DWQA User Profile SreekanthQuestions(4)Answers(3769)Posts(0)CommentsAllocation depends on your financial profile and goals. You may consult a fee-only financial planner..On Answer for Technology and Pharma mutual fundsApologies for my late response!On Answer for Many thanks sreekanthIf the transaction is done online, the funds can be quickly credited. In the case of cheque deposits, there could be some delay. You may try buying units from AMC websites directly.On Answer for NAV DATEDear Amir,You can get the funds transferred from two of our old EPF accounts to the latest EPF account. The previous two UANs get blocked on successful transfer of funds.You can then try withdrawing the entire amount from the latest EPF account.(Request you to submit a NEW QUESTION, a separate thread, if you have any further queries in this regard..)On Private: Answer for EPF withdrawal – Multiple UANs & EPF accountsSo, there is no need to show it in ITR. But, if its huge lump sum amount then advisable to get formal agreement done (assuming the amounts are taken in non-cash mode).On Answer for ITR and loanHi..As per recent update, an EPF member can himself update Date of Exit through UAN portal. Kindly try if you can update the details by yourself.On Answer for EPF CLAIM REJECTED – No cont shown from 02/15 to DOE in mem ledgerWe have a Whatsapp group for few of my blog readers only. If you would like to joint it, do let me know!We discuss all topics to Personal Finances.Note that your number will be visible to other group members. On Answer for Pf withdrawal offlineHi..I believe you yourself can update the DoB. Also, you may escalate the issue with the EPFO about your employer's non-operation..On Answer for Pf withdrawal offlineHi..I believe an EPF member can link (seed) an EPF account to the activated UAN..kindly check in UAN portal...On Answer for Pf withdrawal offlineKeep visiting ReLakhs . Cheers!On Answer for Pf withdrawal offlineYes, looks like your Claim is 'under process', kindly wait for few days for them to accept/reject the claim.On Answer for Pf withdrawal offlineIf it's excluded from the cost (brokerage) then I believe that you can claim it as cost of acquisition. You may kindly re-check with a CA as well!On Answer for How do I calculate Capital Gains on shares?Hi.. You may switch from Franklin fund to some other fund can be to your existing HDFC Mid-cap fund.On Answer for What to do with non performing mutual fundYes, you need to disclose it in ITR..On Answer for Which ITR to be used for AY 2020-21?Ideally one should not mix insurance with investments. On Answer for LIC Jeevan Shanti versus Post office time deposit / NSCStay safe and take care sir. Happy retired life!On RETIREMENT BENEFITS – INVESTMENT & Tax LiabilityHi..Banks generally issue TDS certificate (if any) in the name of Primary account holder, unless you submit a special request to them. So, the tax liability will be with your father.If you are gifting this amount then you can show it in your Income Tax Return under 'Exempted income' section.On Answer for Tax implication in joint saving accountHi.. If your objective is 'wealth creation' then advisable to invest for long-term, with a property asset allocation and re-balance strategy.On Answer for INDEX FUNDS – Investment2 to 5 days from claim settlement date..On Answer for For PF claim settlementAlso, what is your investment horizon?On Answer for Invest in two of the same type of mutual fundsLink : epfigms.gov.in/On Answer for EPF transfer – approved amount is zeroYeah, it may take sometime to get the latest claim status updated in passbookOn Answer for EPF withdrawal issueHi.. you may switch from ICICI disvocery fund to any hybrid Equity fund. Ex : HDFC Hybrid Fund. You may continue with other funds.On Answer for Highest returns for lumpsum investment in Mutual FundsHi..Are you referring to Axis ESG NFO ? If so, you may ignore it.On Answer for Highest returns for lumpsum investment in Mutual FundsHi,As four of you are legal heirs, all of you have have ownership right in the property.You can get the Mutation (Khatha/Patta) transfer done to your names and sell the property.On Answer for Property rules and tax implications?Hi.. Suggest you to kindly post your Query as a separate Question..!On Answer for Review on Mutual fund portfolioThank you for sharing your views!On Answer for Advice on home loanThank you for sharing your