Will my son, with a 91.3 percentile in JEE Mains 2025, get Civil Engineering at an NIT?

Ans: Have you spoken to your husband openly about how this is making you feel? The key is to approach the conversation calmly and without blaming his mother directly. Instead of saying "Your mother is turning you against me," you could say something like, "I feel like our relationship is changing, and I miss the way we used to be. I just want us to be happy together without outside negativity affecting us."

Try to understand his perspective as well. He might be feeling torn between his mother and you, not knowing how to balance both relationships. If he truly cares for you, he will listen and try to make things better. However, if he constantly prioritizes his mother’s opinions over your well-being, it might be a deeper issue that requires counseling or a serious conversation about boundaries in marriage.

Would you like to share more about how his behavior has changed and what specific things his mother says to influence him? That could help in figuring out the best way to approach this.

Ans: The first step is to create a safe space where she can talk about her emotions without fear of judgment or dismissal. Try to approach her with empathy and patience. Instead of telling her she is wrong, ask her to share her feelings. You can say something like, "We love you, and it hurts us to see you so distant. Can we talk about what made you feel this way? We genuinely want to understand." Avoid arguments and comparisons with her brother—focus only on her feelings.

It may take time for her to open up, especially if she has built emotional walls. If she refuses to engage, writing a heartfelt letter might help, as she can read it in her own time. Also, consider seeking the help of a professional counselor or therapist who can mediate conversations and guide the healing process.

Your daughter is at an age where independence and self-identity are important, so giving her space while keeping the lines of communication open is key. The goal is not to force a relationship but to gently rebuild trust so she feels emotionally safe with you again.

Ans: Hello Raja.
Your son has a chance to get admission to CSE in one of NITs under the OBC-NCL category considering the previous year's cut-offs.

If satisfied with the reply, pl like and follow me, else ask again without any hesitation
Thanks
Radheshyam

Ans: slim chance

Ans: Hi Karunakar,

You have an House property (independent house) valued at 1.6Cr which you intend to sell and use the amount to purchase another House property (flat) with value of 1.4Cr.
You have raise multiple queries and before responding to them, I will try to explain the capital gains on house property.
Capital Gains = Sale value - cost of acquisition - cost of improvement - expenses incurred for sale (e.g. brokerage).
So first calculate the Capital gains on selling the property, as you mentioned you are selling it for 1.6Cr, so reduce it by the acquisition cost, etc.
Once you have the Capital gains amount, that is the amount you need to re-invest in another property to save tax on it, in your case the Flat (value more than the CG) can be purchase with the next 2 years and no tax will be payable.
So lets assume out of 1.6 Cr, you have CG of 1Cr, then 1Cr reinvested in another property i.e. for your flat cost of 1.4Cr, you will have no tax payable.
So its not the full value of sale, its only on the Capital gains that you need to worry for paying taxes.
The remaining amount of 60lakhs in above example can be utilized as per your requirement.
Responses
1. & 2. You can use any amount above the capital gains for any purpose you see fit - like parking, registration, loan or any other form of investment.
3. If the sale will conclude in April 2025, and your payment of the capital gains towards new flat will be April 2026, then you need to invest the capital gains amount as per below -
- if you are sure of purchase of flat, then within 6 months of sale date invest the amount in "Capital Gains Account Scheme CGAS)" in authorized banks. Amount will be kept in a special FD for 2 years and you can withdraw anytime to pay for your new property.

Within 6 months from sale of property or before tax filing for FY of sale date, i.e. FY25-26 filing date 31 July 2026, whichever is earlier, you need to make a decision.
If you are not planning to purchase another house property, then reinvest in specific long term capital gain bonds from NHAI, REC, some others, these bonds have lock-in of 5 years
If you decide to purchase another property, deposit CG in CGAS as mentioned above.

Interest earned on these deposits in taxable (under head of Other income).

Thanks & Regards
Janak Patel
Certified Financial Planner.

Ans: The monthly pension payable depends on several factors. Let us evaluate these factors and assess the best approach for your financial security.

Key Factors Affecting Monthly Pension
Fund Value at Present: Rs 12,00,000 after five years.

Remaining Policy Term: Five more years to complete the total term of ten years.

Pension Calculation Basis: The pension amount will depend on how the fund performs in the next five years.

Withdrawal and Annuity Rules: Many insurance-based pension plans require a part of the corpus to be used for annuity purchase.

Investment Growth Possibility: If the fund remains invested for five more years, the value can increase.

Annuity Rate at Maturity: The monthly pension will be based on prevailing annuity rates at the time of vesting.

Potential Pension Payout
If the fund grows well, the pension amount will be higher.

If returns are lower, the pension amount will be less than expected.

Annuity rates fluctuate, affecting the final monthly payout.

Pension depends on life expectancy, as longer periods mean lower monthly payouts.

Evaluating Alternative Options
Investment-Linked Pension Plans: These often provide lower returns than mutual funds.

Mutual Funds for Higher Growth: Actively managed mutual funds have historically delivered better long-term returns.

Surrender and Reinvestment: If surrendering is allowed, reinvesting in mutual funds can be beneficial.

Flexibility of Mutual Funds: Mutual funds provide withdrawal flexibility, unlike annuities.

Taxation Impact on Pension
Annuity payments are taxable as per the income tax slab.

Mutual fund withdrawals are taxed based on capital gains rules.

Tax-free corpus from PPF can be considered for additional retirement income.

Final Insights
Insurance-based pension plans have limitations. Returns are lower than actively managed funds.

Annuity is rigid, whereas mutual funds allow flexible withdrawals.

Assess personal risk appetite before deciding on the final pension approach.

Consult a Certified Financial Planner for a tailored strategy.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: RBI regulations prohibit prepayment penalties on floating rate home loans for individuals.

This applies to both full prepayment and balance transfer to another bank.

AU Bank cannot charge a 4% penalty for balance transfer, as it is a form of prepayment.

You can file a complaint with the RBI Ombudsman if the bank insists on this charge.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Your long-term possession (since 1959), EB connection (since 1999), and village map entry (Mangammal Koil) strengthen your legal standing. You can claim adverse possession under the Limitation Act, 1963, as you’ve occupied the land peacefully for 60+ years. Additionally, if the tomb holds religious or historical significance, it may get protection under Article 25 & 26. File a legal petition to challenge removal. Consult a lawyer immediately.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Yes, converting your Loan Against Property (LAP) back to a Home Loan is possible, but it depends on your bank’s policies. Here’s what you need to consider:

Key Differences Between LAP and Home Loan
Interest Rate: LAP usually has a higher interest rate (10-14%) compared to a home loan (8-9%). Converting to a home loan may reduce your interest burden.

Loan Tenure: Home loans offer longer tenures (up to 30 years), whereas LAP has shorter tenures (up to 15 years).

Tax Benefits: Home loans offer tax benefits under Section 80C and 24(b), but LAP does not.

Purpose: Home loans are meant for property purchase/construction, while LAP is for general financing needs.

Conversion Feasibility
Bank Approval: Karnataka Bank must agree to convert your LAP back to a home loan. Banks usually allow this if the original purpose was home-related.

Property Usage: If the LAP was taken for personal needs (not business), banks may consider converting it.

Documentation: You will need to submit fresh home loan documents, including income proof and property papers.

Alternative Options
Home Loan Balance Transfer: If Karnataka Bank does not allow conversion, transfer your LAP to another bank as a home loan for a lower interest rate.

Prepayment Strategy: If your financial condition has improved, consider prepaying the LAP instead of converting.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment