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Sanjeev

Sanjeev Govila  |458 Answers  |Ask -

Financial Planner - Answered on Mar 28, 2024

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more
Sumeet Question by Sumeet on Mar 14, 2024Hindi
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I was running a bussiness from last seven year with my brother we had dispute and due to financial crisis i was unable to pay my credit card bill and loan amount. Due to this from last 2 years i am unable to file IT return and this year its the 3rd, what should i do

Ans: If you're facing legal issues related to your business dispute, it may be helpful to consult with a lawyer who specializes in business or financial law. They can provide guidance on your rights and options.
Prioritize your debts based on factors such as interest rates and consequences of non-payment. Focus on paying off high-interest debts first while making minimum payments on others.

It is important to file your tax returns. Failing to file can result in penalties and interest charges. It is advisable to seek guidance from an income tax professional who can provide you a personal solution.
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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Anu

Anu Krishna  |825 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 21, 2023

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Dear Khevna Shah I am in the business of my father's after his death with my uncle for the last 15 years and so and when my father died my age was 22 and I was a simple, shy and fear boy and was happy and i am doing the accounts job and i was not taking my salary on monthly basis or yearly basis means i want to say that i take 200 or 500 or sometimes 10000 to 20000 as per my requirement and sometimes i have to give it to my mom for her personal expenses. After two and half years, i was having problems with my uncle due to professional reasons and i was talking to him at that time and discussing all the problems and business related issues facing by me and he was listening but not responding to my problems during these years and after passing of two and half years i tried my best for talks, discussion but i was not getting any response from his end and after that period i stopped myself for any talks, discussion and sharing with him and I was prepared to left him and go elsewhere and do something new or do a job or start a new business on my own as we were are living in joint family and still we are in joint. Mam i did not left him and he provided me a new business and I became the proprietor of that new business and i didnot have any idea of that new business and when i engaged in that business i came to know that this business is all runs on liabilities for around three months to six months and depends on how you capture the market with low competitive rates and that time was new and i was not having any distributorship also and the business went on losses and i have beared losses for almost lakhs and lakhs of rupees. So, I closed the shop and again started doing account job in my father's business with my uncle as all the decisions related to business was taken by my uncle and same problem which i was facing in my early stage was repeated and the days were passing as it was passing previously. Now when corona came in the world, we were all lockdown in our homes and in that time we were all of our family members lockdown in our home. In that period we were all fighting with the corona that when will corona go and when we will go outside again and when will our normal life will start we were talking about our works of home should be divided. In that period all the works were divided and when lockdown was over and we were slowly slowly coming back to normal. Our joint family divided and now we are separate but our business is not separate and i am getting the salary fixed after our separation. Now the problem is that the salary fixed is not upto the mark and i am facing financial crisis at my end and our relation are so so and i am facing heated conversation with my wife related to money problems as i have to give her the money for household activities, personal expenses, my child school fees, admission fees and other activities related to school and i am very much exhausted with all the daily dose. So, therefore what will be my steps to go forward regarding the issues with my uncle and the problems which i am facing right now and have a peaceful time.
Ans: Dear Ashish,
Time and again you have been waiting for things to change in your favour. Your first sign was when your uncle's resistance at doing or thinking anything good for you.
Good nature of yours to trust him and still keep at it, but I guess now being in your 30s, should tell you that you need to make your life yourself and on your own terms.
Don't hang around thinking that the tides will change for you; instead change things the way you want by breaking free. Now. how you want to do it; is something that you need to discuss with your wife and decide. You have been far too dependent on this dream world that your uncle is going to make things happen and will be kind to you.
Be kind to yourself and now ask yourself:
- how can I revive my financial position on my own?
- what support do I need and from whom to achieve this?
- how can I keep myself motivated every day as I change things for the better?

The time has also come to have a clear chat with the person controlling the business. It gets messy when the family is divided and the business is still joint. Money troubles are never going to have clarity ever in this type of an arrangement. So, take matter into your own hands without fearing the outcome and think of only how you can have a better and peaceful life. The answer will be crystal clear to you.

All the best!
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Asked by Anonymous - Apr 27, 2024Hindi
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we have 3 yrs of relationship and in that frm 2 yrs we are in long distance we have great bondings ,no issue on that but the major issue taht we have no future becos he belongs to bhramin family his family is very strict not accept intercaste marriage and also they dont want him to move out of house . right now he is pursuing mbbs and i am pursuing computer science . i live in bangalore as u know its tech hub and best place for me for career but he will make future in gujarat he is telling me to come over there after marriage still we have lot time to think but he dont want to hang me in middle of the situation as he is not able to promise me that he will make it work 100% . He now every time telling me ki if u come to gujarat then only it will work and convince his family and some time he tells me that even if u come their might be my parents not fully accept u and tell u something rudely and all stuffs as i belong to general and may be u will regret for ur career also . what should i do should i compromise my career and do remote job or stay in some small company just for him or otherwise leave him? even i have great fear of not getting any soulmate after this becos as my experiences my elder sisters and brothers are still dint get their perfect partners its hard to get married to unknown i know i am overthinking at this stage but am confuse. i also dont have much frnd to talk about my prsnl problems .its been 2 yrs i have been through my personal loss and family problems also some times i am in pain getting sucidal thoughts its not for the relationships .Please help me with this .
Ans: Tel him to step up as a man and decide. You don't need a soul mate. The one you are seeking is yourself. Choose to be financially strong..
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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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