views!On Answer for Stock investmentsThank you for sharing your views and suggestions!On Answer for Regarding Recent Stock market CrashHi..I primarily invest through icicidirect, fundsindia and direct AMC websites..On Answer for Please suggest one Hybrid fund for Core MF PortfolioAlso, don't keep your entire savings in one bank.On Answer for Should I continue Yes Bank with my Saving and FD account?Hi.. I believe it is not considered as a taxable income. You may cross-check with EPFO/employer as well.On PF withdrawal due to layoff before 5 years periodYou are welcome! Keep visiting ReLakhs.com!On Answer for Expense of removing name of co-owner in a Joint propertyI believe that you may have to consider 'Date of Registration' in this case..On Answer for Query Regarding Sec 54Hi,As you are investing for long-term goals, you may continue your investments in mutual funds. For list of schemes, suggest you to kindly go through below mentioned articles (links)On Answer for Chit Fund or SIP better?May I know your investment objective (financial goal) for picking mutual funds and also your investment horizon?.?On Answer for Chit Fund or SIP better?May I know the CAGR (returns) of your MF portfolio since 2012 to till date?Also, MFs are more transparent, flexible and liquid.On Answer for Chit Fund or SIP better?Hi.. The charges in case of Gift Deed Registration would be very minimal when compared to other forms of Deed Execution. You may visit the respective State Registration Department portal and check for the applicable charges.On Answer for Regarding LTCG taxation on Sale of Property (inherit)Another option is .. You can make route future SIPs to Franklin Prima / HDFC Mid-cap opp fund and hold on to the existing units in UTI Midcap fund.On Answer for UTI Mid cap fundHi.. If you are planning to take up aborad assignment for a long-period and/or would like to have control on your funds (liquidity, ease of managing the funds, service quality..) you may withdraw the PF Funds and re-invest as per your requirements.On Answer for Going abroad for long and would not like to withdraw EPFHi...You need to take the decision based on your Financial Goals & Asset allocation strategy. For example : If you have been adequately investing in risk oriented investment products like Muutal funds, shares etc for your financial goals then you may keep the pf balance as it is. But do note that the interest earned during 'non-contribution' phase is a taxable income.In your case, the interest income during 'contribution phase' (<5years) is also taxable as the service period is less than 5 years..On Answer for Going abroad for long and would not like to withdraw EPFBut, do continue with your other investments as per your Financial goals..On Answer for Should I continue my ELSS if I am moving abroad?If so, suggest you to kindly continue with your investments..On Answer for Mutual Fund Investments : My Portfolio ReviewYou may consider your exiting Franklin Smaller Cos fund itself.On My MF Portfolio AnalysisIt is legal but PA should have been done in a legal way. On Answer for Buying plot with GPA in BangaloreYes. Kindly keep the medical bills safe for your future reference..On Answer for IT deduction (Medical expenses – Very Senior citizen)If so, kindly go ahead with your case @ consumer court, do consult a trusted civil lawyer as well. Speak to your lender on this as well and advisable not to skip paying EMIs (as of now)..On Answer for Double dealing by the BuilderDid you consult a Civil lawyer? If yes, what is their advice??On Hindu sucession act 1956You are welcome! Keep visiting ReLakhs.com ...On Answer for Advise on reinvestment of Interest moneyYou may go through the suggested article in my earlier comment, it has the list of all popular investment options..On Answer for Investment suggestionsHi,If it is not explicitly been mentioned in the policy wordings then kindly do not worry! On Answer for Pure Term Insurance lumpsum plan queryJust to add to my abv response..Can NRIs claim rebate under section 87A?No, this rebate is only allowed for Resident Indians. Therefore, taxpayers qualifying as non-residents are not eligible for a rebate under 87A.On Answer for Budget 2019 – Tax query – Income from House PropertiesHi.. You can get Khatha done for individual homes after the completion of the Construction and after receiving the Occupancy certificate. You may kindly