It's very informative to read your column in Rediff. I have some queries I hope you can help me with:

I have not worked since 2017, and there is no income. But I have some investments in equities and equity MFs long term.

Hope to hear your valuable answers on these questions.

My questions are:

1. If I redeem my MF how is the capital gain tax computed? I know that 10% is the tax on the gains. But since I have no income and as there is no tax for earning till 2.5 Lakh, and additionally 1 lakh (or is it 1.5lakh) on equity MF redemptions, can I deduct 3.5 lakh from the amount received through gains and apply 10% tax on remaining?

Anil Rego::The basic exemption can also be claimed additionally.

2. Also, what is the difference in terms LTCG on long term equities, long term equity MFs and long term balanced MFs?

Anil Rego::Balanced MFs with equity holding above 65% and equity MFs, both are treated as equity funds and will be taxed as equity fund. Balanced funds with equity less than 65% will be treated similar to debt funds (non-equity).

3. Can long term loss in equity sale be adjusted with long term gain of equity MF or only with similar equity gains? Please advise.

Ans: Age is just a number, what's gone is flushed down.
Understand History is a mystery, future is un-predictable,PRESENT is a gift you must give yourself.

There must be some reason you want to to study fashion design and tailoring..do you like it.. do you have the aptitude.. Are you comfortable, have some exposure... then look at the opportunity!

Computer's & mobile telephony are an evergreen area as of now..!? Especially after sales service!?

But yet to see clothes going out of fashion.. It's totally need based !

Ans: There are a plethora of IIT'S & NIT'S too if you are not to particular on which one
The GATE Biotech Cut Off for IIT Madras for the General Category is 34.89.

The opportunity on both these subjects have been big.
The methodology to select is the aptitude of the candidate,his comfort zone..!?
Next to employment scope of the respective specialisation and what does he aim as a career.
Food for thought!?

Ans: Well so you are a dentist ..it's a profession where you get a decent sum per procedure.

Hope you are working as a dentist if you are still finding the payoff not commensurate with the efforts and revenue generated, sure must look for a change.

I really don't know your city, but today besides dental hospitals,regular hospital's need dentists too.. Especially during accidental cases.
Further a lot of dental clinic chains have started too, paying decent salaries.
Do your online search apply
.
You could alternatively go to education institutions hold dental health camps... so many patients even a small sum of ?100 x 32 patient's possible at 15 minutes per patient over 8 hours take home ?3200 per day

Ans: There's a lot of confusion diploma backlog,not in engineering.. Lacks clarity..!

However do find out by visiting the respective university websites and the entry level qualifications they are admitting students!

Ans: BDS (BACHELOR DENTAL SURGERY) next option MDS where she could try for a seat, being a lady,good to consider Pedodontics...specialisation in child dentistry!

Ans: Hi,

I wish I knew your exact skill sets and job description to guide you more specifically.
I undestand that your job would need good convincing skills to ensure candidate's invest large amounts to go overseas.

If you believe you are good at convincing people do a career switch to sales,good salary and performance incentives too!

Ans: Dear Shruti,

I am sorry that you are in this situation. First of all, please try to look at it from your partner's perspective. It isn't easy to confront your parents and it's even harder when they stop communicating altogether. Having said that, I also understand how it is for you. It is not fair, especially in today's day and age, to face discrimination based on caste.

You have two options:
One, you wait patiently, emotionally support your boyfriend, and hope that his parents come to their senses and realize that we are living in 2024, and caste-based discrimination is ridiculous. In this scenario, you do have to let go of your self-respect and have to face many more hardships, that much is guaranteed.

The second option is you hold your head high and move on. Yes, it isn't what you hoped for when you emotionally invested in building this relationship, but unfortunately, these things are still happening. In this scenario, you will be sad for a long time, but you don't have to compromise on your self-respect and you will move on and live to see happier days with someone who respects you and sees you for who you are and not your caste.

Now, the choice is yours.

Best Wishes!

Ans: Hello. First and foremost, thank you for contacting us. It is good to hear that you want to study in the USA. For Canadian citizens planning to study in the US while residing in India, gaining a visa stamp becomes important. Let me tell you that you can attend the interview in India,but stamping will be done in Canada or USA if you opt for courier service. If you have any other questions related to your education in the US, feel free to contact us. We assure you good guidance for the bachelor’s and master's programs. Also, we have coaching for TOEFL, IELTS, SAT, GRE, GMAT, etc.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.

Ans: Hello,

Given your investment amount and goals, here are some suggestions:

Investment Strategy:

Additional SIP:
Invest the additional ?2,000 in a diversified equity mutual fund to balance your portfolio.
Choose a fund with a track record of consistent performance and a lower expense ratio.
Goal of 15% CAGR:
While aiming for a CAGR of 15% is ambitious, it's crucial to understand that higher returns generally come with higher risks.
Opt for a combination of equity and debt funds to balance risk and return.
Consider small-cap or mid-cap funds for higher growth potential, but be prepared for increased volatility.
Term Insurance:

Coverage of ?1 Crore:
You can consider term insurance plans from reputable insurers that offer coverage up to ?1 crore.
Compare premium rates, features, and claim settlement ratios before choosing a plan.
Claim Settlement Ratio:
Look for insurers with a high claim settlement ratio, indicating their reliability in settling claims.
Avoid insurers with a history of low claim settlement ratios or negative reviews.
Remember, while aiming for higher returns, it's essential to assess your risk tolerance and invest accordingly. Diversify your investments across asset classes and regularly review your portfolio to ensure it aligns with your financial goals and risk profile.

Consult a Certified Financial Planner for personalized advice tailored to your needs and financial situation.