I have booked a residential flat with a developer who shall be developing a scheme comprising of 6 flats, 3 of which shall be retained by the land owners and 3 shall be sold by the developer to buyers like me. The developer has entered into an agreement for redevelopment with the land owners and he shall be receiving sale price of the flat from 3 persons purchasing the flats, I am one of them as stated earlier. The redevelopment agreement between the land owner and the developer is only for constructing the structure. The Sale-Deed shall be executed between the Vendor -that is the original land owners and the Purchasers like me. The developer shall be the Confirming Party, confirming the receipt of the entier payment, against the purchase of the flat, delivery of possession to the purchasers like me. Therefore the sale deed shall be between the purchaser and the land owners. The developer has rendered the services to be taxed under the GST Act to the land owners. The Land owners may recover the GST paid/charged/recovered by the developer, from the 3 purchasers. My queries are: 1. What is the rate at which on the services of development/construction rendered on the piece of land are taxable under the GST Act? 2. If I presume, it is at 5%, in that case am I not required to pay 1/6th of the GST paid by the land lord and nothing more than this? 3. Can developer demand the GST on the entire cost of the flat including the cost of the undivided share of land falling to my share? The land, under the Sale-Deed is sold/transferred by the Land lord and not by the developer, under what authority he can demand 5% GST on the cost of the land? 4. Are we not buying a ready to move or a ready made flat although we have to pay on the basis of the stage wise completion of the building structure and therefore only 1% GST? Please guide.

Ans: At this stage, your question is completely irrelevant. In the era of AI, you can get the required information in just a few seconds. I would like to suggest to you to focus solely on the syllabus and try to score as much as possible. Keep the target of 99+ %ile. With the required score, the doors of top colleges automatically open for you. Please contact us again with your valid score either in JEE or your state-level engineering entrance examination.

Good luck.
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Radheshyam

Ans: Hi,

Congratulations on your retirement. The mentioned amount (invested correctly) is more than sufficient to fund you forever with your mentioned expenses.
Total corpus - 2 crores. It will be parked in a mix of funds with different risks using bucket strategy to meet your expenses and marriage goal. You can get inflation adjusted amount monthly forever.
But do connect with an advisor to follow the right approach of investment. An advisor will design the required bucket and help you throughout your journey.

Avoid falling in trap of ULIPs or LICs or any policy that comes with a lock-in period.

Do connect with a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Your situation shows responsibility and awareness. At age 36, earning Rs.60,000 per month, maintaining savings of Rs.18.5 lakhs, and already investing through SIP shows good financial discipline. Also, your concern about job stability and your child’s health shows that you are thinking about your family’s long-term security. With a few structured steps, you can strengthen your financial safety and future stability.

» Your Current Financial Position

– Monthly in-hand income: around Rs.60,000
– Rent: Rs.10,000
– Household expenses: Rs.12,000
– SIP investment: Rs.10,000
– Savings in bank: Rs.18.5 lakhs

This means you are living within your income and also saving regularly. That is a very positive starting point.

However, because there are layoffs in the IT sector and you also have family responsibilities, the focus should be on safety, stability, and long-term growth.

» Build a Strong Emergency Fund First

Job uncertainty and your child’s health condition make an emergency reserve very important.

– Keep around 9 to 12 months of expenses as emergency fund
– Your monthly expenses are roughly Rs.22,000 to Rs.25,000
– So maintaining around Rs.3 to 4 lakhs as emergency reserve is sensible

This money should stay in safe and liquid options so that you can access it immediately during job loss or medical needs.

Do not invest this emergency money in risky assets.

» Health Protection for Your Family

Since your child already has health concerns, health insurance becomes very important.

– Take a good family health insurance plan that covers you, your spouse, and your child
– Choose a policy with adequate coverage because medical costs in cities like Bangalore are high
– If your company provides health insurance, do not depend only on that because it stops when you leave the job

Medical protection protects your savings from getting wiped out.

» Use Your Rs.18.5 Lakhs Carefully

You do not need to invest the full amount immediately.

A balanced approach works better.

– Keep around Rs.3 to 4 lakhs as emergency fund
– Keep some amount in safe instruments for short-term needs
– Gradually deploy the remaining money into diversified mutual funds through a systematic transfer approach

This helps you avoid investing a large amount at the wrong market timing.

» Continue and Slowly Increase SIP Investments

You are already investing Rs.10,000 per month in SIP. That is a very good habit.

Over time, you can improve it.

– Increase SIP whenever salary increases
– Focus on diversified equity mutual funds for long-term wealth creation
– Keep your investment horizon at least 10 to 15 years

Equity mutual funds help beat inflation and build long-term wealth for goals like your child’s education.

