Respected Sir, I need your valuable suggestion for the following fact: 1. I am a retired Public Sector employee and receive pension of 22,000 rupees per month. 2. This is not enough to meet my requirements. 3. My son wants to gift me a sum of 50 lakhs as a corpus and I will draw the interest monthly. 4. What is the ideal procedure for transferring this amount

Ans: You are not supposed to have two UANs. If you have you should merge them. You can link previous EPF account with the current UAN through online process as elucidated on EPFO website.

It is recommended to withdraw the EPF corpus on retirement and invest the lumpsum elsewhere for periodic income.

Ans: Take eps scheme certificates from your previous employer and submit it to epfo thru your current employer.

Always take eps scheme certificate from the employer whose services you have quit and furnish it to the new employer so that EPS contribution is intact and keeps growing through current employer contribution.

Ans: Any Income form the MFs is taxable. This income may be in the form of Dividend payouts or Dividend Reinvested, in the same fund. This income is taxable, even if you don't sell the same or get its redemption.
When you sell MFs in full or in part you would be liable to Capital Gains Tax.
You must disclose all the facts in your ITR, wherever required.
Most welcome for any further clarification. Thanks.

Ans: Even if you start a monthly sip of 5 K with 10% top-up each year it will grow into a corpus of 67 L in 17 years. (Modest return of 13% considered for investment in pure equity funds).

The EPF corpus you may use for children's education.

Feel free to revert in case of any query.

Happy Investing!!

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Ans: 01. If you continue to be in Job, deduction for PF account will continue, but if you leave the job or get retired, your contribution to PF account would discontinue.
Main point is 10 years of service & not your contribution for 10 years to PF account for Pension benefits.
You may either continue in the present job or join some other & complete 10 years to be eligible for pension benefits, under the scheme.
Most welcome for any further clarification. Thanks.

Ans: 01. If you have invested complete LTCG in purchase of a Flat, with in 2 years from sale of Gold, you are entitled to exemption u/s 54F of Income Tax Act.
Most welcome for any further clarification. Thanks.

Ans: Hello;

If 50 L is equal to 10X your annual income and you have made investments to fund your daughter's education and your retirement then no need to top up.

Hope you don't have any ongoing loan liability.

Weigh these factors and seek help from an insurance advisor/financial planner if needed.

Ans: I can sense your passion for your website, and understand the frustration you must be feeling. It's clear that you've invested a lot of time, effort, and money into building something you believe in, but the returns aren't coming as expected.

This can be disheartening especially when the financial aspects weigh you down. Let's break it down and see how can you turn things around by not increasing much of your budget.

First clear this question for yourself, Who are you building this website for? You may have created what you feel is an amazing platform, but is it truly aligned with what your target audience wants? Sometimes, we get so involved in the project that we lose sight of what the users are looking for.

I suggest researching what your potential audience needs and altering your content or services accordingly. If your website isn’t hitting the mark for your audience, even the best design and investment won’t bring in traffic or sponsors.

And currently, your priority should be driving traffic. Without readers or visitors, sponsorships and ads won’t come. Start by creating valuable, shareable content that addresses real problems or interests.

Utilize social media to promote your content. Engage with communities that are interested in the niche you’re catering to. Join forums, groups, and discussions where your target audience hangs out. Organic traffic takes time, but it's the foundation for sustainable growth.

If you’re considering ads, start small. You don’t need to spend much in the beginning. Platforms like Google Ads or social media ads allow you to target specific audiences and gauge interest without spending a lot.

Search Engine Optimization (SEO) will help you a lot if done correctly. By optimizing your site with relevant keywords, ensuring it’s mobile-friendly, and improving loading speeds, you’ll increase your chances of being discovered organically.

Consider forming partnerships. Collaborating with other sites or influencers in your niche can expand your reach. Even a guest post on a more established platform could bring attention to your website.

If advertisers aren’t interested yet, explore other ways to earn. Affiliate marketing, premium content, or offering services can bring in income while your traffic builds.

It will surely take time but being consistent and patient is the only way. Lastly, if you feel like you’ve tried everything, don’t be afraid to pivot. Sometimes, a small tweak or a shift in focus can lead to breakthroughs.

Ans: Yes for long term(5 years+)!!