I own 2 flats in 1 society on same floor , both are 2 bhk and financed through separate home loans. now i want to let out both flats separately and receive rent from those , while i myself rent a bigger house a 4 bhk in same society as i need bigger place for myself and my family. Can i claim home loan interest exemption for both flats as well as HRA exemption ? I do receive HRA as part of my salary and the city name is Ghaziabad.

Ans: Declining Revenue every quarter for the past 3 quarters
Declining profits every quarter for the past 2 quarters
Declining Net Cash Flow : Companies not able to generate net cash
Annual net profit declining for last 2 years

Ans: no bond and no exemption

Ans: Hello,

First and foremost, thank you for getting in touch with us. I am glad to hear that your son is completing his MSc. in Physics from IIT Delhi after which he intends pursuing his PhD from a reputed university or institute in the USA. To answer your question first, I would like to tell you that its an excellent objective to pursue a PhD in the USA on a fully funded scholarship. I would recommend that he takes the following steps into consideration:

Firstly, I would suggest that your son conducts a study on universities in USA that offer outstanding physics programs and instructors who share the same interests in research as him. Next, he should get in touch with possible advisors to convey his interest and agreement with the objectives of the project. As the next step, your son should customise application documents to the particular prerequisites of each university viz., transcripts, GRE test scores, and statement of purpose. He should also secure compelling letters of recommendation from professors who are well acquainted with him. I would also recommend that your son investigates external fellowships/scholarships as well as fully financed PhD programs. He should practice for possible program interviews. Lastly, I would suggest that he remains adaptable and persistent throughout the application procedure.

For more information, you can visit our website.

Ans: Hello

work related burnout is common...it can be emotionally taxing. Suggest you take 2-3 months break from your current job. Speak with your employer and tell them you will re-join and for this 2-3 months they need not pay you. Use these 2-3 months to recharge yourself...spend some time with family, go out to places of your choice, may be pick up some hobby that you have been wanting to.

After 2-3 months I am sure you will feel refreshed and recharged.

All the best.

Ans: Hello Mr.Neeraj

work related burnout is common...it can be emotionally taxing. Suggest you take 2-3 months break from your current job. Spek with your employer and tell them you will re-join and for this 2-3 months they need not pay you. Use these 2-3 months to recharge yourself...spend some time with family, go out to places of your choice, may be pick up some hobby that you have been wanting to.

After 2-3 months I am sure you will feel refreshed and recharged.

All the best.

Ans: Hello Madam

Given you have a domain experience in banking and also having worked in IT sector suggest you apply to software services companies that provide solutions to banks as they would value your experience.

Wishing you very best.

Ans: Hello Madam

Given your experience in teaching profession, may I suggest you apply for jobs to various schools as your experience would be of value to them.

All the best.

Ans: Congratulations on your retirement and taking steps towards financial planning for the future. It's wonderful that you have a clear goal in mind and are actively investing to achieve it.

With your terminal benefit invested mainly in bank FDs with monthly payout, along with a steady monthly pension and rental income, you have a reliable income stream to cover your expenses and support your daughter's education.

Starting SIPs in mutual funds is a smart move to grow your wealth over the long term. Your choice of funds reflects a diversified approach, covering different market segments and investment styles. It's essential to monitor the performance of these funds regularly and make adjustments as needed to stay on track towards your financial goals.

Your goal of reaching a corpus of 2-3 crores in the next 10 years is ambitious but achievable with disciplined saving and investing. Given your current investments and income sources, along with your SIP contributions, it's important to ensure that your investment strategy aligns with your risk tolerance and time horizon.

Consider consulting with a Certified Financial Planner to review your overall financial plan, assess your risk profile, and make any necessary adjustments to optimize your investment strategy. They can provide personalized guidance to help you achieve your financial goals while maintaining financial security and peace of mind.

Continue to stay focused on your goals, and with prudent financial management, you can build a substantial corpus for a comfortable and secure future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: Given your financial situation and aspirations, it's essential to devise a comprehensive retirement plan that addresses your income, expenses, investments, and retirement goals.

Starting with your income, considering your monthly salary of 29,484 after TDS, along with the additional support from your father and interest income from FDs and loans provided, you have a steady income stream.

Your investments, including RD, PPF, SBI pension investment, LIC endowment, and commercial property, provide a diversified portfolio. However, it's crucial to evaluate each investment's performance, risk, and suitability for your retirement goals.

Regarding your expenses, with an estimated monthly expense of 10,000, it's important to factor in inflation and potential lifestyle changes in retirement. Planning for contingencies and unexpected expenses is prudent.

To assess if your current investments are sufficient for retirement, consider your retirement goals, including travel expenses. With a target of 30 lakhs for travel over the next 5-6 years, it's essential to calculate the required investment amount to achieve this goal within the specified timeframe.

Since your salary varies due to the nature of your job, it's advisable to create a buffer or emergency fund to cover any income fluctuations or unforeseen expenses.

Consulting with a Certified Financial Planner can provide personalized insights and recommendations tailored to your financial situation, retirement goals, and risk tolerance. They can help you optimize your investment strategy, identify potential gaps, and create a roadmap for achieving your retirement aspirations.

Remember, retirement planning is a dynamic process that requires periodic review and adjustments. Stay proactive, monitor your investments, and make informed decisions to ensure a secure and fulfilling retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in