Hello Anu, I have 5 year boy who started talking very late around 4 years age, He is now in nursery class learning alphabets and numbers but he developed skill of solving double/triple digit numbers addition and multiplication by his own and his teacher are also confused how he is able to solve addition and small multiplication by himself without counting only thinking and answering in seconds. He is also physically not strong like 5 year boy. Kindly help regarding his behavior.

Ans: Hello;

Nowadays in IPO application if you apply for more shares then the money in your linked account then the application will not go through in the firstplace.

If you get share allotment then the money blocked through ASBA is debited to your account towards subscription to IPO.

Please clarify if their is any other concern or query in this regard.

Best wishes;

Ans: If purchaser is Resident Individual, no need to deduct TDS, since the sale amount is less for TDS application.
Most welcome for any further clarifications. Thanks.

Ans: 01. Under present provisions of Income Tax Act, you may opt any of the options (in case of Long Term Capital Gains), as under :
02. (01). Tax Rate 12.50% without indexation or
03. (02). Tax Rate of 20% with Indexation.
04. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
05. You may save LTCG by Investing in a new Residential House or Construct a new house, with in specified time limit OR may purchase Capital Gain Bonds.
06. Broadly looking at your calculations, if you choose the option of LTCG with Indexation, there may not be any gain & hence no LTCG tax.
07. Most welcome for any further clarifications. Thanks.

Ans: If you take the combined oral contraceptive pill, you can skip the hormone-free week and take two packs in a row.
If you take a progestin-only birth control pill, you can take it continuously to delay or prevent your period.
If you use the birth control patch or ring, you can start the next patch or ring immediately instead of taking a break.

Ans: Hello;

You may do it through your current employer by providing all requisite documents.

Please talk to your HR Deptt for completing formalities in this regard.

Best wishes;

Ans: Hello;

Please seek clarity from your HR Deptt on this matter preferably in writing.

If the answer is not satisfactory you may complain to EPFO.

Best wishes;

Ans: Hello;

Please seek clarity from your HR Deptt on this matter preferably in writing.

If the answer is not satisfactory you may complain to EPFO.

Best wishes;

Ans: Hello;

The proceeds of land sale should be received in your Mother's account first.

She may fulfill any LTCG tax liability arising out of this transaction.

The balance amount she may gift you and you will not have to pay any tax on it since you are blood relatives.

Do seek concurrence with a CA to ascertain the LTCG liability and measures to save it, if any. Also the modality of gift(gift deed) to offspring. NOC from other legal heirs etc.

Best wishes;

Ans: Your financial decision-making is on the right track. Your focus should be on building a strong investment portfolio and ensuring adequate insurance coverage.

Assessment of Existing ULIP and Insurance Policies
Kotak Smart Advantage ULIP: You have been paying Rs. 40,000 annually for 15 years.
Low Sum Assured: Rs. 2 lakh is not enough for financial security.
Other Policies: Small funds and insurance in ICICI, Birla, and Bajaj.
Business Income: You need a solid financial backup.
Family Responsibility: Three dependents, including two sons.
Why You Should Exit ULIPs and Endowment Policies
High Charges: ULIPs and traditional plans have high fees.
Low Returns: They provide suboptimal growth.
Better Alternatives Exist: Mutual funds offer superior long-term returns.
Inadequate Coverage: Insurance policies should not be for investment.
Liquidity Issues: ULIPs and endowment plans restrict withdrawals.
Recommended Actions
1. Exit and Reallocate
Surrender ULIPs and Traditional Policies: Redeem all insurance-cum-investment plans.
Move to Mutual Funds: Invest in actively managed funds for better growth.
Use a Phased Approach: Exit in a tax-efficient manner.
2. Get Proper Life Insurance
Buy a Term Plan: Choose coverage of at least Rs. 2 crore.
Low Premium, High Cover: Term plans are cost-effective.
Secure Family's Future: Ensure financial safety for dependents.
3. Build a Strong Investment Portfolio
Diversify into Equity and Debt: Ensure a balanced approach.
Systematic Investment Plan (SIP): Regular investing builds long-term wealth.
Keep Some Emergency Funds: Maintain liquidity for business and personal needs.
4. Tax Efficiency
Mutual Fund Capital Gains: Plan withdrawals wisely.
Use Tax-Saving Options: Consider efficient investment structures.
Finally
Exit Low-Yield Plans: Move towards high-growth investments.
Ensure Proper Insurance: A term plan is a must.
Invest for Growth: Mutual funds will help you build wealth.
Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

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