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Dr Ashish

Dr Ashish Sehgal  | Answer  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 05, 2023

Ashish Sehgal has over 20 years of experience as a counsellor. He holds a doctorate in neuro linguistic programming, mental health and social welfare.He is certified in neurolinguistics by both the Society of NLP and the American Board of NLP.... more
Bhumi Question by Bhumi on Mar 22, 2023Hindi
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Relationship

How to come out from a toxic relationship

Ans: Ending a toxic relationship can be difficult, but it's important to prioritize your own well-being. Here are some steps you can take to come out from a toxic relationship:

Recognize and acknowledge the toxicity: The first step is to acknowledge that the relationship is toxic. Be honest with yourself about the negative impact it has on your mental, emotional, and physical well-being. Recognize the signs of toxicity, such as consistent disrespect, manipulation, abuse, or controlling behavior.

Establish healthy boundaries: Set clear and firm boundaries to protect yourself. Communicate your boundaries assertively and consistently enforce them. This may involve saying "no" when you feel uncomfortable, distancing yourself from the toxic person, or cutting off contact altogether.

Seek support: Reach out to trusted friends, family, or a therapist for support. Surround yourself with people who are understanding, non-judgmental, and supportive of your decision to end the toxic relationship. They can offer emotional support, provide perspective, and help you stay accountable to your decision.

Take care of yourself: Prioritize self-care during and after ending a toxic relationship. Take time to practice self-care techniques such as exercise, meditation, adequate sleep, and healthy eating. Engage in activities that bring you joy and focus on rebuilding your sense of self-worth and self-esteem.

Develop an exit plan: If the toxic relationship involves living together or financial entanglements, it's important to have a plan in place before ending the relationship. This may include finding a safe place to stay, seeking legal advice, and making necessary arrangements to protect yourself and your well-being.

Cut off contact if necessary: In some cases, it may be necessary to cut off contact with the toxic person completely. This can be challenging, but it may be the healthiest option for you. Consider blocking their phone number, unfriending or blocking them on social media, and avoiding places where you may run into them.

Seek professional help if needed: Ending a toxic relationship can be emotionally challenging. Consider seeking the help of a therapist or counselor to process your emotions, build coping skills, and gain support during this process.

Remember that ending a toxic relationship is not easy, but it's important to prioritize your well-being and mental health. You deserve to be in healthy and respectful relationships. Take steps to take care of yourself and seek support from trusted individuals or professionals as you navigate the process of coming out of a toxic relationship. You are not alone, and there is help available.
Best Wishes

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T S Khurana

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Tax Expert - Answered on Nov 23, 2024

Asked by Anonymous - May 11, 2024Hindi
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Money
Can you please suggest on capital gains as per Indian taxation laws arising in the below two queries : 1) property purchased with joint ownership, me and my wife’s name in 2015 at a cost of 64,80,000, housing improvements done for the cost of 1000000 and brokerages of 200000 paid and sold the same property at 10000000 in Dec 2023? 2) 87% of the proceeds got from the deal i.e 8700000, have been reinvested to pay 25% amount in purchasing another joint ownership property in Dec 2023, 3) I have invested in another under construction property in Nov 2023 by taking housing loan, which is on me and my wife’s name worth 1.4 cr, here the primary applicant is me only while wife is just made a Co applicant in the builder buyer agreement and also on the housing loan . So what are the LTCG tax liabilities arising from the above 3 scenarios for FY 2023-2024 and FY 2024-2025. I intend to sale off the property acquired in (2) by Dec 2024 and use that proceeds to close the housing loan for the property acquired in (3), will this sale of property be inviting any tax liabilities if the complete proceeds received from the sale of the property in (2) would be utilised to close the housing loan taken in Nov 2023 for the property in (3) ? Since in FY 23-24, I would be claiming the LTCG from the sale proceeds of 1) invested in the purchase of property in 2), and I intend to sale off this property in Dec 2024, will the LTCG claim be forfeited on the property sale in (1), should I hold this property at least for further 1 year so that sale of this property in 2) will not invite STCG?
Ans: (A). Let's first talk about F/Y 2023-24 :
You jointly sold a Property during the year for Rs.76.80 lakhs (64.80+10.00+2.00), & sold the same for Rs.100.00 lakhs.
You have jointly also purchased Property No.3 (I suppose it is Residential only), for Rs.140.00 lakhs.
You should avail exemption u/s-54 & file your ITR accordingly. Please disclose all details about sale & purchase in your ITR.
02. Now coming to the F/Y 2024-25 :
You intend to Sell Property No.2, which was acquired in 2023-24. Any Gain on Sale of it would be Short Term capital Gains & taxed accordingly.
Alternatively, you may hold this sale of property no.2 (for 2 years from its purchase) & avoid STCG
You are free to utilize the sale proceeds in a way you like, including paying off your housing Loan.
Please note to avail exemption u/s 54 only from investment in property no.3 & not 2.
Most welcome for any further clarifications. Thanks.

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