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Sushil Sukhwani |330 Answers |Ask -Follow

Study Abroad Expert - Answered on Apr 20, 2024

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more

Question by Shailendra on Apr 12, 2024Hindi

Career

I m 37yr old married and only earning person of my family, mba graduate & working with a mnc in Medical device industry in sales want to shift newzeland or Australia can you suggest best possible option

Ans: Hello Shailendra. Thank you for contacting us. It is good to hear that you have been working with an MNC in medical devices and want to shift to Australia and New Zealand. However, let me tell you that you are eligible to apply for health care management, health administration, and public health programmes in Australia and New Zealand.
It is important to note that Australia has an age limitation, restricting individuals aged 35 and above from applying for the Post-Study Work (PSW) visa. However, there are no such age barriers in place in New Zealand. Therefore, the individual is encouraged to consider New Zealand as a viable option for pursuing their studies in the healthcare field.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.

You may like to see similar questions and answers below

Mayank Kumar |189 Answers |Ask -Follow

Education Expert - Answered on Feb 06, 2023

Question by Ajay - Feb 03, 2023Hindi

Career

I have 14 years experience of PHARMACEUTICAL industry please suggesst any consultant or immigration centre contact no for AUSTRALIA work visa

Ans: Ajay - there are multiple agents that work in this space. I have not personally worked with anyone - so cant comment on the contact number. What I can say that Pharma / Healthcare is a large growing sector and will continue to have demand for Indian professionals globally.

Geeta Ratra |125 Answers |Ask -Follow

Visas, Study Abroad Expert - Answered on Feb 14, 2023

Question by Ashfak - Feb 06, 2023Hindi

Career

dear i am 63 years and experienced in pharma production dept please suggest me how to get job in Australia

Ans: Dear Ashfak,
We dont help in jobs. If you are looking for PR visa under startup visa category for Canada then we can help you for the same.

Sushil Sukhwani |330 Answers |Ask -Follow

Study Abroad Expert - Answered on Jul 27, 2023

Asked by Anonymous - Jul 11, 2023Hindi

Career

I am working in PSU bank in India as manager my salary is gross 1 lac per month. but I don't like working condition as industry having nepotism, favours for someone, undue pressure of selling insurance, working hours upto 12 hours and transfer without logic. I want to settle Canada/ Australia and job search there or quit job prepare GMÀT and join top ten Business School. I have a kid and wife. wife is working. Family ready to support in my decision. How ever my relatives not want me to do this. Please guide me best to select as my health deteriorating day by day because of this job. Please guide.

Ans: Hello,

To begin with, thank you for getting in touch with us. We do offer classes for GMAT. If you are looking forward to prepare for the same, please contact us for more details so that our experienced team can evaluate your profile and guide you accordingly.

For more information, you can visit our website.

Shekhar Kumar |117 Answers |Ask -Follow

Leadership, HR Expert - Answered on Apr 29, 2024

Asked by Anonymous - Apr 21, 2024Hindi

Career

I am a 40 yr old Orthodontist in government service since last more than 15 years. Since the time I joined this service I wanted to quit it since it has basically been a place not aligning with my life values. It has destroyed my clinical skill and has been basically a political playground, fake performances, below average minds. But I could not quit it due to family and financial issues. Now I have decided to finally say goodbye to it since lately it has been affecting my mental wellbeing also. I’ve been a bright student academically and quick learner also. I’m planning to move to Australia with family after clearing the stages. But I am anxious about taking this initiative at this age along with reason that I have no contact whatsoever in Australia. Australia due to the fact that it has just three time saving steps compared to other complexities in Europe and US. What do you suggest for the situation?

