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Ramalingam Kalirajan |7201 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Sep 03, 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

Question by Shaming on Sep 03, 2024Hindi

Money

Thankyou for your advice sir ....I have one more plan sir please suggest that will it work......there is commercial shop in main market yielding 38000 rent ...it's is 65 lakhs .....and value in papers is 25 lakhs ..so remaining unaccounted amt 25 lakhs and loan of 15 lakhs for 3 to 5 years ....in this way I will save my captain gain tax on 25 lakh olso ...plz suggest

Ans: It's crucial to follow legal and ethical practices. Underreporting or unaccounting the purchase value of property to evade taxes is illegal and can lead to severe penalties and legal issues. It's advisable to declare the full value of the transaction and pay the appropriate capital gains tax. You can explore other legitimate tax-saving options, such as investing in specified bonds or using exemptions under Section 54.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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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Asked by Anonymous - May 11, 2024Hindi

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Sir mere pas 2 residential flat h .Ek Maine purchase Kiya 2017 me 3700000 /-me or isko sale kar diya march2024 me 45 lakh me , to kitna capital gain hoga ? Maine koi or dusara residential flat purchase Kiya h 49 lakh me march2024 me apne do beto ke name se .To isme to koi capital gain nhi hua ya hoga or Maine apne name se nhi apne beto ke name se purchase Kiya h .Kya isme koi income tax ki dendari banegi ? Mai ab dusara flat jo maine purchase Kiya tha 2018 me 3690000 me home loan lekar purchase Kiya tha or ab ye 4100000 lakh me sale ho Rahi h .Ab is flat ka amount fix me jama kar sakta hoon ya beti ki shadi 2saal bad karna chahta hoon .Kya is amount se beti ki shadi kar sakta hoon ya koi or dusari residential property purchase kani hogi or income tax ki dendari banegi ya tax nhi Dena hoga abhi ispar 1600000 lakh baki h uska dekar mere pas Kewal 30 ya 31 lakh bachega .Mai koi dusari property 31 lakh ki purchase karoon fir kitna tax banega ?plz plz suggest and guide me properly.

Ans: 1. Aapki Jo bhi properties aap bechne wale hai ya bech di uspe tax nai Dena hai income tax calculations ke hisaab se.

2. Jo aapne Ghar khareeda beto ke liye usme 1% TDS kaata tha? Woh jaruri hai.

Baaki aapka Paisa hai aap jaise chahe waise istamaal kar sakte hai koi dikkat nai hai.

Ek baar akne CA se bhi salaah le lijiye.

Ramalingam Kalirajan |7201 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 17, 2024

Question by Deepak - Jun 20, 2024Hindi

Money

Me and my father look after a food and beverage shop( sweets and snacks). The property is our own it's around 2200 sqft on a prime location . Now after already running it for more than 30 years we are planning to wind up the business and sell out the land which will earn a sum of rs 6 cr+ to us. And after that we plan to invest that money into different sectors( like land, real estate, equity and FDs). Other option is to mortgage the property and renovate it and put it on rental income which can yield us around 1.2 lacs per month. Now we are little confused as which option to choose. Renovation cost is around 50 lacs and winding up business is due to manpower issues. Also please explain as we sell the property and get 6 cr in hand how do we plan out investment so as to save tax mostly.

Ans: Evaluating Current Situation

You and your father run a food and beverage shop.

You own the property, which is 2200 sqft in a prime location.

You plan to sell the property for Rs. 6 crores or renovate it for rental income.

Renovation cost is around Rs. 50 lakhs, and rental income can be Rs. 1.2 lakhs per month.

Manpower issues are prompting you to consider winding up the business.

Your goal is to invest the proceeds wisely and save on taxes.

Option 1: Selling the Property

Selling the property can provide a lump sum of Rs. 6 crores.

This option can simplify your financial management.

You can invest the proceeds in diversified sectors.

Option 2: Renovating for Rental Income

Renovating can cost Rs. 50 lakhs.

It can generate Rs. 1.2 lakhs per month in rental income.

This provides a steady income stream but requires management.

Tax Considerations

Selling the property will attract capital gains tax.

Investing in specified bonds can save on capital gains tax.

You can also reinvest in another property to save on taxes.

Diversified Investment Plan

Mutual Funds

Invest in mutual funds for growth and income.

Consider equity mutual funds for long-term growth.

Hybrid funds can provide a balance of growth and stability.

Systematic Withdrawal Plan (SWP)

Use SWPs for regular income from mutual funds.

SWPs offer tax-efficient regular withdrawals.

Fixed Deposits

Invest in FDs for secure returns.

FDs provide stability and guaranteed returns.

Avoiding Index Funds

Index funds track the market but lack active management.

Actively managed funds can outperform index funds.

A Certified Financial Planner can provide tailored advice.

Avoiding Direct Funds

Direct funds seem cheaper but need professional guidance.

Regular funds, through a Certified Financial Planner, offer expert management.

Final Insights

Selling the property can provide a large corpus for diversified investments.

Renovating for rental income provides a steady cash flow but involves management.

Diversify your investments for growth, stability, and tax efficiency.

Consult a Certified Financial Planner for a detailed, personalized plan.

Appreciate your long-term planning and proactive approach to managing your assets.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Question by Nitiksha - Dec 03, 2024Hindi

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Ans: Hello;

If a mutual fund company gets sold or fails, the process is prescribed by SEBI:

In case MF company is Sold,
The new fund house may:
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2. Merge the scheme with similar funds and offer investors the option to exit without any exit load.

In case MF company shuts down,
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2. If the company is not in a position to do so then SEBI may liquidate the funds assets and distribute the proceeds to unit holders.

It is also pertinent to note that mutual fund regulation in India is one of the most stringent and hence best, from investor's point of view, globally.