Actively managed funds are helpful because professional fund managers analyse companies, manage risks, and adjust portfolios based on market conditions. This active management helps investors during uncertain markets.

» Create Separate Goals for Your Child

Your child is only 3 years old. This gives you a long time horizon.

You can create separate investments for:

– Child education
– Child health security
– Long-term family wealth

Starting early helps you accumulate wealth gradually without putting pressure on your monthly budget.

» Improve Career Security

Financial planning is not only about investments. Income stability is equally important.

– Upgrade your skills within the IT industry
– Maintain a secondary emergency skill or certification
– Build professional connections in your industry

This increases your chances of faster recovery even if layoffs happen.

» Avoid Risky Decisions Now

Because your income is moderate and job stability is uncertain, avoid:

– High-risk stock trading
– Investing entire savings in one asset class
– Sudden large investments without planning
– Borrowing money to invest

Your focus should be stability and disciplined growth.

» Work With a Structured Financial Plan

A proper financial plan helps align:

– emergency planning
– insurance protection
– goal-based investments
– tax planning
– retirement planning

A Certified Financial Planner can help structure these elements together so that every rupee you save works toward your long-term financial security.

» Finally

You are already on the right track. Many people at age 36 do not have Rs.18.5 lakhs in savings or a disciplined SIP habit. Your awareness about risk, family needs, and future planning is a strong foundation.

With a balanced approach of emergency protection, proper insurance, disciplined mutual fund investing, and career stability, you can build a safe and strong financial future for your family and your child.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

https://www.linkedin.com/in/ramalingamcfp/

Ans: Srikanth Sir,

Thank you for your query. Here are my recommendations for your son's JEE preparation: (1) He can start early from Class 9 if coaching fees are affordable until Class 12 (2) If not feasible, he can join affordable online JEE classes until Class 10, then switch to regular coaching (integrated/weekday/weekend) for Classes 11-12 (3) Please make sure that he minimizes travel time to the extent possible by choosing nearby coaching centers (4) Even if continuing ICSE until Class 10, son must ensure thorough NCERT coverage from Class 9 onwards (5) Consider switching to CBSE by Class 11, as most engineering entrance exams align with CBSE-NCERT syllabus (6) I've shared detailed a lot of JEE strategies on RediffGURU platform and also on my YouTube channel (@EduJob360) – please review when convenient. I hope this addresses all your concerns. Best wishes for your son's preparation!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Ans: Preference order: (1) VIT @ Vellore (2) MIT @ Manipal (3) KIIT (4) Sikkim Manipal. However, it is advisable to talk with students studying at the respective campuses. Choose the one closer to your hometown to reduce recurring expenses.

Good luck.
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Radheshyam

Ans: Hi
Yes, you are eligible.
For IAT 2026, candidates can apply if they: Passed Class 12 in 2024 or 2025, or Are appearing in 2026.
Year of passing Class XII:
Select 2024

Qualifying exam marks:
Enter the marks from your 2024 PCB marksheet

Mathematics status:
You can mention Mathematics not studied in original Class XII if the form asks subject-wise marks.
About the 2026 isolated Maths exam: It is not required during registration.
If you later receive the marksheet, you can upload it during document verification or counselling.
Even if a candidate’s result is pending, they are allowed to apply and submit documents later.

For the BSc (Research) program at the Indian Institute of Science, the eligibility requires:
Class 12 with Physics, Chemistry, and Mathematics as main subjects.
Therefore: If you only have PCB (no maths in 12th)
You cannot get IISc admission through IAT.

Ans: Hello
Try getting more percentile in 2nd session and MHTCET to improve your chances. I just wanted to know if you are talking about MIT-WPU?

Ans: Hello Subikram
The best are IITs. Then ICT Mumbai is one of the oldest and best for Chemical. Then comes NITs, BITS, VIT, Manipal etc.
Pros: Wide industry scope like oil, pharma, food, energy etc.
High demand in core industries: Refineries, petrochemicals, and pharmaceutical companies.

Cons:
Core jobs can be location-specific. Many chemical plants are located in industrial zones (not big cities).
Fewer core jobs compared to CS/IT. Core chemical roles are limited compared to IT placements.
In some jobs you may work in: factories, refineries, chemical plants
Higher studies or specialization often improves career growth.

But in future scope is there. Green energy. Hydrogen fuel technology. Battery technology. Environmental engineering.

Ans: I understand that plot was purchased in 5000 per sq. and now you are selling it for 27068 per sq.

You need to invest entire 36 lakhs in new house property. If you are planning to construct new house, you need to invest entire gain amount in new property within 3 years (in case of purchase, you can buy in 2 years).

Amount to invest should be without indexation and unutilised amount should be kept in capital gain scheme account with bank before due date of filing ITR.

You should not have more than 1 house on the date of sale of plot.