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Samkit Maniar | Answer |Ask -Follow

Tax Expert - Answered on May 27, 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 Rajeev on Apr 10, 2024Hindi

Money

I am retired person and working as retainer in a reputed company with more than 5000000 fee and also having capital gain. Which ITR I have to fill .

Ans: ITR 2.

Please take your CAs advice 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.

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MY ANNUAL CTC 25.0 LAKHS MY INVESTMENT AND PPF MORE THAN 2.5LACS WHICH TAX REGIME WHICH IS SUITABLE FOR ME.

Ans: Hi Chittanand

I am assuming that the tax saving investments are fully available for deduction.

With that assumption, your tax saving by opting for the new tax regime would be about Rs. 23,000

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I have salary income, some interest income, dividend and some share transactions. Capital gains only Rs.1000. Which ITR form I should file?

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i am salaried person which regime to be filled in fy 24-25 & how save the tax.

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Question by Sanjeev - Oct 02, 2024Hindi

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Hi Sir, iam 54 years old investor, recently resigned and active in shares trading and investing last 20 years. liquid assets approx. 3.75 cr. Rental income 33k and Gold another 1cr. Immovable property home and vacant shop 2 cr each. wife 51 yr old-home maker. Medical Policy 20 Lacs. household expenses 1.75 lacs inclusive of 45k of SIPs as per table. SCHEMES UNITS SIP VALUE AXIS LONG TERM - D 8247 240000 ADITYA BIRLA SL TAX RELIEF 96 D 759 150000 AXIS BLUE CHIP G 5702 375000 MIRAE ASSET LARGE CAP G 1151 130000 HDFC BALANCE ADVANTAGE D 6905 5000 285000 HDFC MID-CAP OPPORTUNITIES D 5616 5000 335000 ICICI PRU LIFE BLUE CHIP FUND G 6652 5000 750000 PARAG PARIKH LONG TERM G 6087 5000 500000 KOTAK FLEXI CAP FUND GROWTH 1694 145000 SBI BLUE CHIP GROWTH FUND 5814 550000 AXIS MIDCAP FUND DIVIDEND 2165 100000 SBI SMALL CAP REGULAR GROWTH 895 5000 170000 KOTAK EMERGING EQUITY FUND 1306 5000 180000 SBI LARGE AND MIDCAP FUND 261 5000 155000 MOTILAL NIFTY DEFENCE INDEX G 5000 45000 NPS 12000 10000 1700000 45000 5810000 Goals / Requirements : *Need following funds next year - daughter marriage 30 lacs and son education 50 lacs and my retirement corpus plus 15 lacs for car. *mutual fund portfolio re-alignment. Queries : *should i sell commercial shop and invest in FDs / MFs / Shares. Rental value is 50k which is less as compared to invest 2 cr in FDs also will fetch me 1.25 lacs per month. will be able meet next year requirement also without selling my liquid portfolio. *also should i go for SWPs for all inactive MFs upto to the extent of 45k to fund my SIP and NPS from allocation and can also increase the SIPs, if suggested. * should i increase NPS allocation by another 5k for better retirement prospects or any other suggestion related to retirement as to how much more money needed to meet ends.

Ans: Hello;

Query1:

Yes it is better to sell low rent yielding commercial property now, utilise the sell proceeds to fund you goals next year i.e. daughter's marriage, son's education and car purchase while the balance should be invested in mutual funds(equity savings type mutual fund)

Query 2:

Exit all inactive mutual funds and invest corpus(16.9 L) in Mirae Asset equity savings fund (low to moderate risk profile).

You should then start an SWP at 3.6% so as to generate income of 5 K for additional monthly allocation to NPS.

You should do SIP only in following 3 funds:
SBI hybrid equity fund(15 K)
HDFC balanced advantage fund (15 K)
ICICI Pru Multi asset allocation fund (15 K)

The taxation of these funds is like equity funds but they have exposure to alternate asset classes to impart some stability to corpus during extreme market fluctuations which is also suited for your age category.

Liquid assets+ gold+ NPS corpus will add up to approx 6.51 Cr which if annuitized will yield post tax monthly income of 2.15 L.

MF corpus may still grow to build up your inflation war chest.

Health care cover for family needs enhancement upto 50 L minimum as a safe precaution.

