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Kanchan

Kanchan Rai  |405 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 20, 2023

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
Asked by Anonymous - Nov 20, 2023Hindi
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Relationship

Hi. I am married and its our 17th year into marriage. Myself 40 yrs and my wife 37 yrs, we have 2 kids. I am working abroad and my wife is working near our home in india itself. Recently my son found that my wife is seeing her senior co worker who is also married and having 2 kids. They were sending romantic messages. My son got shocked and immediately informed me and was very furious. I too got shocked and inquired my wife. She apologized and said that she got attracted and carried away. Also it was just chatting and nothing happened between them. they were chatting for nearly 7 months. In between that man had visited my home too. I love my wife a lot and couldnt believe she betrayed me. As i am working abroad i couldnt judge how long and serious this affair was. I couldnt travel immediately also. She pleaded and still going to the same job citing her career and for kids life. I couldnt sleep and terribly confused as how to handle this and proceed further. I couldnt share to my family also.

Ans: Oh my dear Anonymous, I'm sorry to hear that you're going through such a difficult situation. Infidelity can be a painful experience, and it's understandable that you're feeling confused and hurt. Dealing with such matters requires careful consideration and communication.It's normal to feel a range of emotions such as anger, sadness, confusion, and betrayal. Allow yourself the space to come to terms with what has happened before making any major decision. Discuss your feelings, concerns, and expectations moving forward with your wife clear;y being open and honest is what i feel is most important. Discuss and establish clear boundaries regarding communication with the other person. Also you have children, consider how this situation may affect them. It's essential to provide a stable and supportive environment for them. Depending on the circumstances, you may want to involve them in the conversation or shield them from the details, depending on their age. Remember, the decision on how to proceed ultimately rests with you. Seeking the assistance of a professional counselor or therapist can be valuable in navigating the complexities of infidelity and rebuilding trust. It's crucial to prioritize your emotional well-being and make decisions that align with your values and goals for the future.
Asked on - Nov 20, 2023 | Answered on Nov 21, 2023
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Thank you very much for your kind reply. will consider your solution.
Ans: please let me know if i can be of any more help
Asked on - Nov 21, 2023 | Answered on Nov 22, 2023
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Actually to say the truth this incident has made my life very difficult. Due to financial burden and for the sake of kids life, came abroad to earn money. Had huge faith and trust in my wife. suddenly this incident have ruined all the happiness. Even though i had many conversation with my wife and she assured me of faith and true to our relationship; i couldn't digest this. My daughter is just 9 years old, she doesnt know anything. But my son is 15 years old and he understands things. This incident have made him arrogant towards her. my kids love me and i am living for them and to make their life better working away from home. Actually they want me to be with them and take care of them. But my wife always insisting me to return back after becoming financially stable. Initially i was also hoping for the same. But now its totally different. Knowing that the guy is just few kilometers away from my home and working in the same company where my wife works is making me go wild sometimes. But as of now i am controlling my emotions and trying to trust my wife. But this is really taking a toll on me. One side i have to take care of my aeging parents, clear debts, take care of kids education and other family expenses. Other side this issue. My wife earns money just to spend for her family and her day to day expenses. nothing of use to me nor kids. So i am totally struck and dont know how to handle. Moreover i am keeping all the things within me and couldnt discuss with either friends nor family. Feeling lonely and betrayed.
Ans: It's understandable that you're feeling a range of emotions given the complexities of your situation.Honest and open communication with your wife is crucial. Share your feelings, concerns, and the impact this situation is having on you. Encourage her to express herself as well. Clear communication is key to rebuilding trust. Consider what is best for you, your children, and your overall well-being. Assess whether staying abroad or returning home is the most viable option for your family. It's important to take care of your own mental and emotional well-being. Consider engaging in activities that bring you joy and relaxation. This might include exercise, hobbies, or spending time with friends.

Best Wishes

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Kanchan

Kanchan Rai  |405 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 22, 2023

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Relationship
Actually to say the truth this incident has made my life very difficult. Due to financial burden and for the sake of kids life, came abroad to earn money. Had huge faith and trust in my wife. suddenly this incident have ruined all the happiness. Even though i had many conversation with my wife and she assured me of faith and true to our relationship; i couldn't digest this. My daughter is just 9 years old, she doesnt know anything. But my son is 15 years old and he understands things. This incident have made him arrogant towards her. my kids love me and i am living for them and to make their life better working away from home. Actually they want me to be with them and take care of them. But my wife always insisting me to return back after becoming financially stable. Initially i was also hoping for the same. But now its totally different. Knowing that the guy is just few kilometers away from my home and working in the same company where my wife works is making me go wild sometimes. But as of now i am controlling my emotions and trying to trust my wife. But this is really taking a toll on me. One side i have to take care of my aeging parents, clear debts, take care of kids education and other family expenses. Other side this issue. My wife earns money just to spend for her family and her day to day expenses. nothing of use to me nor kids. So i am totally struck and dont know how to handle. Moreover i am keeping all the things within me and couldnt discuss with either friends nor family. Feeling lonely and betrayed.
Ans: It's understandable that you're feeling a range of emotions given the complexities of your situation.Honest and open communication with your wife is crucial. Share your feelings, concerns, and the impact this situation is having on you. Encourage her to express herself as well. Clear communication is key to rebuilding trust. Consider what is best for you, your children, and your overall well-being. Assess whether staying abroad or returning home is the most viable option for your family. It's important to take care of your own mental and emotional well-being. Consider engaging in activities that bring you joy and relaxation. This might include exercise, hobbies, or spending time with friends.

Best Wishes

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T S Khurana

T S Khurana   |197 Answers  |Ask -

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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