Seeking Advice: Choosing Between IIIT Pune CSE, Manipal CSE, and BITS Hyderabad EIE for My Son

Ans: Namaste!!
Your gut needs to be made stronger and that will help you a lot. Please consult a good nutritionist to plan a clean diet. Practicing yoga under a qualified teacher will help a lot. Have hot water at least five to six times a day. These tips will help a lot.

Ans: Your current earnings of 70K per month if adjusted for inflation(6% assumed)10 years would be 1.25 L.

Assuming you will need 70% of that inflation adjusted value to cover your regular expenses in retirement so your monthly payout requirement will be 70% of 1.25 L=87.5K
A sip of 25 K for 10 years will yield you a corpus of 61.67 L.
A 6% annuity will yield you a monthly income of 30.8K.
If you have corpus available through other sources like EPF, PPF upto 1.13 Cr after 10 years then NO issue the current sip will suffice. (113+61.67=174.67)
A 6% annuity of 1.7467 Cr will yield you monthly payout of around 87.5K
Else you may need to do a sip of 32K for 15 years to reach targetted corpus.
It can be achieved in 10 years too but the sip amount comes to 71K more then your monthly income of 70K hence redundant. (All sip returns are assumed from an equity fund at a modest rate of 13%)

The LIC policy maturity proceeds can be used to purchase the flat as desired.

However more important goals before retirement are the education funding requirement for your children.

I hope you have made provisions towards the same.

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

If you need any further clarity, kindly revert.

Happy Investing!!

Ans: Dharsha, whichever online JEE coaching you join, please note, it is does not depend only upon which online coaching you join, but also depends upon your self-motivation, dedication, preparation strategies & smart study techniques. I can provide you some important strategies/steps/tips you can follow when preparing for JEE & other Engineering Entrance Exams. (1) As Merit List/All India Rank is prepared on the basis of highest marks in Maths first, give 20% extra time for Maths, followed by Physics. (2) Parepare your own short notes after going through any chapter and keep revising them daily/weekly/regularly. (3) Be thorough with HC Verma - 2 volumes for Physics. Solutions book available for the same in Amazon. (4) If possible, join 1-2 online test series of any 2 reputed coaching centers, but before buying make sure that each question will have detailed answers/explanatory notes. Else, you will be struggling to get answers for the questions wrongly answered by you or you have skipped the questions. (4) Focus more on difficult, complicated, lengthy & tough questions instead of wasting your time on the concepts/questions you know well (5) Make a separate note-book for those type of questions with detailed answers and keep revising them as these type of questions will disturb you a lot in actual exam (6) After attempting each offline/online mock tests (be it concept-wise, chapter-wise, unit-wise, or full syllabus), analyze the speed, accuracy and time taken for each question to improve further. (7) Avoid comparing yourself with others; (8) Never get demotivated by temporary failures. Always think about how to overcome failures (8) You can even download or print-out the 2024 syllabus of JEE and whenever you complete any chapter, put a tick-mark against it as there will not be very major changes in the syllabus in the following years. (9) You should attempt minimum 5-7 entrance exams instead of relying only on JEE to have multiple options to choose the most suitable one. (10) As coaching center materials cover almost all concepts, have extra 1-2 reference books only. Not required beyond 2 books.

These are just some illustrative basic & important tips for your Engineering Exam Preparation.

All the BEST for Your Bright Future, Dharsha.

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Ans: No.
For claiming exemption under Section 54EC for long term capital gains arising out of sale of a real estate property, you are required to invest the indexed long term capital gains in capital gains bonds of specified entities within a period of six months from the date of sale of the asset subject to maximum upper limit of 50 L for a financial year.

Ans: Amrutha, You have NOT mentioned what the qualifications of your friend & what have been his nature of jobs during the last 20 years. Based on his experience, he can try for a Consultant's job, as getting a permanent job after 50 will be difficult. If he has his LinkedIn Profile, he can try through it by putting Job Alerts, related to his domain. However, he should start improving his communication skills & his self-confidence. If not possible, he should try for those jobs which do not need these skills much or need less. All the BEST for Your Friend's Bright Future.

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Ans: You have mentioned you pursued the UX Design Course in 2020. Now 2024. You have not mentioned what you had been doing during the last 4-years. If you had not been in touch with UX Design for the last 4-years, better to start helping your father in his business. All the BEST for Your Bright Future.

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Ans: You have right to have equitable share in ancestral property.

Please seek help from a lawyer regarding next steps

Ans: I presume that your FIL expired without making a valid will. In such case your MIL, her daughter i.e. your wife and their adopted son would have equal right in his property.

If your MIL makes a will/gift deed that her share of the property be given to her daughter, then your wife has 2/3rd share of the property. Rest 1/3 will go to the adopted son.

Some communities in India may have different inheritance laws.

Please consult a lawyer for further help.

Ans: forget it