take help of a trusted local civil lawyer.On Answer for Khata transfer requiredYou are welcome. Keep visiting ReLakhs.com !On Answer for MF Portfolio review – Long term investmentYou are welcome, keep visiting ReLakhs.com !On Answer for Regarding LTCG taxation on Sale of Inherited PropertyYou are welcome! Keep visiting ReLakhs.com . On Answer for EPF Withdrawal Not ProcessedDear Raja.. Advisable to take help of a fee only financial planner (one to one consultancy).On Answer for Need suggestions regarding my MF SIP investmentsThank you for sharing your views!On SBI Home LoanHi..If your investment horizon is long term kindly do not get worried about short term volatility in markets.You may continue with your investments. Keep a track of the Fund's performance with its benchmark and its Peers for at least 1 or 2 years and then decide. On Mutual funds (Select Focus Fund)Ok..will check on this error. Thank you for letting me know this..On Answer for Portfolio review (long term savings)Hi..It is a matter of one's convenience and job/income stream profile. Watch out if you can claim tax benefit in full. On Answer for Term Life Insurance PNB_Metlife Mera Term Insurance PlanMay I know the expected investment horizon for these investments??On Answer for Portfolio review (long term savings)Dear Hima Bindu,I would be opt for Option B.(There is no right or wrong approach here, it's a matter of convenience and discipline.)On Answer for SIP for Child EducationHi..My suggestion is, instead of creating one more layer, you can directly invest the funds for long-term (if your final goal is to create long term wealth).On Answer for Long Term Wealth CreationIf your investment horizon is long term, you can pick Equity funds + Debt funds for long term and remain invested. Advisable not to redeem units and then re-invest the profits on a short term basis.On Answer for Long Term Wealth CreationThank you for your appreciation! Keep visiting ReLakhs..On Answer for EPF Withdrawal for repayment of Home LoanDear Sumit,If you have withdrawn (full) PF then that particular period will not be considered under total service period.So, kindly check if you have total 10 years service period (without including this 3 year period).On Answer for EPF Withdrawal for repayment of Home LoanHi..Generally, they re-fund EMD within 30 to 45 days. On Answer for How to proceed with BDA e-auction injusticeHi.. This can be a temporary Technical issue. You may kindly wait for sometime and then re-try. You may also submit your grievance to the EPFO at http://epfigms.gov.in/On Answer for Regarding Online EPF Withdrawal Claim RequestDear Vish,Tax audit applicable if income falls within the ambit of tax audit. Trading of Shares is different from trading in mutual funds. The later may not be treated as 'Speculation business', hence tax audit is not required.You may kindly consult a CA as well.On Answer for Query on Tax Audit under Sec 44ABDear Vinayak,Ok. You may try offline claim.Henceforth, suggest you to post your query as a new 'Question' by clicking on 'Ask Question' menu tab. Cheers!On Answer for MAXIMUM NUMBER OF ONLINE PF CLAIM SUBMISSION HAVE BEEN EXCEEDEDAlso, suggest you to post your views as Comment instead of an Answer. If you post it as an answer then the thread gets re-opened. Hence, this suggestion!On Answer for Worried over small and Mid cap fundsDear Vikas,Thank you for answering the queries and sharing your views here. Appreciate it!But, request you not to provide back-links in your answers/comments.Instead, you can openly disclose your Company name, designation and signature at the end of your Answer(s), I do not have any issues with that...On Answer for Worried over small and Mid cap fundsHi..The asset allocation is ok as of now, but you may have to review your portfolio and go for portfolio re-balancing as you approach your Goal target year(s).On Answer for Can you please advice on my MF portfolio?You may kindly use the calculator available in this article @ https://freefincal.com/insurance-calculator-for-the-young/On Answer for Term & Health Insurance – SuggestionsHi..There is no best or worst here..it depends on your personal choice/convenience.. If you are ok to bear higher premium for Limited pay and pay all the premiums when you are young and earning well, you can opt for Limited pay.On Answer for Term & Health Insurance – SuggestionsHi,No, generally there