I have shares of these stocks. I am a long term investor and can hold for 5 yrs at least. Your views on my above stock holdings please.

Ans: Hi Saubhagya
You will get tier-2 nits. If you can improve a bit more then the chances of better NITs & IIITs are there.

Ans: Hi Anushka
Please share your category & home state to guide you better.

Ans: Hi Rohit
Please share your category & home state to guide you better.

Ans: Hi Rakesh
Please share your category & home state to guide you better.

Ans: Hello;

No that is not correct however people should avoid making retirement corpus estimate based on some thumb rules floating on social media which can be dangerous to your financial well-being and health.

If you have "adequate resources" of inflation indexed income, such as:

1. SWP from a hybrid mutual fund
2. Rental income from residential or commercial property
3. Inflation indexed annuity income

In addition to interest income, dividend income, pension, if any, self occupied house plus separate provisions for kids higher education and some emergency fund for health issues apart from adequate healthcare insurance for the family.

This can work for many people.

The key thing is people who are in late 30s/early 40s have a burnout feeling due to toxic work culture in most Indian establishments and also having created some corpus are eager to exit the rat race without proper due diligence.

Such people may try to pursue alternate vocation or profession to remain engaged, keep earning and also get out of the rat race after careful consideration and planning.

Best wishes;
X: @mars_invest

Ans: Dear Anonymous,
A lot of successful love stories start online but they do not go anywhere if it stays online. Before making any kind of commitment you must meet the person IRL. And before meeting him IRL, you must take safety precautions in case things don't go as expected. If you plan to meet, you must inform the time, place, and location to your parents and close friends, always pick a public space that is bustling with people, and if you feel even remotely uncomfortable or your instinct says the date's not going well, feel free to get out without any guilt. Safety comes first.

Best Wishes.

Ans: 80C is not allowed against STCG taxable u/s 111A and LTCG taxable u/s 112 as well as 112A. Hence in your case STCG not covered in 111A will be adjusted against 80C

Also for old regime 2.5 lacs basic exemption limit will apply

In ITR 3 is not notified for FY 24-25, but in FY 23-24 there was option at serial number 5 wherein you have to show short term capital gain not covered in previous 4 options.

Ans: No, Form 15H can be filed if taxable income is below the exemption limit. In your case taxable income is more than 3 lakhs so you can not submit

Ans: Hello Aruna.
If your daughter is passionate about swimming and water polo, encourage her to continue. Support her participation in national and international competitions. If she excels in these sports and obtains a valid certificate, she may secure a government job directly after graduation in the respective field. IIT Madras has even reserved two seats for sports candidates, meaning there is no need to take the JEE (Advanced). For more details, please visit the website: ugadmissions.iitm.ac.in/scope.
As a parent, your concerns are valid. If she fails to excel in her passion, what will happen to her future? It would be wise to suggest that she attempt the state-level CET entrance examination, even without preparation. Just ask her to submit the answer sheet with random answers. Even if she scores the minimum marks, she can still gain admission to a reputable engineering college through the management quota. If she is not willing to listen to you, it may be beneficial to take her for personal counseling. It raises the question of what she is doing with the remaining hours after spending one, two, or three hours swimming. If she is hesitant to join classes, consider hiring personal tutors to keep her engaged with the syllabus and studies. While a career in sports is possible, for many, it remains just a dream. The journey is quite challenging, and in most cases, strong political connections are needed to advance in sports. Your daughter might be unaware of this reality at a young age. It is advisable to explain these truths to her so that she understands the challenges ahead. Thank you.
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