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Buying Land: Personal Loan or Loan Against Mutual Fund?

Ramalingam

Ramalingam Kalirajan  |7837 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 09, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Dec 08, 2024Hindi
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Hi Sir, I’m planning to buy land worth ?14L. Should I opt for a personal loan or Loan against Mutual Fund? I currently have ?25L in debt, ?15L in mutual fund equity, a monthly take-home salary of ?1.65L, and no other loans.

Ans: Your financial profile shows good stability. With a monthly take-home of Rs 1.65L, you can manage debt comfortably. However, your existing Rs 25L debt is significant and needs strategic handling.

Owning mutual funds worth Rs 15L provides flexibility. These funds can be useful for a secured loan. Your Rs 14L land purchase must align with your long-term goals.

Option 1: Personal Loan Assessment
Personal loans are unsecured and processed quickly. However, they have higher interest rates compared to secured loans.

Repayment tenure is flexible but usually shorter. This results in higher EMIs.

Interest costs for personal loans are not tax-deductible. Hence, they don’t provide any tax benefits.

Taking a personal loan increases your overall debt burden further. Assess carefully if this aligns with your income stability.

Option 2: Loan Against Mutual Funds
This is a secured loan where your mutual funds are pledged. Interest rates are lower compared to personal loans.

You can continue earning returns on your mutual funds while they are pledged. This way, the capital remains invested.

Repayment flexibility is an advantage. Borrow only the amount you need, reducing unnecessary interest costs.

The processing is fast, but there could be a margin requirement. This depends on the lender's terms.

Evaluating Between Both Options
Key Advantages of Loan Against Mutual Funds:

Lower interest rates than personal loans.

Allows mutual fund investment continuity.

Flexible repayment options for better cash flow.

Key Limitations of Personal Loans:

Higher interest rates can strain your cash flow.

Shorter repayment period increases EMI amounts.

No parallel financial benefit during the repayment period.

Tax Implications and Loan Choice
If you redeem equity mutual funds, gains above Rs 1.25L are taxed at 12.5%. Short-term capital gains are taxed at 20%.

Loan against mutual funds avoids these taxes. Personal loans, however, won’t trigger tax liabilities.

This makes loans against mutual funds more tax-efficient for your situation.

Cash Flow and Debt Management Insights
Your Rs 25L existing debt is already sizeable. Adding Rs 14L debt increases your financial commitments.

Evaluate your monthly cash flow after loan EMIs. Ensure you have sufficient funds for other expenses.

Avoid over-leveraging to prevent financial stress. This is especially important in volatile economic times.

General Advice on Real Estate
Purchase land only if it supports your lifestyle or goals. Avoid considering real estate as an investment.

Real estate involves liquidity and market value challenges. It lacks the diversification and flexibility mutual funds offer.

Role of a Certified Financial Planner
Engage a Certified Financial Planner to align this decision with your financial goals. They provide personalised advice tailored to your needs.

A planner can help you optimise your mutual funds. They also ensure your debt is manageable within your financial capacity.

Action Steps for Better Financial Decisions
Use your mutual fund portfolio for a secured loan instead of a personal loan.

Plan repayments based on your cash flow and lifestyle requirements.

Avoid redeeming mutual funds unnecessarily to minimise tax liabilities.

Focus on a diversified investment strategy to enhance financial growth.

Finally
Your Rs 14L land purchase is achievable with proper planning. Opting for a loan against mutual funds is more cost-efficient and strategic. It reduces financial strain and aligns with your investment objectives.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ramalingam Kalirajan  |7837 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 16, 2024

Asked by Anonymous - May 15, 2024Hindi
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Money
Hello I am pretty confused with what choice is correct. I am 23 yrs old and want to invest all my salary left at month end in mutual funds ( ICICI prudential, s&p500 ..) and want to grow my wealth in long run( 8-10 yrs). But my family has a house loan where monthly interest rate is around 18k ( loan ~35L). So what should I do whether to stop putting money in mutual funds and just clear the loan with salary left behind or do a split of 50-50 for mutual fund and house loan?
Ans: As a 23-year-old with a keen interest in building long-term wealth through mutual fund investments, it's essential to navigate your financial decisions with prudence and foresight, especially considering the existing house loan obligation. Let's explore the optimal approach to balancing your investment aspirations with the responsibility of loan repayment.

