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T S Khurana

T S Khurana   |138 Answers  |Ask -

Tax Expert - Answered on Sep 17, 2024

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
SESHAN Question by SESHAN on Sep 16, 2024Hindi
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If i sell my shares of about one lac and purchase shares of other cos for 1 lac + accrued profits, do i have to pay income tax?

Ans: 01. You have not mentioned, whether share you want to sell are covered under LTCG or STCG.
02. If covered under LTCG, , it shall be exempt up to Rs.1.25 lakh, & rest, if any shall be taxed.
03. You are free to purchase shares of other companies, with the sale proceeds
MOst welcome for any further clarifications. Thanks.
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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Hello Sir, I'm 44 years of age and want to plan for creating a corpus of 5 Cr by age of 60. I have 40L lying in savings which I want to invest in MFs and start with Monthly SIP as well apart from this. At 60 I'm looking to start a SWP, in regards to this could you please suggest which MFs should I invest in to achieve this goal and how should I diversify SIP and lumpsum investments? Thank you!!
Ans: Hello;

Please deploy the 40 L staggered over 6 months in pure equity mutual funds.

Also start a monthly sip of 40 K for 16 years.

You may allocate sip and lumpsum as follows:
1. Flexicap type mutual fund for eg. PPFAS flexicap fund[G] (25%)

2. Large and Midcap type mutual fund for eg. Kotak equity opportunities fund[G] (25%)

3. Midcap type mutual fund for eg. Nippon India Growth fund[G] (25%)

4. Smallcap type mutual fund for eg SBI small cap fund [G] (12.5%)

5. Thematic type mutual fund for eg Tata Digital fund[G] (12.5%)

Funds recommended are in top quartile in terms of performance in their respective category.

Both sip and lumpsum investments will yield you a corpus of 5 Cr+, 16 years from now, as desired.

After 55 you need to transfer your gains to liquid or ultra short duration debt funds to protect it against market volatility.

After retirement you move your corpus to conservative hybrid debt type mutual fund for eg. Kotak debt hybrid fund and do an SWP at the rate of 3% annually you may expect a monthly income of 1.25 L(pre-tax).

Happy Investing!!

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

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Ravi

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Dating, Relationships Expert - Answered on Oct 14, 2024

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Hello, I m 21 female I m in a long distance relationship with 32 year male.this person was behind me and always asked me to give him a chance to prove his love for me. At that period i was afaird of relationships as I didn't have courage to go against wish of my parents as i know they wolud never agree for love marriage,so that is fir sure i'll do arrange Marriage. All these things have been explained by my side to this person.He gad feelings for me thats what he showed to me even I felt a connection towards him, so we decided let's not commit anything anout marraige as we both wee not sure about these thing. After some time i realised these person has already made his mind ki he'll date me and he wanted to have everything that an relationship has but he will not marry me.But i m completely in love with.Even i told him about it ki I can't share him n won't be able to see him.with someone else.i just can't imagine myself without him. I fought with him even begged and cried but he always defend his self sayi g i told already ki he loves me and will keep loving me but will not marry me . He vists me after 6-9 months interval every time he visuts me he needs to have physical relationship. I don't know whether I m right or wrong but i feel like I m being used by him. I tried several time to end this relationship but i end up chasing him.Plz help me,guide me
Ans: Dear Rutuja,
If you have the slightest feeling that he doesn't share the same feelings for you as you do for him, or that he has wrong intentions, you have every right to end the relationship. In fact, that would be the right thing to do. I understand that it is difficult to break up with someone you love, but does he love you? Don't you think you deserve someone who loves you and does not make you feel as if you are being used?

Have a clear conversation with him- address all your concerns. If he still maintains his stand of not getting married to you, then let him know that you are not on the same page as him. Remember, for a relationship to work, your future goals need to align.

Best Wishes.

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Dating, Relationships Expert - Answered on Oct 14, 2024

Asked by Anonymous - Oct 10, 2024
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I am a girl who met a muy in a friendly chat app and been talking to him through text and calls since the past 6 months...he told me about his past 3 breakups which were online too and he didnt meet those girls.He told he loved my nature and loves me madly n cannot live without me..i was moving with him as a friend initially,but feeling turned into love gradually..he lied to me about his name too n i found many a times flirting and chatting with other girls.Still i have forgiven as he is my first love. Recently,I met with an accident and was in a serious condition ..my phone was with my relative and she told him about my condition when he put a message to me.He even asked my relatives about the hospital address n my relative has given it. He didn't turn up and was chatting online with other girls till early morning n continued later too by chatting n cracking jokes when i was in such a serious condition.A friend of mine told me about this. When i confronted him after my discharge,he told my relative didnt give the response which is a lie ..as the proof chatting with other girls is there..n later he didnt even text to know how am i for 2days.. I am an emotional girl ,attaching n detaching is a bit difficult thing...i am broken ..when he didnt love me ..what made him use the words like he cannot live without me n will marry me. He asked for a chance,i am fed up of his lies..i made him introduce to my parents also..When i am so true to him..why does he need to chat n flirt with other girls?..even after knowing my condition instead of meeting me..he was chatting.. We still didnt meet,thought of meeting n met with an accident Does he deserve an other chance or should i leave him,please suggest mam.Why is he doing so?.I even helped him small amounts financially too when he asked for.
Ans: Dear Anonymous,
I am very concerned about the last part of your question where you mentioned helping him financially. We ask all our dating app users not to discuss money let alone involve in a financial transaction with an online match. It gives me the impression that he might have been pursuing the relationship with you for monetary benefits; I am not saying that with surety but there is always a chance of that happening.

And now let's address your main concern- if you should give him another chance. I cannot decide that for you but let me ask you one thing- do you think you deserve to be with a person who did not care that you were in a critical condition and continued flirting with others? Even if we keep your accident aside, do you think it is a healthy relationship where one partner keeps flirting with people outside the relationship? I don't think so.

Please make the right choice and don't focus on momentary happiness, think about how this relationship will affect your future.

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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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