wont be any condition like that (unless it is clearly stated in the Policy document).On Answer for Term & Health Insurance – SuggestionsICICI Prudential Equity & Debt Fund(Erstwhile ICICI Prudential Balanced)On Answer for Debt mutual fundsHi..Suggest you to kindly post your queries as a new Question (separate thread). As, our Q&As are sent as emails to the reader who has originally created this thread. Thank you!On Answer for Long term capital gains (Sale of Property)I believe that they are misleading you. You may kindly consult a local civil lawyer or real estate agent.On Answer for E KHATHA BIFURCATIONHi.. Kindly go through above suggested article to know about the eligibility conditions..On Answer for about PMAYHi..As your investment time-frame is long-term, you may remain invested in it. But kindly note that sector or theme based MF Schemes do carry higher risk profile.On Answer for L&T Infra Mutual FundHi..Ideally, EPFO should not deduct TDS. But kindly note that your PF claim amount is a taxable income and you need to include it in your income tax return.On Answer for Is there any TDS deduction for EPF withdrawal below 40000Oppss..oh ok.. You are welcome!On Answer for My New PortfolioHi.. May I know your query in the above follow-on comment??On Answer for My New PortfolioHi..As far as I know there is no change in the LAW.. may be, this is an internal change of procedures in your Organization. Kindly contact your employer.On Answer for Telephone ReimbursementHi..You may receive the claim amount within 2 to 5 business days from claim settlement date.On Answer for Wrong Exit date in UANYou may do so at http://epfigms.gov.in/On Answer for Wrong Exit date in UANHi..Ideally the name format (first name, middle name & surnames) should be the same across UAN - PAN - Aadhaar cards.On Regarding PF withdrawalHi..The other balanced fund you may consider is Aditya Birla Sun Life Equity Hybrid ’95 Fund. On Answer for Portfolio OverlapHi..Suggest you to kindly take help of a CA.On Answer for ITR filing NRIsDear Shital.. Your ex-employer has to udpate the Date of joining and Exit. You may contact them for this to be done.On Regarding PF withdrawalHi..I believe that once you register yourself in BDA e-procurement portal, you will have access to all the required documents that need to be submitted. On Answer for BDA e-Auction Documents attestationHi.. The proposed changes are officially available in the AMC website. On Answer for Lump sum investment for Long Term GoalsHi..Probably, you may have to consult a CA. In case, you find a valid and right advise, kindly do share it here, can be useful to all of us, thank you!On Answer for Taxation on FD interest | Premature closure of FDYou are welcome! Keep visiting ReLakhs. Thank you!On Private: Answer for Agriculture land purchaseHe can invest lump sum amount if he chooses to invest in Debt oriented funds..On Answer for First time MF investmentYou are welcome! Sure. Cheers!On Answer for Section 80c query (ELSS Funds)Hi..Then, you may kindly get the name corrected in EPF UAN through online request..Kindly go through the suggested article link..On EPFO Name Change Request ProcedureYou are welcome! Keep visiting ReLakhs 🙂On Answer for Retirement planning AdviceYes sir... kindly read it as 'proper' ... cheers!On Answer for Direct EquityHi..max within 30 days..On PF Transfer from previous to present EmployerHi..I believe that you need to submit the physical print copy of the transfer claim to the employer (present/previous, based on your selection).On PF Transfer from previous to present EmployerDear Sir.. Based on the provided info, it looks fine. Suggest you to also consult a CA in person and get this reviewed!On Answer for Income Tax return efiling: How to report cash deposited during demonetization periodHi.. Kindly login with your new UAN credentials and submit the transfer claim.On PF Transfer from previous to present EmployerHi.. I currently do not have any references...On Answer for Clarification on Residential Status as per Income Tax ActHi..I have given the general guidelines in the first article.. kindly follow them.. In case, you still would like to send the file then you may share it to sreekanth@relakhs.com . On Selection of multicap fundHi..You may kindly check the IT notice for the applicable section under which you can re-file your ITR. Suggest you to kindly consult a CA.On Answer for