience. To answer your question first, I would like to tell you that given your vast experience, at 45, pursuing the US CPA is a wise decision, as it can improve your employment opportunities in accounting and finance to a great extent. I would like to tell you that the CPA credential is highly valued and can lead to senior positions and specialized possibilities. Bear in mind that age can be an asset that indicates maturity and in-depth sector knowledge, both of which employers value.

Pursuing a Master's in Accounting and Analytics in the US is a feasible choice if you wish to expand your knowledge and acquire abilities in high-demand areas. A number of professionals seamlessly shift to academic programs later in their careers, and STEM-designated programs provide excellent employment opportunities in the United States. For this reason, moving to the USA can be beneficial as long as you are prepared for the personal and financial investment that would be required.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint

Ans: Pravin Sir, as far as OCI status is concerned, please note (reproduced here the 'State of Eligibility' given on Page No.21 of JEE Information Bulletin 2024), "The State Code of Eligibility for OCI passing the class 12 (or equivalent) examination in India is at part with Indian Nationals. However, OCI passing the class 12 (or equivalent) examination from an institution abroad are eligible for other State Quota Seats or All India Quota Seats (but NOT for Home State Quota Seats) in all NITs, IIITs & Other CFTIs". As far as NRI status is concerned, your son should have completed his 12th from abroad only. And he will be considered as a 'General Category' applicant only. All the BEST for Your Son's Bright Future.

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