Reduce exposure to direct equity as you near retirement. You may continue trading as a hobby with a minimum risk capital with adequate knowhow, setup and temperament.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

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

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My 12 year old son has 2 parallel lines of teeth. One front and the other behind. So far in the behind only 2 teeths are there one in each side. Will this cause any serious issues for him? He has speech problem. Could this be the reason? Does he need to take any immediate corrective procedure?

Ans: Hello
This situation of "2 parallel lines of teeth" arises when permanent teeth erupt BEFORE the deciduous teeth (or milk teeth) have been shed. This indicates a mis-alignment of the permanent teeth. The shedding of milk teeth is dependent on the permanent teeth exerting pressure on them as they grow.
This mis-alignment, indeed, could be the cause of his speech problem.
My advice to you is to consult a competent pediatric dentist or an orthodontist (a dentist who realigns crooked teeth) soon so that corrective measures can be taken.

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Asked by Anonymous - Jun 17, 2025Hindi

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My front teeth is broken I fell down from my bike while dog is chasing me . I went to dentist i got broken teeth cemented . dentist advised me not to chew anything with cemented teeth it's a life time instruction. It is very discomfort to me .Is there any treatment such that I can chew even with repaired tooth

Ans: Hi.,
Sorry to hear about your fall and the resultant damage to your teeth.
Honestly, it's best to follow your dentist's advice, but I understand your problem. Eating can be a challenge.
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Question by Ganesh - Dec 03, 2025Hindi

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Hello Sir/Mam, Currently I'm investing in SIP as per below for the last 3 years, my goal is to achieve 2 crores by the next 10 years. Please suggest me if these MFs are good or any rebalancing is required. I'm planning to increase the SIP by 10% each year. Parag Parikh Flexi Cap - 5K Aditya Birla SF BAF - 2K SBI Large & Midcap - 5K Quant Small Cap - 3K SBI Gold Fund - Growth - 5K Canara Robeco Large cap - 5K Thanks.

Ans: Hello & thanks for writing to me.

Your portfolio is well-allocated across flexicap, large & midcap, small cap, BAF and gold, offering a balanced mix of growth, stability and diversification.

Given your 10-year horizon, keeping a higher allocation towards flexicap and large & midcap funds is appropriate, as these categories help manage volatility while still capturing long-term growth. The small-cap exposure adds additional long-term growth potential, while the Balanced Advantage Fund (BAF) provides stability through its dynamic asset allocation. Your gold allocation further supports diversification and can cushion the portfolio during equity market stress.

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My married ex still texts me for comfort. Because of him, I am unable to move on. He makes me feel guilty by saying he got married out of family pressure. His dad is a cardiac patient and mom is being treated for cancer. He comforts me by saying he will get separated soon and we will get married because he only loves me. We have been in a relationship for 14 years and despite everything we tried, his parents refused to accept me, so he chose to get married to someone who understands our situation. I don't know when he will separate from his wife. She knows about us too but she comes from a traditional family. She also confirmed there is no physical intimacy between them. I trust him, but is it worth losing my youth for him? Honestly, I am worried and very confused.

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I understand how difficult it is to let go of a relationship you have built from scratch, but is it really how you want to continue? It really seems to be going nowhere. His parents are already in bad health and he married someone else for their happiness. Does it seem like he will be able to leave her? So many people’s happiness and lives depend on this one decision. I think it’s about time you and your BF have a clear conversation about the same. If he can’t give a proper timeline, please try to understand his situation. But also make sure he understands yours and maybe rethink this equation. It really isn’t healthy. You deserve a love you can have wholly, and not just in pieces, and in the shadows.

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Hi Anu, My husband doesn't do house chores. We both work full-time, but I still end up cooking, cleaning, and doing laundry. When I ask for help, my partner will say, ‘Just tell me what to do,’ but then he conveniently forgets. Maybe he doesn't like it or he is genuinely forgetful. I have tried many ways to make him explain. Once I only did my share of laundry to make him realise but he simply ignored. Every week this pattern repeats. Is this normal? How can married couples divide responsibilities fairly to avoid fights?

Ans: Dear Anonymous,
Every home has a different routine and share of responsibilities. So, there's no standard norm to challenge it as normal or not!
So, if you want your husband to pitch in, then say it in clear terms, especially since he has told you to tell him what to do.
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Feeling alone in the world and iam not having any close friends everybody is busy with their works and family, help me what to do

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Everybody has a life and so do you; build your life the way that you want...
Start attending weekend events or any social gathering in the city/town that you live in; even a smile or a hi, hello can be start to a good association when you can further discuss and chat on mutual interests and hobbies.
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Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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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.

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