Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

NRI Assessee: Indexation or Non-Indexation?

Samkit Maniar |180 Answers |Ask -Follow

Tax Expert - Answered on Aug 28, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more

Question by Vishal on Aug 27, 2024Hindi

Money

Hi sir can nri assessee take benefit of indexation/non indexation whichever beneficial to him or is it available only to resident assessee

Ans: Firstly, indexation is available only for long term capital asset.

The indexation benefits for "shares and debentures" are not available to NRIs.

Please check with your CA before moving ahead.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

Latest Questions

Ramalingam Kalirajan |8152 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Mar 26, 2025

Asked by Anonymous - Mar 25, 2025Hindi

Hello Sir, I am currently 43 years of age and below are some of my assets. FD - INR 2.56 cr PPF - INR 45 lakh MF - INR 70 lakh PMS - INR 50 lakh Term Life Insurance - INR 2.5 cr Medical insurance (family plan) - INR 10 lakh Gold jewellery + physical gold - approx. INR 1 cr one house - yielding INR 30k per month rent currently investing 1 lakh per month in mf through sip (large, mid and small ap fund) staying in another house with family. Loans - zero monthly expense - INR 45k 2 kids - elder one in class 10th and younger one in class 6th education for both kids expected from school to higher education - INR 3cr marriage for both kids expected - INR 1 cr What age should i plan to retire expecting a life expectancy of 85 years for myself and wife and avg expense to be around INR 1 lakh at future date.

Ans: You have built a strong foundation. Let's assess your retirement feasibility from multiple angles.

Current Financial Position
You have Rs 2.56 crore in fixed deposits.

PPF corpus stands at Rs 45 lakh.

Mutual fund investments are Rs 70 lakh.

PMS investments are Rs 50 lakh.

You own Rs 1 crore worth of gold.

A rental property earns Rs 30,000 per month.

You have a term life cover of Rs 2.5 crore.

Medical insurance is Rs 10 lakh for your family.

Your monthly expense is Rs 45,000.

You invest Rs 1 lakh per month in mutual funds.

Key Future Financial Goals
Children's Education: Rs 3 crore estimated cost.

Children's Marriage: Rs 1 crore estimated cost.

Retirement Corpus: To sustain Rs 1 lakh monthly expense.

Retirement Feasibility Analysis
1. Children's Education and Marriage
The first major financial commitment is education.

Your existing corpus and future savings must ensure Rs 3 crore.

Marriage expenses will require an additional Rs 1 crore.

2. Retirement Corpus Requirement
You expect to retire with Rs 1 lakh monthly expenses.

This expense will increase due to inflation.

A large retirement corpus is needed to sustain for 40+ years.

Can You Retire Now?
Your current investments may not fully support retirement yet.

The education and marriage costs are substantial.

You must balance wealth preservation and growth.

What Age Should You Retire?
A realistic age for retirement could be around 50-55 years.

This allows you to accumulate a stronger corpus.

You can continue investing Rs 1 lakh per month.

A phased withdrawal strategy will be needed post-retirement.

How to Strengthen Your Retirement Plan?
1. Increase Equity Allocation
Your PPF and FD investments are conservative.

Consider reallocating part of your FD to mutual funds.

PMS allocation should also be reviewed for performance.

2. Ensure Inflation Protection
Fixed deposits may not beat inflation long-term.

Equity exposure should remain high for growth.

3. Healthcare Preparedness
Rs 10 lakh medical insurance may be insufficient in the future.

Consider a super top-up plan for additional coverage.

4. Rental Income Optimization
Your rental property provides stable income.

Ensure it remains a profitable asset.

Final Insights
You are on track but need to optimise investments.

A retirement age of 50-55 years is ideal.

Equity exposure must be increased gradually.

Education and marriage costs must be secured first.