Understanding Your Financial Landscape
Your desire to invest in mutual funds, particularly in vehicles like ICICI Prudential and S&P 500, reflects a strategic intent to harness the potential of equity markets for long-term wealth accumulation. However, the presence of a substantial house loan, with a monthly interest commitment of ?18,000, necessitates a careful evaluation of your financial priorities.

Assessing the Impact of Loan Repayment on Financial Goals
Servicing the house loan entails a significant financial commitment, potentially impacting your disposable income available for mutual fund investments. It's crucial to weigh the opportunity cost of allocating funds towards loan repayment against the potential returns from equity investments over the long run.

Evaluating the Options: Mutual Fund Investments vs. Loan Repayment
Prioritizing Loan Repayment: Directing the entirety of your surplus income towards clearing the house loan can expedite debt elimination and alleviate financial burdens in the long term. By reducing interest outflows, you pave the way for enhanced financial flexibility and stability, albeit at the expense of delaying mutual fund investments.

Balancing Investments and Loan Repayment: Adopting a balanced approach by allocating a portion of your surplus income towards mutual fund investments while concurrently servicing the house loan allows you to strike a harmony between wealth accumulation and debt reduction. This strategy enables you to capitalize on market opportunities while fulfilling your loan obligations responsibly.

Crafting a Personalized Financial Plan
To determine the most suitable course of action, it's imperative to assess your risk tolerance, investment horizon, and long-term financial objectives comprehensively. Engaging in a detailed financial planning exercise, either independently or with the guidance of a certified financial planner, can aid in formulating a tailored strategy aligned with your aspirations and constraints.

Conclusion: Charting a Path to Financial Empowerment
In conclusion, the decision to prioritize mutual fund investments or house loan repayment hinges on a nuanced evaluation of your financial circumstances and objectives. Whether you opt for debt clearance or pursue a balanced approach, it's essential to remain cognizant of the trade-offs involved and strive for a harmonious integration of both strategies to achieve long-term financial empowerment.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7837 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 27, 2024

Asked by Anonymous - Jul 21, 2024Hindi
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Money
I am 32 years old. I am earning 1.5 Lakh per month. I have 26 Lakh in PF, 12 lakh in Mutual Fund, 2 Lakh in NPS, 8 Lakh worth gold (90 % in jwellery). I have recently bought one residencial property with housing loan of 30 Lakh for 10 years. I just bought one more residential property worth 28 Lakh. Shall i go with one more housing loan or i pay for it from PF as then i wont have any backup...my pension is covered by government.
Ans: Current Financial Position
Age: 32 years old
Monthly Income: Rs. 1.5 lakhs
Provident Fund (PF): Rs. 26 lakhs
Mutual Fund Investments: Rs. 12 lakhs
National Pension System (NPS): Rs. 2 lakhs
Gold: Rs. 8 lakhs (90% in jewellery)
Housing Loan: Rs. 30 lakhs for 10 years (recently bought residential property)
New Residential Property: Rs. 28 lakhs
Government Pension: Covered
Key Considerations
Financial Backup

Using your PF to pay for the property will deplete your emergency funds.
Keeping some reserves is crucial for unforeseen expenses.
Housing Loan

Taking another loan means additional EMI, which will affect your monthly cash flow.
Evaluate your repayment capacity considering your current loan.
Investment Strategy

Balance between liquidity, growth, and safety.
Diversify investments to manage risk.
Evaluating Options
Using Provident Fund
Advantages:

No additional EMI burden.
Property is fully paid off.
Disadvantages:

Depletes emergency funds.
Reduces long-term retirement corpus.
Taking Another Housing Loan
Advantages:

Keeps PF intact for emergencies.
Leverages debt to acquire property.
Disadvantages:

Additional EMI burden.
Impact on monthly cash flow.
Recommendations
Maintain Financial Backup
Emergency Fund: Always keep at least 6 months of expenses in liquid form.
PF as Backup: Your PF acts as a safety net for long-term needs.
Evaluate Loan Affordability
EMI Impact: Ensure your total EMI does not exceed 40% of your monthly income.
Current EMI: Calculate the impact of the new loan on your existing financial commitments.
Optimal Use of PF
Partial Withdrawal: Consider partial withdrawal from PF if necessary. Keep a portion intact for emergencies.
Diversified Investments: Ensure your PF is balanced with other investments.
Investment in Mutual Funds
Growth Potential: Continue investing in mutual funds for long-term growth.
Review Portfolio: Regularly review and adjust your mutual fund portfolio based on performance and goals.
National Pension System (NPS)
Retirement Savings: Continue contributing to NPS for additional retirement benefits.
Tax Benefits: Utilize tax benefits under Section 80C and 80CCD(1B).
Gold as an Asset
Diversification: Gold provides a hedge against inflation and currency risk.
Liquidity: Gold in jewellery form is less liquid. Consider converting some to more liquid forms like ETFs.
Final Insights
Balancing liquidity and growth is key. Maintain your PF as a financial backup. Evaluate your capacity for an additional housing loan. Continue investing in mutual funds and NPS for long-term growth. Ensure your investment portfolio is diversified to manage risks effectively.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7837 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Sep 22, 2024

Asked by Anonymous - Sep 11, 2024Hindi
Money
I need to buy a land worth rs 50 lakhs. I have mutual fund worth 10 lakhs in hand. Should I pay for land buy selling mutual funds or Proceed with loan purely?
Ans: You are considering buying land worth Rs 50 lakhs. You already have Rs 10 lakhs invested in mutual funds. You are weighing two options:

Sell your mutual funds and use the Rs 10 lakhs for the down payment.
Take a loan for the full Rs 50 lakhs.
This is a significant decision that could impact your financial health. Let’s evaluate both options carefully to determine what would be the most beneficial for you.

The Importance of Preserving Investments
One of the key principles of financial planning is ensuring that long-term investments are not disturbed unless absolutely necessary. Your mutual funds are part of your long-term wealth-building strategy. They are designed to grow over time and help you meet future financial goals like retirement, children’s education, or any other major life events. Selling these investments early can disrupt that growth, and you may lose out on potential returns.

Mutual funds offer compounding growth. By holding on to these investments, you benefit from compounding returns over time.

Selling them now may incur capital gains tax. Depending on how long you’ve held these investments, selling them could lead to a tax liability.

You might be forced to sell at the wrong time. If the markets are down, selling could mean realizing losses or missing out on future gains when the markets recover.

Evaluating the Loan Option
Taking a loan can help you finance your land purchase without touching your long-term investments. Let’s look at the advantages and drawbacks of taking a loan.

Benefits of Taking a Loan
Preserves your mutual fund investments. You allow your investments to grow and compound over the long term, potentially giving you better returns in the future.

You benefit from leverage. If the value of the land appreciates, you can enjoy higher returns while only paying a portion of the total cost upfront.

Flexible repayment options. Home loans and land loans come with flexible repayment terms, allowing you to manage cash flow effectively over a long period.

Tax benefits on loans. If the loan is for residential property, there are tax benefits available on both the principal repayment and the interest paid. Though this may not apply directly to land loans, it’s something to consider if you convert the land into residential property in the future.

Drawbacks of Taking a Loan
Interest costs. Taking a loan will add to your financial burden in terms of interest payments. Over the loan tenure, this could be substantial, especially if you take a high-value loan for a long period.

Monthly EMI commitment. Taking a loan will lead to monthly EMIs, which could affect your cash flow and other financial obligations.

Possible impact on credit score. If there is a delay or difficulty in repayment, it could impact your credit score and future loan eligibility.

Should You Sell Mutual Funds or Proceed With a Loan?
Now, let’s evaluate whether selling mutual funds or taking a loan is the better option.

Reasons to Avoid Selling Mutual Funds
Opportunity cost. Selling mutual funds now means you miss out on the potential growth these investments could provide in the future. Equity mutual funds, in particular, tend to offer better long-term returns compared to real estate.

Lock-in periods and exit loads. Some mutual funds come with lock-in periods or exit loads if redeemed too early. This could result in additional costs if you sell them prematurely.

Market timing. The markets might be down when you decide to sell. This could mean getting less than the actual value of your investments, leading to losses.

Long-term financial goals. Your mutual funds could be part of your long-term financial planning. Selling them now could derail some of your future financial goals, such as retirement or children's education.

When Selling Mutual Funds Might Make Sense
There are some instances where selling mutual funds can be considered:

If the mutual funds are not performing well. If you find that your funds have consistently underperformed or if you’ve already planned to exit them, selling might be justified.