Ans: It sounds like you've reached a critical decision point in your career and personal life, and it's commendable that you're considering taking steps to prioritize your well-being and pursue a new path. Conduct thorough research on the immigration process, licensing requirements, and job prospects for orthodontists in Australia. Explore the Australian Dental Council's (ADC) accreditation process for internationally trained dentists and orthodontists. Familiarize yourself with the healthcare system, regulatory bodies, and professional associations relevant to your field in Australia. Although you may not have existing contacts in Australia, start building your network by reaching out to professionals in your field through online platforms, professional associations, and networking events. Consider joining forums, social media groups, or online communities for dentists and orthodontists practicing in Australia to connect with peers, ask questions, and seek advice. Seek guidance from experienced orthodontists who have successfully transitioned to practice in Australia, either through personal connections or professional networks. Consider enrolling in continuing education courses, workshops, or certification programs to enhance your skills and demonstrate your commitment to professional development. Prioritize your mental and emotional well-being during this challenging transition period. Seek support from family, friends, or mental health professionals to cope with stress, anxiety, or uncertainty associated with making significant life changes. Recognize that embarking on a new journey in a foreign country may involve obstacles and setbacks along the way. Stay resilient, adaptable, and open-minded as you navigate the complexities of immigration, licensure, job search, and cultural adjustment in Australia.

Taking the initiative to pursue a new career path and life direction in Australia requires courage, determination, and perseverance. Through planning, seeking support, and staying focused on your goals, you can overcome challenges and build a fulfilling and successful professional and personal life in your new home country.

Latest Questions

Moneywize |103 Answers |Ask -Follow

Financial Planner - Answered on May 03, 2024

Asked by Anonymous - May 02, 2024Hindi

Money

I want to invest a corpus of Rs 7 lakh for my granddaughter's education. She is 7 now. I will need this money after 10-12 years. How shall I invest this money to get Rs 25 lakh by 2036. I am 60 now. I have already made provisions for my retirement corpus and am not worried about it. I want to fund my granddaughter's education. How shall I go about it?

Ans: Investing for your granddaughter's education is a thoughtful decision. Given your time horison of 10-12 years and your goal of accumulating Rs 25 lakh (Rs 2.5 million), you'll need to consider several factors such as risk tolerance, expected returns, and investment options. Here's a suggested approach:

• Determine Risk Tolerance: Since you have a long-term goal, you might be able to afford more risk in your investments. However, given that this money is earmarked for your granddaughter's education, you may want to strike a balance between risk and return.
• Asset Allocation: Consider a diversified portfolio comprising of equity, debt, and possibly some alternative investments. A mix of assets can help manage risk and potentially achieve higher returns.
• Equity Investments: Given your time horizon, equities can play a significant role in generating returns. You may consider investing a portion of your corpus (around 60-70%) in equity mutual funds or stocks. Since equities can be volatile in the short term, they tend to offer higher returns over the long term.
• Debt Investments: To provide stability to your portfolio, allocate a portion (around 30-40%) to debt instruments such as fixed deposits, debt mutual funds, or PPF (Public Provident Fund). These investments offer lower but more predictable returns compared to equities.
• Systematic Investment Plan (SIP): Consider investing in equity mutual funds through SIPs. SIPs allow you to invest small amounts regularly, averaging out the purchase cost and reducing the impact of market volatility.
• Review and Rebalance: Periodically review your portfolio to ensure it remains aligned with your goals and risk tolerance. Rebalance the portfolio if necessary by adjusting the asset allocation.
• Consider Tax Implications: Be mindful of the tax implications of your investments. Equity investments held for more than one year qualify for long-term capital gains tax, whereas debt investments may attract tax based on your income tax slab.
• Emergency Fund: Ensure you have an adequate emergency fund set aside separately from your granddaughter's education corpus to cover any unexpected expenses.
• Seek Professional Advice: If you're unsure about investing, consider consulting with a financial advisor who can help tailor an investment strategy based on your specific circumstances and goals.

By following these steps and staying disciplined with your investment strategy, you can work towards accumulating the desired amount for your granddaughter's education by 2036.

Ramalingam Kalirajan |1311 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Question by RC - Jan 25, 2024Hindi

Money

Let us inform tax saving options available in new tax regime for FY 2023-24 in the Benefit of all ?

