I am 73 years old and having Piles problem for last 15/20 years. As there is no bleeding and I have to push back the Hemorrhoids after toilet. Is it advisable now to undergo operation

Ans: Hello;

You may submit eps transfer request alongwith form 10 C to the EPFO office where your pf accounts are held.

You may route this EPS transfer request through HR Deptt. of your organization.

Best wishes;

Ans: Hello;

Having 12 funds(9 sip+3 lumpsum) in portfolio is not required.

You need to just 4 funds for your sip of 30 K(divided equally):
1. Flexicap fund
2. Large and midcap fund
3. Balanced advantage fund
4. Multi asset allocation fund

You may consider exiting the sectoral, thematic and debt fund owned by you and redeploy it in your regular funds.

This ensures equity(large cap oriented)is predominant asset class in your portfolio but it also has exposure to debt and gold for balance and risk mitigation.

Also keep a target to step up sip amount every year by 7-10% atleast.

This will go towards higher education provision for your kids. (~1.85 Cr in 15 years considering 7% annual top-up and 10% modest returns)

For your retirement planning you may consider NPS and start with a decent amount(~30 K pm) as regular investment since time is on your side(27 years to hit 60 age).[3.45 Cr in 27 years without any step up consideration. 8% returns assumed].

Consider buying home loan insurance and super top-up health cover.

Happy Investing;
X: @mars_invest

Ans: Dear Sir,
The cost of acquisition of shares purchased before 31 Jan 2018 and sold there after shall be as follows

COA of such investments shall be deemed to be the higher of:

The actual COA of such investments; and
The lower of-
Fair Market Value (‘FMV’) of such investments as on 31 Jan 2018; and
the Full Value of Consideration received or accruing as a result of the transfer of the capital asset i.e. the Sale Price
Further, the FMV would be the highest price quoted on the recognised stock exchange on 31 January 2018.

Though there has been split up of shares, that does not change the COA since the COA will be distributed over all the shares of respective company and Total amount of COA shall be arrived as per the method given above.

Ans: UFM will NOT be mentioned on your degree but may be in internal records.
One subject fail (with reappear) won’t ruin your career if you recover well.
Placements & future jobs depend more on skills, CGPA, and experience rather than one failed subject.

Ans: You are NOT eligible for the Karnataka state quota.

Ans: Your daughter, being a PCB student (without Mathematics in 10+2), generally cannot pursue a regular B.Tech course since most engineering colleges require Physics, Chemistry, and Mathematics (PCM) as mandatory subjects for eligibility. She will not get good stream in good college with 79.2 percentile.

Ans: Considering standard deduction of 75k, interest on self occupied home of 2 lacs, 80C deduction of 1.5 lacs, 80D of 50k, 25k NPS contribution by employer and employee each; taxable income will reduce to 13 lacs in old regime and under new tax regime it will be reduced to 17 lacs. Accordingly, tax liability as per proposed amendment for FY 25-26 will be Rs.145600 under new and Rs.210600 under old scheme

Ans: There is no tax liability if taxable salary is 12 lacs, however, as soon as salary crosses 12 lacs; benefit of tax rebate will not be available and tax calculation is required to be done from the salary of 4 lacs. Thus, slab rate is provided.

Ans: you need to consult expert lawyer for same