No immediate long-term financial goals. If the Rs 10 lakh in mutual funds is not tied to any specific long-term goal, and you have a stable income source, you may consider selling them.

If the land is for immediate use. If the land is for personal use (like building a house), and you feel that selling mutual funds will allow you to avoid taking on more debt, you might consider it. However, this should only be done after careful consideration of your entire financial situation.

The Right Balance: A Combination of Loan and Mutual Funds
A balanced approach could be the best option. You could partially sell a portion of your mutual funds and also take a loan. This way, you retain most of your long-term investments while reducing the total loan amount.

Advantages of Combining Both Options
Reduced loan amount. By using Rs 5-7 lakhs from your mutual funds, you can reduce the loan amount. This reduces your overall EMI burden and interest costs, making the loan more manageable.

Preserve some investments. By not selling all your mutual funds, you still retain a portion of your investment portfolio, which can continue to grow.

Tax efficiency. If you structure the loan well, especially if it's for residential purposes later, you could still benefit from tax deductions on interest and principal repayment.

Managing Your Cash Flow
If you decide to take a loan, managing your cash flow becomes essential. Here are a few tips to ensure that you can comfortably manage your loan repayments without straining your financial resources:

Allocate a percentage of your income for EMIs. A common rule of thumb is that your EMIs should not exceed 40-45% of your monthly income. This ensures that you have enough left over for other financial goals and expenses.

Create an emergency fund. Before taking on a loan, ensure you have a sufficient emergency fund. This can cover any unforeseen expenses without disrupting your loan repayments.

Reassess other investments. If you have other investments besides mutual funds, such as fixed deposits or gold, you may want to assess whether these can be used to reduce the loan amount.

Consider loan tenure. Choose a loan tenure that balances between manageable EMIs and the total interest cost. A shorter tenure means higher EMIs but lower interest paid over time, while a longer tenure reduces the monthly EMI but increases the overall interest burden.

Real Estate as an Investment
It’s important to remember that real estate should not be viewed purely as an investment. The value of land may appreciate, but it is not guaranteed. Land and real estate are illiquid assets, meaning it may take time to sell when you need cash. Additionally, real estate transactions come with other costs like registration fees, taxes, and maintenance.

Key Considerations for Real Estate Purchases:
Long-term capital appreciation is uncertain. Unlike equity mutual funds, real estate does not always guarantee returns. Property values depend on location, demand, and various market factors.

Illiquidity. Real estate is not as easily liquidated as mutual funds. If you need cash urgently, selling land can be time-consuming and could result in lower than expected returns.

Maintenance and other costs. Owning land comes with additional costs such as property taxes, maintenance, and legal fees.

Benefits of Consulting a Certified Financial Planner
Whenever you are faced with a major financial decision, consulting a Certified Financial Planner (CFP) is invaluable. A CFP helps you see the bigger picture and understand the long-term impacts of your decisions.

Objective advice. A CFP provides advice based on your personal financial situation, ensuring that all your financial goals are considered.

Holistic planning. A CFP looks at all aspects of your finances, from taxes to long-term savings, and provides a plan that works for you.

Regular reviews. Working with a CFP allows you to adjust your plans as your financial situation changes over time.

Final Insights
It’s essential to evaluate your decision from multiple angles. Selling mutual funds should be a last resort unless those funds are already underperforming or unnecessary for future goals. Taking a loan allows you to preserve your investments and could lead to tax benefits if structured correctly.

Keep your long-term goals in mind. Don’t sell long-term investments without assessing the future impact.

Taking a loan can help you preserve your mutual funds, allowing them to continue growing over time.

A balanced approach could involve selling a portion of your mutual funds and taking a smaller loan.

Always maintain a healthy cash flow and ensure that loan EMIs do not exceed what you can comfortably manage.

Lastly, real estate, especially land, should be purchased for personal or functional reasons, not as an investment.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
Instagram: https://www.instagram.com/holistic_investment_planners/

..Read more

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Pushpa R  |48 Answers  |Ask -

Yoga, Mindfulness Expert - Answered on Feb 05, 2025

Asked by Anonymous - Feb 04, 2025Hindi
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Mam, can yoga help prevent cancer in women? Please advice
Ans: Yoga cannot guarantee the prevention of cancer, but it can play a supportive role in maintaining overall health, reducing risk factors, and improving well-being. Many studies suggest that regular yoga practice helps reduce stress, improve immunity, balance hormones, and promote detoxification—all of which may lower the risk of cancer in women.