Ans: New Tax Regime Exemption List
Transport Allowances w.r.t. Person with Disabilities (PwD)
Conveyance Allowance
Travel/ Tour/ Transfer Compensation
Perquisites for Official Purposes
Exemptions for Voluntary Retirement Scheme u/ Section 10(10C)
Gratuity Amount u/ Section 10(10)
Leave Encashment u/ Section 10(10AA)
Interest on Home Loan on Lent-out Property u/ Section 24
Gifts of Up to Rs. 5,000
Employer’s Contributions to Employees NPS Accounts u/ Section 80CCD(2)
Additional Employee Costs u/ Section 80JJA
Standard Deductions on Family Pension u/ Section 57(IIA)
Deductions on Deposits in Agniveer Corpus Fund u/ Section 80CCH(2)

Ramalingam Kalirajan |1311 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Question by Saddam - Jan 25, 2024Hindi

Money

100 crores , 10 years mai kaise kamaye.

Ans: Earning 100 crores in 10 years is an ambitious goal that would require careful planning, strategic investments, and potentially taking on significant risk. Here are some avenues you could consider:

Entrepreneurship: Starting and scaling a successful business can generate substantial wealth over time. Identify a lucrative market opportunity, develop a robust business plan, and execute it with determination and perseverance.
Stock Market: Investing in high-growth stocks or equity mutual funds with a long-term horizon can potentially yield significant returns. However, this approach comes with risks and requires thorough research and diversification.
Real Estate: Investing in real estate properties in rapidly growing markets or commercial ventures can offer substantial returns over a decade. However, this avenue requires substantial initial capital and entails risks associated with market fluctuations.
Alternative Investments: Explore opportunities in alternative asset classes such as private equity, venture capital, or cryptocurrency. These investments often carry higher risk but can yield substantial returns if successful.
Diversification: Consider diversifying your investments across multiple asset classes to spread risk and maximize potential returns.
Achieving such a lofty financial goal necessitates careful consideration of risk, market conditions, and personal circumstances. Consulting with financial experts or Certified Financial Planners can provide valuable insights and guidance tailored to your specific situation and goals.

Ramalingam Kalirajan |1311 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Asked by Anonymous - Jan 25, 2024Hindi

Money

We oftenly go to invest in a mutual funds for higher return than conventional path. If higher return is our goal then why do most of the experts ask for time horizon to be invested?

Ans: Indeed, aiming for higher returns is a common aspiration when investing in mutual funds. However, the emphasis on time horizon by experts is not about stifling your pursuit of higher returns but rather about optimizing your investment strategy for success.

Consider this: Mutual funds typically invest in a diversified portfolio of assets such as stocks, bonds, or a combination of both. These assets can be subject to market fluctuations and volatility in the short term. By having a longer investment horizon, you allow your investments the opportunity to weather these ups and downs and potentially deliver higher returns over time.

Moreover, the time horizon aligns with your financial goals and risk tolerance. Short-term fluctuations may not be conducive to achieving your objectives if you need the funds in the near future. By defining a clear time horizon, you can tailor your investment strategy to match your goals and risk profile effectively.

In essence, while aiming for higher returns is essential, having a disciplined approach and a realistic time horizon can enhance the probability of success and help you stay on course towards achieving your financial aspirations.

Ramalingam Kalirajan |1311 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Question by K - Jan 25, 2024Hindi

Money

I am 68year old Pensioner. Last month I sold my house property and earned around Rs50lacs. I w am planning to gift the entire amount to my son in order to get tax exemption. My son is planning to utilise the amount to repay part of his housing loan from HDFC, probably during September 2025 . Now (1)Does he has to pay IT for this amount as he will be spending only in laterhalf of 2025? (2) Instead, if I invest this amount in LTCG or NHAI funds, do I have to pay any tax for this total amount this year?

Ans: Your decision to gift the proceeds from selling your house to your son reflects a heartfelt gesture of support and love. As you navigate the tax implications, it's essential to consider the timing and nature of the transaction.

Regarding your first question, your son won't be liable to pay income tax on the gifted amount until he utilizes it, typically in September 2025. This postpones the tax liability until the funds are actually put to use.