Regarding tax noticeHi,There are 10s of good Equity schemes. One of it is definitely Franklin HGC fund. You may consider it.Kindly go through the above two articles, can be useful to compare and shortlist funds from same fund category.BOI Axa fund was launched in 2016, relatively new scheme under Hybrid equity oriented schemes, given a choice I would put my money in a fund which has a long track record. For ex : HDFC Balanced fund under this hybrid - Equity category.On Answer for NRI – Investment advise for 5 yearsHi.. If your surrender or discontinue the plan after 3 policy years then Plan will become a PAID-UP one. To know about the exact surrender value, you may kindly contact LIC or your agent.On unfortunate event, your nominee will receive the Sum Assured + Accrued Bonuses + FAB (if any) immediately.On About Lic Jeevan LabhHi..You may kindly go ahead with your investment plan and allocation.On Answer for ELSS (Tax Saving MF)Hi.. You may consider investing in a Short term Debt fund (Ex Franklin Low duration fund) or in a conservative MIP fund like SBI MIP Floater fund (this category has higher risk profile than short term debt fund).On Answer for Lumpsum investmentThank you, keep visiting ReLakhs!On Answer for LTCG on an under construction propertyDear Mohammed Sir.. The above blog reader's comment is directed to me, I have advised the concerned person to post queries in a new thread.. cheers!On Financial Planning Advice (Senior Citizen)Hi Pradeep,I am assuming this is for AY 2017-18.Yes, if there are additional taxes to be paid. You can revise/rectify your ITR, pay dues and close this.Suggest you to kindly consult a CA in this regard.On Income Tax (Compliance Notice)Hi..Suggest you to go through above provided articles! (Next time, request you to kindly post your questions as NEW QUESTIONS by clicking on ASK QUESTION menu tab. Thank you!On Answer for Family Health Insurance PlanHi,You may consider diversified equity fund + Medicap/small cap fund.For ex : Franklin High Growth Cos fund / Birla Equity fundMirae Emerging Equity fund / HDFC Mid-cap opp fund.On Answer for Mutual fund investment in present scenario…Hi..You need to send the claim forms to the EPF Blr office only (the office where your EPF account is being maintained and administered).On Answer for EPF FORM 10C REJECTIONHi,Looks fine to me!If you have additional funds, you may kindly use this market correction to make some additional investments in Diversified or Mid cap funds. I believe that markets may remain volatile this calendar year and will give good opportunities to make investments. On Answer for Equity MF Portfolio ReviewDear Kumar,Given a choice, I would make additional investments in Diversified equity funds or Mid/Small cap funds now for my long-term goals. Or Even in ELSS funds for accumulation + tax saving.On Answer for Can you please advice on my MF portfolio?Suggest you to kindly post your query in a new thread.Kindly login to forum with your login credentials. Click on Ask Question in top menu bar and post your query as a new question. Thanks!On Answer for Regarding Online EPF WithdrawalDear Audrey .. Did you apply for EPS withdrawal through Form 10c? May I know your total service period? On Answer for Regarding Online EPF WithdrawalKindly follow it up with your employer!On Answer for Aadhar epfoHi..Yes, the bonds purchased from 01-Apr-2018 will have lockin period of 5 years from FY 2018-19 onwards.On Answer for Long term capital gainsHi,The lock-in period of these bonds have been increased from 3 years from 5 years from FY 2018-19, as per Budget 2018-19.If Bonds are issued on or after 01-Apr-2018, their lock-in period would be 5 years.On Answer for LTCG Tax exemption on Sale of PLOTHi,The lock-in period of these bonds have been increased from 3 years from 5 years from FY 2018-19.If Bonds are issued on or after 01-Apr-2018, their lock-in period would be 5 years.On Answer for Long term capital gains (Sale of Property)Your reply :Thanks Sreekanth ji. I discussed with a CA in my company, he is also of the opinion that LTCG can be offset by LTCL if it is in the same financial year. As per him there is no provision to carry forward LTCG. Had i sold the loss making property first, it would have been possible to carry forward LTCL, but since i sold LTCG making property first, LTCG can be offset against LTCL in same financial year only. As per him, the