How Yoga Can Help:
Reduces Stress: Chronic stress weakens the immune system and increases inflammation, which can contribute to disease. Practicing meditation, breathing exercises, and relaxation techniques keeps the body in balance.
Boosts Immunity: Gentle yoga poses improve blood circulation and support the lymphatic system, which helps remove toxins from the body.
Balances Hormones: Hormonal imbalances may increase the risk of conditions like breast and ovarian cancer. Regular yoga helps maintain a healthy endocrine system.
Supports Detoxification: Twisting poses and deep breathing help the body eliminate waste and toxins.
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Pranayama (Breathwork): Anulom Vilom and Bhramari help calm the nervous system.
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Ramalingam

Ramalingam Kalirajan  |7837 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 05, 2025

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Get me some clearity on HDFC BALANCED ADVANTAGE FUND as from last few days my portfolio is going in negative
Ans: Understanding Balanced Advantage Funds

Balanced Advantage Funds invest in both equity and debt. They adjust their investments based on market conditions. This flexibility helps manage risk and aim for steady returns.

Recent Performance Insights

It's natural to feel concerned when your portfolio shows negative returns. Remember, short-term declines are common in investments. Balanced Advantage Funds aim to reduce risk by adjusting their investments. This strategy helps manage market ups and downs.

Factors Influencing Performance

Several elements can affect your fund's performance:

Market Volatility: Changes in the market can impact returns.

Asset Allocation: The mix of equity and debt plays a role.

Interest Rate Changes: Fluctuations can influence debt investments.

Economic Indicators: Factors like inflation and GDP growth are important.

Evaluating Fund Performance

To assess your fund's performance:

Compare with Benchmarks: See how it measures up against standard indices.

Review Historical Returns: Look at past performance over different periods.

Consider Risk-Adjusted Returns: Evaluate returns in relation to the risk taken.

Staying the Course

It's commendable to stay focused on your long-term goals. Short-term market changes shouldn't deter your investment strategy. Maintaining discipline is key to achieving financial objectives.

Consulting a Certified Financial Planner

For personalized advice, consider consulting a Certified Financial Planner. They can provide guidance tailored to your financial situation.

Final Thoughts

Market fluctuations are a part of investing. Balanced Advantage Funds are designed to manage these ups and downs. Staying informed and patient can help you reach your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7837 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 05, 2025

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Hello, my mother is 62 year old pensioner. She has invested funds in government securities and postal schemes. Despite submitting 15H form and filing ITR (as a senior citizen person), her tax is getting deducted. Can you kindly explain why this is happening?
Ans: There are a few possible reasons why TDS (Tax Deducted at Source) is being deducted from your mother's investments, despite submitting Form 15H and filing ITR.

1. Incorrect or Late Submission of Form 15H
Form 15H must be submitted at the start of the financial year to all institutions where she has investments.
If submitted after TDS is deducted, it won’t apply retrospectively to recover the deducted tax.
Ensure the form is submitted separately to each bank, post office, or financial institution.
2. Exceeding the Basic Exemption Limit
For senior citizens (60+ years), income up to Rs. 3 lakhs is tax-free.
If her total taxable income (pension + interest from investments) exceeds Rs. 3 lakhs, TDS will still apply.
Even if TDS is deducted, she can claim a refund while filing her ITR if her total tax liability is zero.
3. Form 15H Validity Rules
Form 15H is only valid if total taxable income is below the exemption limit.
If her total income is more than Rs. 3 lakhs, banks and post offices will ignore Form 15H and deduct TDS.
4. Different TDS Thresholds for Investments
Banks deduct TDS on FD interest if it exceeds Rs. 50,000 per year for senior citizens.
Post Office schemes (like SCSS) deduct TDS if interest crosses Rs. 50,000 per year.
Government securities may also have TDS rules based on the issuing authority.
5. PAN Not Updated with the Bank/Post Office
If PAN is not linked to the investment accounts, higher TDS at 20% is deducted.
Ensure all investments have PAN updated to avoid excess TDS.
6. Errors in Tax Deduction System
Sometimes, banks deduct TDS even if Form 15H is submitted correctly.
In such cases, she can file an ITR and claim a refund from the Income Tax Department.
What to Do Now?
Check total taxable income to confirm if she qualifies for Form 15H.
Verify all Form 15H submissions with banks and post offices.
Ensure PAN is updated in all financial institutions.
If TDS is wrongly deducted, file an ITR and claim a refund.
Would you like help with checking if she is eligible for a refund?