Exploring alternative options, such as investing in Long Term Capital Gains (LTCG) or NHAI funds, could potentially offer tax benefits. However, it's crucial to assess the tax implications and investment suitability carefully. While these avenues may provide tax advantages, it's essential to evaluate their risk-return profile and alignment with your financial goals.

Consulting a Certified Financial Planner can provide clarity on the tax implications and help you make informed decisions aligned with your financial objectives. Remember, every financial choice carries its own set of considerations, and seeking professional guidance can illuminate the path towards wise financial stewardship.

Ramalingam Kalirajan |1311 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Asked by Anonymous - Jan 25, 2024Hindi

Money

Dear, Myself ANANTHA KRISHNAN. Ive been regularly investing in SIP since 2014. How can I find out what is the current value of this(these) SIPs?

Ans: It's great to hear about your disciplined approach to investing through SIPs. To find out the current value of your SIP investments, you have a few options:

Fund House Website: Most mutual fund houses provide online portals where investors can log in and view their investment details, including current portfolio value. You can register on the website of the mutual fund houses where you have invested and access your account to check the current value of your SIPs.
CAMS/Karvy Website: CAMS (Computer Age Management Services) and Karvy are registrar and transfer agents for mutual funds in India. They offer online portals where investors can track their mutual fund investments across different fund houses. You can register on the CAMS or Karvy website and access your consolidated portfolio to check the current value of your SIPs.
Mutual Fund Apps: Many mutual fund houses have their mobile apps, which allow investors to track their investments on the go. You can download the mobile app of the mutual fund houses where you have invested and log in to check the current value of your SIPs.
Financial Advisor: If you have a financial advisor or a Certified Financial Planner, you can reach out to them for assistance. They can help you track the performance of your SIP investments and provide insights on your current portfolio value.
By leveraging these resources, you can easily find out the current value of your SIP investments and track their performance over time. It's essential to review your investments periodically to ensure they remain aligned with your financial goals and risk tolerance.

Ramalingam Kalirajan |1311 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Asked by Anonymous - Jan 19, 2024Hindi

Money

I am planning to invest 50k/ month as Sip, for 20+ year investing horizon, Can u please suggest me funds in mf.. Goal: wealth creation

Ans: For long-term wealth creation through SIPs, it's essential to select mutual funds with a proven track record of delivering consistent returns and managing risk effectively. Here are some categories of mutual funds that you may consider:

Large Cap Equity Funds: These funds invest in large, well-established companies with stable growth prospects. They offer relatively lower risk and can provide steady returns over the long term.
Multi Cap Equity Funds: These funds have the flexibility to invest across companies of various market capitalizations, providing diversification and potential for higher returns.
Mid Cap and Small Cap Equity Funds: These funds focus on mid-sized and small-sized companies with high growth potential. While they carry higher risk, they also offer the possibility of generating substantial returns over the long term.
Equity Index Funds: These funds aim to replicate the performance of a specific stock market index, such as the Nifty 50 or Sensex. They offer low expense ratios and can be suitable for investors seeking market returns with minimal active management.
When selecting specific mutual funds within these categories, consider factors such as the fund's historical performance, expense ratio, fund manager's track record, and investment philosophy.

It's essential to diversify your SIP investments across multiple funds to spread risk and maximize potential returns. Additionally, regularly review your portfolio and make adjustments as needed to ensure it remains aligned with your financial goals and risk tolerance.

Before making any investment decisions, I recommend consulting with a Certified Financial Planner who can provide personalized advice tailored to your unique financial situation and goals.

Ramalingam Kalirajan |1311 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Question by zia - Jan 13, 2024Hindi

Money

Dear Sir, I purchased a shop in October 2022 . I paid the required amount as declared in registeration papers ( stamp duty, registeration , sale deed etc. ) However, the builder addiotnally asked for Rs. 57,000/- towards GST to be paid in cash. At the time of registeration I paid only Rs. 50,000/- in cash. Thats why the builder didint issue any GST invoice. When I paid the balance Rs. 7,000/-, the builder issued a hand written letter certifying that Rs. 7,000/- only have been received towards GST ( and not Rs. 57,000/- which I actually paid). He didi not even mentioned his GST number in that letter. There is no GST invoice from any government deptt. My questions is, whether the builder can issue a hand written GST invoice without mentioning his GHST number ??. As far as I know, all GST amounts are are paid to the Givernment and not any any individual.