complete deal for selling LTCL making property has to be concluded before 31/03/18. If it is not possible, then it is better to invest the money in capital gains bonds before 15/07/18.On Answer for Offsetting LTCG with LTCL on Sale of PropertiesYou may kindly check this with your employer.On Answer for Layoff gratuity benefitYou are welcome. Glad to know that you will be paying lesser Rate of Interest..On Answer for Education loan (Switch to MCLR system?)Kindly read :https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/On Answer for Mutual Funds Investment – Debt fund & Equity fundsOk. You may continue with your investment plan..On Answer for Long term SIP for 20 years (AB Frontline Equity fund)Dear Arvind..You may receive it in next few days as EPFO may take 2 to 5 days to transfer the amount (from the date of claim settlement).On Answer for Epf offline claimDefinitely dear..On Private: Answer for NRI – Needed advice on Investment and InsuranceHi..No one! That's why our tax filing procedure is called as SELF-ASSESSMENT. Always advisable to be as honest as possible! In case, you receive any IT scrutiny notice, you may have to justify your stand (ITR).On Answer for Can the rent portion of Let Out Property be zero?Hi..No one! That's why our tax filing procedure is called as SELF-ASSESSMENT. Always advisable to be as honest as possible!On Answer for Can the rent portion of Let Out Property be zero?Hi..You are welcome! Keep visiting ReLakhs.com !On Answer for Share in propertyHi..You mean to say that home loan facility is not available for under-construction properties (properties which are not registered at a Sub-registrar office)?On Partial withdrawal from epf account for land purchaseI think this plan has been classified as an ULIP pension plan.On Answer for Regarding an Insurance plan of ICICIYes. It is not SHOULD but CAN 🙂On Answer for Need suggestions regarding investment in mutual funds schemesHi,Kindly note that the Funds' portfolios change over a period of time.The key point to note here is, to maintain a minimalist portfolio. Easy to track and convenient. But, there is no right or wrong approach. Given a choice, I will pick 1-2 mid-cap funds with same allocation as for four funds (%). On Answer for Need suggestions regarding investment in mutual funds schemesHi,Request you to post your queries in new 'Forum thread' (new question) from next time!Individually all the listed funds are good ones. However, you have four Mid-cap funds. Suggest you to check their portfolios overlap. In case, the overlap among these funds is say more than 40 to 50%, you may consider trimming down your portfolio a bit. Higher allocation to mid-cap funds is fine, as your investment time-frame is very long-term.Related articles :https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/https://www.relakhs.com/calculate-kids-education-goal-amount/https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/On Answer for Need suggestions regarding investment in mutual funds schemesHi..Small or big, can vary from individual to individual. SIP or lump sum, no right or wrong answer.In the current scenario, STP can be a better option (or) investing in 2 - 4 installments on the days when markets fall can also be considered (if one has time and interest to track the markets).On Answer for Lump sum vs sip investment in present scenarioThey are consistent performers. In case, you are planning to add one more fund in future, you may consider a scheme from a different AMC!On Answer for Mutual Fund Portfolio review for 20 yearsIf one is totally dependent on regular income from SWP then setting up SWP for Equity funds can be a risky bet. Debt oriented funds can be relatively safer bet.On Answer for SWP – Is it a realistic strategy?Hi..You may refer to my article on Best Equity funds. You may consider funds like Birla Equity, Franklin Prima plus, HDFC Mid-cap / Mirae Emerging Equity etc.,On Answer for Bajaj Alliance Future gainAdvisable to have..On Answer for Health Insurance for NRIsDear Prakash.. Suggest you to kindly post a new question (separate forum thread). On Answer for Mutual Fund Portfolio review (Long-Term horizon)Hi.. I have been informed by many blog readers that most of the banks/PO have not yet received any official guidelines on how to close the NRI PPF accounts . May be we have to wait for few more days/weeks.On Answer for Closure of PPF account