Healthcare preparedness is crucial for long-term security.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

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

Dr Nagarajan Jsk |300 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Mar 26, 2025

Question by Vedabrat - Mar 26, 2025Hindi

Career

How to get admission in to India's top pharmacy college for my daughter who is studying in class 12th

Ans: Hi Vedabrat,
Minimum qualifications:
Minimum qualification for admission to –(extracted from Pharmacy council of India.)
A(after HSC). First year B. Pharm – A pass in any of the following examinations - i. Candidate shall have passed 10+2 examination conducted by the respective state/central government authorities recognized as equivalent to 10+2 examination by the Association of Indian Universities (AIU) with English as one of the subjects and Physics, Chemistry, Mathematics/Biology as optional subjects individually. “However, the students possessing 10+2 qualification from non-formal and non-class rooms based schooling such as National Institute of Open Schooling, open school systems of States etc. shall not be eligible for admission to B.Pharm Course.” ii. Any other qualification approved by the Pharmacy Council of India as equivalent to any of the above examinations. Provided that a student should complete the age of 17 years on or before 31st December of the year of admission to the course. Provided that there shall be reservation of seats for the students belonging to the Scheduled Castes, Scheduled Tribes and other Backward Classes in accordance with the instructions issued by the Central Government/State Government/Union Territory Administration as the case may be from time to time. B. B. Pharm lateral entry (to second year/third semester) - A pass in D. Pharm course from an institution approved by the Pharmacy Council of India under section 12 of the Pharmacy Act.

In addition to meeting the basic eligibility requirements, candidates must research their preferred institutes and visit their websites (if the institute is deemed a university or autonomous) to follow the specific admission instructions.

There are two pathways to gain admission to a B.Pharm program:

1. Through Government Guidelines: If candidates prefer not to enroll in deemed universities, they must adhere to government notifications regarding admissions. Admission may be based on an entrance exam or the marks secured by the candidates, depending on the respective state government's regulations. Some state governments conduct entrance exams, while others do not.

2. In Deemed Universities: For those interested in applying to deemed universities, it is essential to visit their websites to follow the admission instructions. Typically, these universities will announce their admission notifications around March or April. Deemed universities may also conduct their own entrance exams. If a candidate achieves high marks, they may secure admission based on merit.

Radheshyam Zanwar |1493 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Mar 26, 2025

Asked by Anonymous - Mar 25, 2025Hindi

Career

What is the safe marks should i score in jee to get a good branch in VSSUT, BURLA?? Home state:- odisha Category:- EWS I scored 58.24 %ile in session 1 in jee 2025

Ans: Hello Dear.
A 90+ percentile is usually a more secure score to aim for if you're looking to get into competitive branches in VSSUT. In the 1st session, your score is too low. Try hard in the 2nd attempt of JEE. Along with JEE, please appear for the level engineering entrance test for a safer side. Those who remain dependent on JEE only have to face more problems if they score less in JEE. Thanks

Follow me if you like the reply.
Radheshyam

Milind Vadjikar |1136 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Mar 25, 2025

Asked by Anonymous - Jan 26, 2025Hindi

Money

Hello sir, I am aged 39 years with job of income 1L per month. Monthly investment of 15k in SIP, including 5k in liquid fund to meet my short term expenses like insurance. I have around 3l invested in SIP. I have 2 houses with him loan of 60 lakhs with emi of 33k. Monthly expenses of around 20k. Credit card expenses of around 10k. I have no savings. I have 2 kids. I am planning to sell 1 house, but still not been successful, since I think I have overinvested. I have no money to meet my short term or urgent expenses. Please advise how can I become stable.

Ans: Hello;

Isn't it possible for you to rent out the second house and use the rental income to boost your investment?

If the rentals are not good enough then it makes sense to sell the second house and utilise funds to close home loans and invest for higher education of kids and retirement.

Getting out of real estate investment is not easy. It may take long time some times.

Try listing on nobroker, magicbricks, 99acres apart from agent channel to get a buyer.

Keep an emergency fund aside worth 6 to 8 month of expense coverage, always.