Ans: It's concerning that the builder issued a handwritten letter for GST payment without providing an official GST invoice or mentioning their GST number. According to GST regulations, all transactions involving GST must be accompanied by a valid GST invoice issued by the registered supplier, containing their GST number.

In this case, the absence of a proper GST invoice raises questions about the legitimacy of the transaction and whether the GST amount was appropriately accounted for and remitted to the government. Handwritten letters without proper documentation may not suffice as valid proof of GST payment.

To address this issue, I recommend seeking clarification from the builder regarding the absence of a formal GST invoice and their GST registration details. If the builder is registered under GST, they should be able to provide a proper GST invoice with their GST number for the amount paid. If they fail to do so or provide insufficient documentation, it may be prudent to consult with a legal advisor or tax expert to explore further steps to ensure compliance with GST regulations and protect your interests.

Ramalingam Kalirajan |1311 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Asked by Anonymous - Jan 10, 2024Hindi

Money

Hi Sir, I am planning to buy crypto tokens in FY 2023-24. As per the tax law, I have to pay 1% TDS which will be debited by the crypto exchange. when I sell my crypto tokens in any of the subsequent financial years, I will have to pay 30% tax on the profit (plus surcharge). I wanted to know how will this 1 % surcharge be adjusted when I sell my cryptos in coming years? Or will I have to pay 1% this financial year and additional 30% taxes (plus surcharge) when I sell my cryptos. Kindly clarify the matter. I look forward to your response.

Ans: Your inquiry reflects a responsible approach to understanding the tax implications of investing in cryptocurrencies. The 1% TDS (Tax Deducted at Source) levied by the crypto exchange is an advance tax payment, akin to a prepayment of your tax liability on the profit from cryptocurrency transactions.

When you sell your crypto tokens in subsequent financial years, the 1% TDS already deducted will be adjusted against your final tax liability. Therefore, you won't have to pay the 1% TDS again when you sell your cryptos.

However, it's important to note that the profit from cryptocurrency transactions will be subject to a 30% tax (plus surcharge) when you sell them in the future. This tax will be calculated on the gains made from your crypto investments, after deducting any allowable expenses or losses.

To ensure compliance with tax regulations and maximize your tax efficiency, consider consulting with a tax advisor or a Certified Financial Planner. They can provide personalized guidance based on your financial circumstances and help you navigate the complexities of cryptocurrency taxation.

Ramalingam Kalirajan |1311 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Asked by Anonymous - Mar 24, 2024Hindi

Money

I am 37 years old and i have started sip in 2 funds for retirement corpus. They are ICICI prudential value discovery fund and HDFC flexi cap fund. Am I on the right track? Are these funds good for creating a substantial corpus?

Ans: At 37, you're demonstrating admirable foresight by initiating SIPs for your retirement corpus. Both ICICI Prudential Value Discovery Fund and HDFC Flexi Cap Fund are reputable choices known for their potential to generate substantial returns over the long term. However, the suitability of these funds depends on various factors, including your risk tolerance, investment horizon, and financial goals.

Have you considered the diversification benefits of investing in different asset classes through these funds? It's wise to ensure that your investment portfolio is well-balanced to mitigate risks and optimize returns.

While these funds have a strong track record, it's essential to regularly review their performance and reassess their alignment with your objectives. Consulting a Certified Financial Planner can provide valuable insights and help fine-tune your investment strategy for optimal results.

Remember, the journey towards building a retirement corpus requires patience, discipline, and periodic adjustments. Stay committed to your goals, keep a watchful eye on market dynamics, and trust in the power of compounding to realize your financial aspirations.

See more questions »

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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