Sir, I have Jeevan Anand Policy of LIC that is matured in Oct'23 and I have received Maturity Amount of Rs. 2.12 L. Is it taxable income and required to show in my ITR. Please reply

Ans: Hi,
As per the press release dated 20 Sept 2023 of the Indian Ministry of Health and Family Welfare, India’s National Medical Commission has received ‘recognition’ status from the World Federation for Medical Education (WFME) for 10 years. This means that all 706 of India’s existing medical colleges are now WFME-accredited, enabling graduates to practice medicine in several foreign countries, including the United States, Canada, Australia and New Zealand.

https://pib.gov.in/PressReleasePage.aspx?PRID=1959140

Ans: I have gone through your query and understand that you are at the Cross roads of Life.

It's at these times... When the going gets tough... The tough gets gong.
That's your strength.. A tough resilient young lady!
Kindly note you are doing an excellent job hence rewarded with better pay in your organization.. Obviously there's going to be jealousy..Be calm & Handle it with maturity.

Now I understand you are very committed selfless person. Who's contributing a lot to your family,... Wow in fact helping build your own new horse. !

In regards to your contractual job, talk to your employer, let them know, that you would have to look for another job post December 2024 if there's no clear further commitment.

In regard to your marriage at 27 you aren't too old to find a like minded partner don't rush and regret, start the process through matrimonial apps.

I see you talk about your health, especially blood pressure, well that's because you are unduly stressed.
Add tender coconut water to your diet, talk to a proper Ayurvedic doctor..!

I am sure you will get over this mid life syndrome and invite us all for your happy day!

Ans: Hello Radhika,
this eligibility matter is still pending in court and the result is uncertain. There are other boards available that will make you eligible for NEET. You can contact me in person for details.

Ans: Hello Surander
Foreign-trained doctors would need an employment offer with a hospital or healthcare institution in Singapore before applying for accreditation to SAB. SAB will only accredit a doctor for specialist practice based on the approved list of specialities and sub-specialities.
So the steps would be:
Secure a job with one of the many healthcare institutions in Singapore;
Register with the Singapore Medical Council (SMC); and.
You must get Accredited by the Specialists Accreditation Board (SAB) before registration if you are practising as a specialist.

Ans: Hi,
you don't need to panic.
just follow the instructions.

The candidates are instructed to follow the following dress code while appearing for NEET
(UG) - 2024:
a. Heavy clothes and/or long sleeves are not permitted. However, in case, candidates come in
cultural/ customary dress at the Examination Centre, they should report at least an hour
before the last reporting time i.e. 12.30 pm so that there is enough time for proper frisking
without any inconvenience to the candidate while maintaining the sanctity of the
examination.
b. Slippers, and sandals with low heels are permitted. Shoes are not permitted.

Ans: Hi,
Pursuing M.Sc from any NIT is a good option.

Ans: Hi,
If you really want to be a doctor and have prepared well, it will be worth it.

Ans: That's a significant amount to invest, and it's great that you're considering your options carefully. Since you're looking to invest in India, Mutual Funds (MFs) can offer a diversified and potentially rewarding investment avenue. Here's a suggestion for both short-term and long-term investment:

Short-term Investment:
Consider investing a portion of your funds in Liquid Mutual Funds. These funds invest in short-term debt instruments with a maturity period of up to 91 days, providing liquidity and stability. They are ideal for parking funds temporarily while you decide on your long-term investment strategy. The repatriable nature of these funds allows you to easily convert your investment back to USD whenever needed.
Long-term Investment:
For long-term wealth accumulation, you can explore Equity Mutual Funds. These funds invest in a diversified portfolio of stocks, offering the potential for higher returns over the long term. Since you have a longer investment horizon, you can consider a mix of large-cap, mid-cap, and flexi-cap funds to spread risk and optimize returns. Equity Mutual Funds have the potential to outperform other asset classes over extended periods.
It's essential to assess your risk tolerance, investment goals, and time horizon before making investment decisions. Additionally, ensure that the investments you choose offer the repatriable feature, allowing you to repatriate the funds back to your foreign account if needed. Consulting with a Certified Financial Planner can provide personalized guidance tailored to your financial objectives and help you make informed investment choices.

Ans: Mutual funds do not offer interest rates like traditional fixed deposits. Instead, mutual funds generate returns through capital appreciation and/or income distribution. Here's how mutual funds can potentially provide higher returns:

Capital Appreciation: Mutual funds invest in a diversified portfolio of securities such as stocks, bonds, and other financial instruments. When the value of these underlying assets increases over time, the mutual fund's net asset value (NAV) also rises, leading to capital appreciation for investors.
Dividend Income: Some mutual funds, particularly equity funds, may distribute dividends to investors from the profits earned by the underlying investments. Similarly, debt funds may generate income through interest payments received from the bonds or fixed-income securities held in the portfolio.
Compounding: Mutual funds offer the benefit of compounding, where returns earned on investments are reinvested to generate additional returns over time. Compounding can significantly boost the growth of investments, especially over long investment horizons.
Professional Management: Mutual funds are managed by experienced fund managers who make investment decisions based on thorough research and analysis. Their expertise and active management can potentially generate higher returns compared to individual investors managing their portfolios.
Diversification: Mutual funds pool investments from multiple investors and diversify across various asset classes, sectors, and securities. Diversification helps spread risk and reduce the impact of volatility on investment returns, potentially enhancing overall returns.
It's important to note that mutual fund returns are subject to market risks, and there are no guarantees of returns or capital protection. Investors should carefully consider their investment objectives, risk tolerance, and investment horizon before investing in mutual funds. Consulting with a Certified Financial Planner can provide personalized advice and help investors make informed decisions aligned with their financial goals.