How about EPF and NPS? You may have some through your employer.

Best wishes;

Milind Vadjikar |1136 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Mar 25, 2025

Question by Namrata - Jan 26, 2025Hindi

Money

Hello! Advait ji, My Mom is 82 and gets family pension. She has 70 lakhs FD maturing in March 25. I would like to invest 10 lakhs in FD as emergency fund. Kindly advice how to invest the remaining 60 lakhs, which is risk free and gives good returns (better than FD) She has the following investment - 1. 10 lakhs in Edelweiss Multicap Fund - Gr 2. 2 lakhs 40 thousand in HDFC Flexicap Fund -Gr 3. 2 lakhs 40 thousand in HDFC Midcap Opportunities Fund 4. 2 lakhs 50 thousand in Invesco India Focused Fund 5. 2 lakhs 50 thousand in LIC MF Infrastructure Fund 6. 2 lakhs 50 thousand in Motilal Oswal Large and Mid-Cap 7. 2 lakhs 40 thousand in Nippon India Large Cap Fund 8. 2 lakhs 40 thousand in Nippon India Multicap Fund 9. 2 lakhs 40 thousand in Nippon India Small Cap Fund 10. 2 lakhs 40 thousand in Quant Small Cap Fund. Total Mutual fund investment of 32 lakhs. Apart from MF she has invested in Bajaj Allianz Life insurance plan, where she will investRs 2 Lakhs per year for 10 years. This is a guaranteed plan. She is comfortable running the house with her pension. However, please suggest shorter duration investments (5 yrs) Regards Namrata

Ans: Hello;

She may opt for any of these investment avenues:

1. Post office time deposit scheme(FDs offered by post office for 1,2,3 & 5 year tenure); Joint holding allowed; Premature withdrawal allowed after 6M. (Current ROI 6.9-7.5%)

2. NSC with a fixed tenure of 5 years; No premature withdrawal allowed. Can be held jointly(Current ROI 7.7%)

3. KVP: Although tenure is 9 yrs and 5 months, you may do premature encashment after 2.5 years; joint holding allowed;(Current ROI 7.5%)

You may approach a reliable postal agent to process these investments to avoid hassle of frequent post visits and associated hardships.

These are backed by GOI so no risk of default.

Hope this meets your requirements.

Best wishes;

Dr Dipankar Dutta |1061 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 25, 2025

Asked by Anonymous - Mar 15, 2025Hindi

Career

I got 89.37 percentile in jee main 2025 My dad is army person I am Delhi girl Any chance of getting a college

Ans: You are asking the same question 2nd time. My answer will be same - Since your dad is in the Army, you might be eligible for seats under the AWES (Army Welfare Education Society) & other defense quotas in various colleges. Your home state is Delhi, which gives you a home quota advantage in DTU, NSUT, and IGDTUW. See previous years' cut off

Dr Dipankar Dutta |1061 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 25, 2025

Asked by Anonymous - Mar 15, 2025Hindi

Career

90.33 percentile in jan attempt ews oc candidate from mp what best colleges can i get

Ans: Congratulations on securing a 90.33 percentile in the January session of JEE Main 2025 under the EWS category from Madhya Pradesh. With this percentile, you have a fair chance of gaining admission to several esteemed institutions. Below is a tailored analysis to guide your college selection:
National Institutes of Technology (NITs)
Based on previous years' trends, candidates with a 90+ percentile in the EWS category have secured seats in the following NITs:

NIT Manipur
NIT Sikkim
NIT Mizoram
NIT Jalandhar
NIT Goa
NIT Hamirpur
NIT Durgapur
NIT Puducherry
NIT Raipur
Note: Admission to specific branches, especially high-demand ones like Computer Science and Engineering (CSE) or Electronics and Communication Engineering (ECE), may be competitive. You might have better prospects in branches such as Mechanical Engineering, Civil Engineering, or Metallurgical Engineering.
2. Indian Institutes of Information Technology (IIITs)
Your percentile also positions you well for admission into several IIITs, including:

IIIT Pune
IIIT Nagpur
IIIT Lucknow
IIIT Vadodara
These institutes offer quality education in information technology and related fields.
See previous years' cut off

Dr Dipankar Dutta |1061 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 25, 2025

Question by Ayush - Mar 23, 2025Hindi

Career

I am a first year student at MIT Manipal,currently pursuing Electrical and Electronics engineering(EEE),and I am have been given a choice to apply for branch change in my institute either to CSE,Mathematics and Computing(MnC) or ECE in my second year. I did not study Computer Science in 11th and 12th, and I coding in C for the first time as part of my 1st year syllabus.I am not very much interested to coding,but I am learning it since it is there in the course syllabus. My parents suggest switching to CSE, but they are not engineers and do not have insights into the current job market. Since my batch will be passing out in 2028, I want to understand the job scenario for CSE, MnC, ECE, and EEE graduates by then. Among these,which branch provides better opportunities for core engineering jobs with good or decent salary and stability? I have heard that many ECE graduates end up in IT jobs due to lack of core industries-is that true?Would ECE be a better alternative to CSE for core jobs or is it better to stay in EEE? Also between CSE, ECE, and EEE, which has less competition in the job market while still offering good career prospects? Additionally, I want to know which branch is broader, with ample opportunities in both the government and private sectors, especially for core jobs with good pay and stability. base on futuret rends, would it be a wise decision to change my branch, or should I continue with EEE?

Ans: Happy to see that you have asked very logical questions. I can say that, since you are already in Electrical and Electronics Engineering (EEE) at MIT Manipal and have the opportunity to change to CSE, Mathematics and Computing (MnC), or ECE, your decision should be based on:

Your Interests (Core Engineering vs Coding)
Job Market Trends for 2028 and Beyond
Competition & Industry Demand

Future Job Market (2028 & Beyond) for Each Branch
Branch Core Job Scope IT/Software Jobs Govt Jobs Competition Salary Stability
CSE Low (Software Focused) High Limited Very High High but Unstable
MnC Medium (AI/ML, Finance) High Limited High High but Research-Oriented
ECE Medium (VLSI, Chip Design, Telecom, IoT) High Moderate (ISRO, DRDO, PSU) High Medium-High
EEE High (Power, EVs, Automation, Energy, PSU) Moderate High (Railways, NTPC, BHEL, Govt) Low-Medium High & Stable

Should You Switch to CSE, MnC, or ECE?
If You Want Core Engineering Jobs with Stability
Best Option: Stay in EEE

If You Want a Balance Between Core & Software Jobs
Best Option: ECE

If You Want a High-Paying Private Sector Career (But Not Core Engineering)
Best Option: MnC or CSE

Hope this will help you in decision making.

Milind Vadjikar |1136 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Mar 25, 2025

Question by The - Jan 26, 2025Hindi

Money

I have a corpus that I have saved of about 50 lakhs. I am looking at 2 options to invest 1. Buy a property in Dubai with a loan where this 50lakhs will be a down payment while the balance will be with a bank loan. I will by a ready possession flat which I will rent out and pay the emi of the loan from the rent ( I have my brother based in Dubai who will help me with this) 2. I invest this 50lakhs in a PMS with the Anandrathis, Enams etc here in India Could you suggest which is the better option here?

Ans: Hello;

What is your age right now?

Please clarify.

Thanks;

Milind Vadjikar |1136 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Mar 25, 2025

Question by Bhuvanshree - Jan 26, 2025Hindi

hi i am 37 and struggling to save money i have home loan worth 20 lac and munthly income 1.2 lac with monthly expense of 70k ?

Ans: Hello;

How much is the EMI amount and balance tenure of the home loan?

Also please confirm that monthly expense mentioned above includes EMI.

This will help us to guide you suitably.

Thanks;

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x