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7837 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 05, 2025

Ramalingam

Ramalingam Kalirajan  |7837 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 05, 2025

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My son is a Singapore citizen. He has a flat in his name in Co-op. Hous. Soc. in Navi Mumbai purchased in 2005. He wants to sell it. Will you please suggest ways to repatriate the proceeds with least tax implications?
Ans: Selling property in India as a non-resident involves several steps. It's important to follow these steps to ensure compliance with Indian laws and to minimize tax liabilities. Here's a detailed guide to assist your son:

1. Understanding Capital Gains Tax

Long-Term Capital Gains (LTCG): Since the property was purchased in 2005 and is being sold now, it qualifies as a long-term asset. LTCG is taxed at 20% for non-resident Indians (NRIs).

Indexation Benefit: This benefit adjusts the purchase price for inflation, reducing taxable gains.

2. Tax Deducted at Source (TDS) Obligations

TDS Rate: The buyer must deduct TDS at 20% on LTCG for NRIs. Ensure the buyer complies with this requirement.

3. Repatriation of Sale Proceeds

NRO Account: Deposit the sale proceeds into a Non-Resident Ordinary (NRO) account.

Repatriation Limit: NRIs can repatriate up to USD 1 million per financial year from their NRO account, provided all taxes are paid.

4. Documentation for Repatriation

Tax Clearance: Obtain a certificate from a Chartered Accountant in Form 15CB.

Bank Procedures: Submit Form 15CA to the bank. These forms confirm that taxes have been paid.

5. Tax Exemptions to Reduce Liability

Section 54: Invest LTCG in another residential property in India within specified timelines to claim exemption.

Section 54EC: Invest in specified bonds within six months of sale to avail exemption. The maximum investment limit is Rs 50 lakhs.

6. Currency Exchange Considerations

Exchange Rate: The prevailing exchange rate at the time of repatriation will apply.

Bank Charges: Be aware of potential charges during the transfer process.

7. Professional Consultation

Certified Financial Planner: Consult a Certified Financial Planner to navigate the complexities of taxation and repatriation.

By following these steps, your son can efficiently manage the sale and repatriation process, ensuring compliance and minimizing tax liabilities.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

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

...Read more

Anu

Anu Krishna  |1494 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Feb 05, 2025

Asked by Anonymous - Jan 24, 2025Hindi
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Relationship
I have been married for more than 3 weeks. And I don't like my husband. I didn't like him before the marriage and it was very clear to my family tht I didn't like him. But my parents forced me to get married to him and it was my fault tht I couldn't prioritise my feelings. I considered what would happen to them if I called off the engagement. And after being married I have been more than depressed. My parents keeps telling what I should do. I don't let him touch me since I don't like him I asked him for some time and on the 2nd day he made a huge issue in my family telling them that I don't let him touch me. I started to resent him after this. Everyone around me keeps on telling Me that he will go abroad in 2 weeks so I should do whatever a wife does. it's been 3 weeks and continuous arguments. I'm so sad. I'm scared of what would happen if I leave this marriage. I can't stay in my own family because they would treat me so bad. I would have to stay alone. Thinking about the uncertain future and consequences am not able to do anything. Am stuck in this miserable situation.
Ans: Dear Anonymous,
For sure, it's difficult to be physically intimate with someone that you do not fancy and he is being silly in making this public. Rather than winning you over, he's making it a public issue to gain sympathy which his highly immature.
Now, I am going to give you an example that you may not like.
Eg: You have to live in Japan for 2 years and you do not like that cuisine. But eventually you realize that 2 years is a long time and then you actually start enjoying the food by looking at what's nice in it; healthy, light, good on the heart etc.

It's the same here. You may have gotten forced into the marriage. But it's just 3 weeks. Give it time...NO, you do not have to engage in any physical intimacy with him right away; but at least try to get to know him...maybe someday you might start to appreciate his good qualities, yeah? See, if this is possible in the short time that you have...it's just about having an open mind. Marriages are easy to break, think hard on this one.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

...Read more

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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