ReLakhs Forum - Recent Topics

How do you manage all your financial information?

ArjunC — Fri, 21 Aug 2026 06:23:48 +0000

How do you currently keep track of your investments, insurance policies, loans, bank accounts, credit cards and financial goals?

One spreadsheet? Multiple apps? A financial advisor? Or do you simply keep everything separately?

I'm wondering whether there is a practical way to get a consolidated view of personal finances.

Require clarification on missing field in accepted ITR2 (amount/value in field is showing zero)

Kanta Malini — Sun, 09 Aug 2026 05:30:35 +0000

The "Intimation u/s 143(1)" for ITR2 clearly says "Your Return for A.Y. 2026-27 has been processed. There is no payment due." But there is a discrepancy in the same document. For the Reporting Head, row numbered 13 "Total Income ", the amount for both the columns "As provided by Taxpayer" as well as "As Computed u/s 143(1)" is correctly displaying the amount in figures (matching - no discrepancy). The next two rows 14 & 15 are also correctly displaying the amount as "zero" for both the columns (no discrepancy). However, in the row numbered 16 "Aggregate Income " the amount column "As provided by Taxpayer" is missing - amount is showing zero.

Is this normal? On the face of it, this discrepancy appears to be a defect/bug
Is it ok to dismiss / ignore it?
Else, what steps to be taken...?

Please see the data tabulated below - Not sure about the formatting.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Sl.No. Particulars Reporting Heads Amount in ₹
------------------------------------------------
As provided by As Computed u/s
Taxpayer 143(1)
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12 CHAPTER VI-A Deductions Under Chapter VI-A 0 0
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13 Total Income XXXXXX XXXXXX
14 Income which is included in 13 and chargeable to tax at special rates 0 0
15 Net agricultural income/ any other income for rate purpose 0 0
16 Aggregate Income 0 XXXXXX
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

I had a service period of more than 5 years(Multiple companies) and currently I'm unemployed for more than 6 months. I want to withdraw my pf (>4 lakhs) , so am I eligible to fill form 121 if not how can i avoid tds ?

Mahesh@1397 — Tue, 05 May 2026 16:41:04 +0000

I had a service period of more than 5 years(Multiple companies) and currently I'm unemployed for more than 6 months. I want to withdraw my pf (>4 lakhs) , so am I eligible to fill form 121 if not how can i avoid tds ?

Best Ways to Build a Strong Corpus for My Child by Age 18?

sriraj9 — Sat, 28 Mar 2026 10:24:28 +0000

Hi everyone,

I’m looking for suggestions on the best investment options for my 22-month-old daughter. My primary goal is to build a substantial corpus by the time she turns 18, mainly for her education and future needs.

Last year, I already started investing in Sukanya Samriddhi Yojana. Along with that, I’m exploring other investment avenues that can provide good long-term growth.

Could you please share your recommendations on:

Best investment plans(MF or if any) for long-term (15–18 years horizon)
Balanced options between risk and returns
Any specific funds, policies, or strategies that have worked well for you

Note: I already have term insurance (Tata AIA Maha Raksha Supreme Select) and health insurance (HDFC Ergo), so I’m primarily looking for investment-focused suggestions.

Thanks in advance for your insights!

Mutual Fund Support

ahujarahul.2209 — Tue, 03 Mar 2026 10:04:13 +0000

Hi Sreekanth,

Hope you are doing good!

I have been following your blogs for a long time. I have query related to my current MF portfolio.

Currently, I am investing in below funds for a year now. Need your review if I should continue or switch to any other.

Parag Pareekh Flexi Fund- 3000

HDFC Hybrid Equity Fund- 2000

TATA Small Cap- 2000

UTI Nifty Index fund- 2000

UTI next 50 index fund- 1000

PF WITHDRAWAL

Anand — Fri, 30 Jan 2026 06:45:21 +0000

Dear Team,

I was working as a full-time employee till June 2024. Later i started Freelancing services and have not taken any full-time employment. I have a PF account along with UAN number. Now, i want to understand the below as i have purchased a new flat and the registration is completed. I will be moving in to the new flat in 1 month time.

1. Can i still continue my PF account even though there is no PF amount being deposited?

2. In case i continue, will i get the PF interest rate, or will it be reduced?

3. In case i continue, during the time of withdrawal after say 5 years will this total amount be tax free or will i be taxed?

4. If i want to withdraw the complete amount in 1 WEEK, what will be the tax applicable and what % of the amount i can withdraw?

5. Is it advisable to keep the PF as it is or withdraw and repay a part of the home loan or use this and invest in SIP?

Thanks

Regards

Anand

Which is the best investment option for kids future education for long term plan?

Naveen — Wed, 28 Jan 2026 16:09:09 +0000

Please suggest best investment option for kids future education for long term plan?

Long term portfolio review

anuj — Wed, 31 Dec 2025 03:10:52 +0000

Hi Shreekanth, How are you doing. It's been years to contacted with you. Not sure if you remember we had connected earlier on this forum. Good to see yours blogs and continuously making efforts with newly informative content.

I would like to touch base with you on my portfolio once. Please let me know.

I sold Gold Coin within 2 months of receiving the gift from spouse. Capital gains in FY25-26/AY26-27...?

Kanta Malini — Thu, 11 Dec 2025 10:43:01 +0000

Qn Title: I sold Gold Coin within 2 months of receiving the gift from spouse. Capital gains in FY25-26/AY26-27...?

Every year I file NIL Returns through ITR-1 and in this financial year 2025-26/AY2026-27, I received Gold Coin as Gift from my spouse and I sold it within two months in the same financial year 2025-26/AY2026-27.

1. Does the gold coin sale result in Capital Gains for me in financial year 2025-26/AY2026-27? Or can I still continue to file NIL Returns?
2. If the gold coin sale results in Capital Gains, should I file using ITR-2 or can I file using ITR-1?
3. Will the gold coin sale be considered as Short-term Gains or Long-Term Gains?
4. If Short-term how will tax be calculated in my case?
5. If Long-term how will tax be calculated in my case?

Mobile number update in ICICI Bank account

Sreekanth Reddy — Sat, 30 Aug 2025 07:53:54 +0000

Hi team,

I have recently changed my primary mobile number.

Is it possible to update the new contact number via icici bank internet banking without visiting icici bank branch?

Please advise!