My daughter has 89.48 percetile in jee mains ,12th from delhi and obc .want cs in descent college ..

Ans: Praveen, Your daughter has great job choices in banking, finance, marketing, law, corporate secretary, mass communication, journalism, and hotel management even if she can pursue Commerce and Economics without Mathematics. Higher studies possibilities comprise B.Com (Bachelor of Commerce), B.A (Bachelor of Business Administration), BA Economics, Law (BA LLB/BVA LLB), Mass Communication & Journalism, and Hotel Management. Jobs in banking and finance; marketing and sales; HR; corporate secretary; legal profession; and entrepreneurship abound. Nonetheless, some elite institutions and universities could demand Mathematics, and disciplines like Data Science, Finance, and Actuarial Science mostly depend on it. She can still have a brilliant future in commerce and economics even if she hates maths greatly. She should investigate courses in Business Studies, Accountancy, or Entrepreneurship alongside Commerce & Economics since Applied Mathematics can be a useful substitute. Please note, The level of Mathematics required in Commerce and Economics depends on the specific subjects and career paths chosen. Commerce without Maths involves basic calculations and logic-based thinking, while Economics without Maths involves basic statistics, graphs, and logical reasoning. B.Sc. Economics requires higher Maths, while Commerce with Applied Maths covers practical topics like financial mathematics, probability, statistics, and logical reasoning. Career paths include B.Com, BBA, CS, Law, HR, Digital Marketing, and Entrepreneurship. If a daughter dislikes Maths but wants Commerce/Economics, Commerce without Maths is a safe choice. If she is not able to cope up with ICSCE Board, it is advisable to change her into CBSE. If she is struggling with the ICSE board, it is advisable to transfer her to CBSE. All the Best for Your Daughter's Prosperous Future.

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Ans: Hello;

You may buy immediate annuity for a sum of 2 Cr from a life insurance company.

At 6% annuity rate, it may provide you a monthly income of 1 L.

Since requirement of funds for higher education of your kids is close so it is not advisable to hold it in equity, being volatile by nature.

You may keep sum of 1.20 Cr in nationalised bank's cumulative FDs in lot size of 5 L/10 L.

You may hold bluechip large cap stocks worth 30 L for long-term horizon (7 yr+).

The ulip funds and NPS may be used to top-up annuity income at respective maturities.

Also ensure adequate health care insurance for yourself and your family.

Best wishes;
X: @mars_invest

Ans: Hello;

You may sell the second flat and land site owned by you.

It may fetch you around 1.1 Cr(~50 L flat value and 60 L land site value).

Therefore your total corpus adds upto around 2.5 Cr(1.4 Cr FD+ 1.1 Cr RE sale proceeds).

You may keep a sum of 50 L towards higher education corpus for your child.

For the balance 2 Cr, if you buy an immediate annuity, you may expect a monthly income of around 1 L.

This conveniently meets your regular monthly expenses and provides a surplus.

Part of the surplus may be invested in equity savings type mutual funds so as build a corpus over 10 years which may be used to boost retirement income.

Maturity proceeds of various endowment policies which have subscribed to, may be used to step up the annuity income to account for inflation.

Annuities may have lower rate then FD but it is offered for long tenures thereby avoiding the reinvestment risk.

Ultimately it is your preference.

Do buy adequate healthcare insurance for yourself and your family.

Also a word of caution on plan to undertake trading and investment in direct stocks. Define a certain minimum risk capital (say 10 L) which you may not mind even if lost completely and then venture out for stock trading. No MTF, No FNO.

Also take trades based on own self study or recommendation from a registered research analyst. Trading based on social media and TV tips is a sure way to disaster.

Happy Investing;
X: @mars_invest

Ans: No it is not possible.

Ans: Hello
You need to pursue a 2-year Master's degree in Clinical Psychology from a recognized Dutch university, followed by a mandatory 2-year post-master training program after that only you will be able to practice.

Ans: Hello Sultan
I am unable to understand your question.

Ans: Hello,
BITS Pilani is a much older established institution than IIT Indore.
Pilani has around 6 decades of legacy and its CS program is considered at a higher rank than IIT Indore. It has huge alumni base & network over IIT Indore. IIT Indore was established in 2009.

But if you need an IIT Tag in your CV for a lifetime, then opt for Indore. Studying at IIT is a matter of pride.

This is my personal opinion. Others view may differ.

Ans: short term (less than 365 days) 20% and long term (more than 365days) 12.5%

Ans: When you gift shares to your wife and she sells them, she will be liable for any capital gains tax on the sale. If she then uses the proceeds to buy new shares, the liability for any future capital gains on those shares will also be hers.

In India, the recipient of the gift (your wife) is responsible for paying capital gains tax on the sale of gifted shares. The cost basis for calculating the capital gains would be the original purchase price of the shares when you acquired them.