This is not just in theory. We have seen how the Franklin Templeton abrupt closure of debt funds was handled with surgical precision, by SEBI, with no loss to unitholders.

Skin in the game regulation mandates that 20% salary of key mutual fund personnel and fund managers is paid in terms of units of their funds with a 3 year lock-in.

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The trust engages into a investment management agreement with the AMC for managing the fund as per their mandate and within regulatory guidelines.

Registrar and Transfer Agents handle the investor registration,kyc, maintaining records, providing account and tax statements etc.

Happy Investing;
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Question by Manoj - Oct 05, 2024Hindi

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My 17 years son is uninterested in studies, never attended a day of 12th class & always with non student elder friends, returns late-night after 12-1 am. Quarrel with parents & ready to get physical fight with me? What is the solution?

Ans: OMG Mr Manoj...please take external help, take him to a doctor and get your beautiful son back into the family fold. He needs help and a father/family needs to stand with him like a rock to get him back to living a good life. See where he goes, what he does and then talk to him!! Don't blame, don't criticize...your son needs you... Just be there for him, he is yours ...nobody can do what you can do. Love him , cherish him... get him back!!Pls take action in the best interest of your son. All the best..

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Asked by Anonymous - Dec 03, 2024Hindi

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Can we get a refund if there is foreclosure of SBI life insurance due to non payment after grace period is over?

Ans: Hello;

Depends on the terms and conditions of the policy but generally if you don't pay the premium for the policy then it may be converted into paid up policy by the insurance company.

You may get coverage for a reduced sum assured for the balance term of the policy and maturity payment inline with the terms of paid up policy.

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I am planning to invest 1 cr in SBI balance advantage fund. How is the predicted future of SBI balance advantage fund?

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What is your time horizon for this investment?

We can ensure a balanced asset allocation and adequate risk mitigation.

Regulation prohibits us from making future performance prediction regarding stocks or mutual funds.

However if you feel dynamic asset allocation fund(also called balanced advantage fund) is the appropriate category of mutual fund for you, then you may split your lumpsum investment equally in top funds in this category.

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Dating, Relationships Expert - Answered on Dec 03, 2024

Asked by Anonymous - Dec 03, 2024Hindi

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Hello, my wife is Ugandan and I’m of English national, 30 years old and she’s 26, we met nearly a year ago and got married in uk with some of her friends and small family. We haven’t done kuchala (not sure if that’s correct spelling) yet and I’m feeling anxious for when the time comes. She said her family will kneel when they greet me and being white this is already stinging my moral (due to history). I also talked about moving in together before the meet the parents happen however she says she’s rather move in after? Currently this could take two years before going to Uganda, how should I proceed without overstepping her cultural beliefs as after all we are married and by my culture we should already be living together

Ans: Dear Anonymous,
It is very nice of you to be so considerate and sensitive while handling these cultural nuances. Let's discuss the kneeling tradition. It's a sign of respect and it's deeply rooted in Ugandan culture. While I understand your point of view, you also have to remember that it can have significant meaning to her and her family. I suggest you politely express your feelings and let her know why it is uncomfortable for you to see her family kneel. When you explain, mention how much her culture means to you as well. I am sure both of you can communicate and come to a compromise that makes you both happy. Just in case, they persist in following the ritual, just look at it as a gesture of love and respect and not submission.

About the moving in together part, in certain parts of the world, couples living together before the traditional wedding is not considered respectful. But since you are already married, you can try explaining to your wife how the living situation does not go against her cultural expectations. But if it is a really big deal for her and her family, consider seeing it from her perspective.

Communication is everything here. Look at every problem as a team; it's not your problem vs her problem. It's both of you vs the problems.

I hope this helps

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Dating, Relationships Expert - Answered on Dec 03, 2024

Question by jayesh - Nov 27, 2024

Relationship

Iam 42 yrs old and i have crush on a female which board my train and get down the same station. From that day she meet me for a day or so as we share one bus stop for office going. Then afterward she met me once a week or occasionally and iam getting feeling towards her. While on the bus stop if i see her i usually follow her and greet her(for couple of minutes). Today while i was talking i made eye contact with her and she too. And if she see me she allow me to touch her hair and body too Dont know what to do kindly guide me.

Ans: Dear Jayesh,
The best way to confirm if she shares the same feelings for you is to simply ask. Tell her how you feel and ask if she feels anything close to that for you. If she says yes, then you can ask her out on a date- maybe start slow with a cup of coffee and see where it goes. If she says no, then please do not take that as a sign to pursue her some more and convince her.

Hope this helps.

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Asked by Anonymous - Nov 26, 2024Hindi

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How can i catch my cheating partner

Ans: Dear Anonymous,
If you know for sure your partner is cheating, the best thing to do is confront them. There's no point in collecting proof or catching them in the act- it will not make them more guilty than they already are. Ask them directly about what you know and try to rethink the relationship. Cheating should not be excused and I am sure you deserve a partner who remains loyal to you.

Best wishes

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Dating, Relationships Expert - Answered on Dec 03, 2024

Question by Aravinth - Dec 03, 2024Hindi

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Hi sir I married a other caste girl so my mother and sister not given my share and degree ,I got financial problem and not get any job without my degrees if I ask them they told me to leave the girl otherwise they kill me . what to do how to get my degrees and my share

Ans: Dear Aravinth,
I am so sorry to hear this. Can you try to go to your educational institute and ask for another copy of your degree? If not, I am sure there are legal steps that you can take to secure your degree; after all, you have earned it yourself. About the share, I would recommend consulting a lawyer; they can help you in this situation better. Moreover, if there is any threat to your or your partner’s life, you should consider taking it up with the authorities.

Best wishes.

See more questions »

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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