after becoming NRIHi..Asyou are picking Franklin Smaller Cos fund, which is a small cap oriented fund, then that should serve the purpose I believe..On Answer for Child Future Planning (Portfolio Allocation)In case, you need a health insurance plan in future in India, it can be a costly affair (due to age factor)..On Answer for Health Insurance for NRIsIf the answer is YES for the second condition for FY 2016-17, then it holds good even for FY 2017-18.On Answer for Resident or NRI for ITRYes sir, your understanding is correct!On Answer for Short Term Capital Gain on Mutual FundsHi..Its fine to invest in a dynamic bond fund for long term. You may retain HDFC Balanced fund and may move out of UTI opp fund and SBI emerging fund. Can consider adding one multi-cap fund and a new mid-cap fund, ex : HDFC mid-cap opp or Mirae Emerging blue chip etc.,On Answer for Investment planning & Review (MF Schemes)If possible, kindly do provide the information, if you get any from a lawyer..can be useful to all of us!On Mother’s propertyI believe that you may not be eligible to get a share, but I am not 100 % sure on this. Suggest you to consult a civil lawyer and can approach the court.On Mother’s propertyAs I said there is no right or wrong approach. The said suggestion is my view! There is a valid point in your view as well, as some good fund managers do allocate significant portion of fund corpus to mid-cap companies based on market conditions. So, challenge can be to identify such funds. (Ex can be L&T value fund). On Answer for Balanced fund – 25 years GoalYes, the tax slab rate is applicable based on the total income from all Heads of income/sources. On Salary & business loss – Set offHi..May be the EPFO is updating the records batch wise. You may wait for few days or may contact the EPFO/your employer.On Answer for Interest on accumulated PF amount is not accurateBased on your response, I strongly believe that you may plan for your retirement than to buy a property. You may go through the suggested article to check the projected retirement expenses and required retirement corpus.On Answer for Buying a Flat @ 43 years of age or notHi, you can view all the linked member-IDs to an UAN. An employee can have multiple member-IDs linked to one UAN. But, one needs to transfer the funds from all old EPF accounts to latest/current one. One can view old EPF accounts and the service period gets carried forward.On Answer for PF Advance for Home LoanShould be ok. You may share the status update here..can be useful to other blog readers as well. Thank you!On Answer for Regarding Online EPF WithdrawalHi, Have you transferred the funds from your old EPF account to new/current EPF account?On Answer for PF Advance for Home LoanYes, they can be filed as cumulatively ..On Answer for LTCGOk. The portfolio overlap among these two funds is around 33%, which is ok, but both funds have higher allocation to Large cap stocks. In case, you can afford to take more risk, you may consider Birla tax relief 96, portfolio overlap is around 17% in this case. Birla fund has around 50% allocation of its corpus to mid-cap stocks.On Answer for Investment advice ELSS FundsHi... Ex : Franklin Prima plus & HDFC Mid-cap opportunities fund.On Answer for Financial Planning (MF investments)Sure. You are welcome! On Answer for Transfer of Ownership of Flats after Joint member/spousal deathHi,As per the latest news reports, the EPFO is planning to revise (downwards) its earlier announced rate @ 8.65%..the board is going to meet this month end (Sep) and finalize the new rate it seems..so let's wait couple of weeks more..On Answer for EPF A/c Interest not CreditedHi..I am not very sure on this! Let's for the official notification..On Answer for Gratuity 20 lakh for PSUHi..Death & Pre-mature exit are not two different options.On death of the husband (contributor), the spouse (wife) can take premature exit from the schemeThe other option given to her is to continue with the APY scheme and contribute (till husband's age of 60 years) and then take pension amount life-time.On Answer for Atal pension yojana – claimHi.. Yes, contributions till death of original subscriber + some interest on that will be refunded, if APY account is closed.I am not sure on the time-line part.On Answer for Atal pension yojana – claimHi Amala ji,You can either close the APY account, get the lump sum amount now (or) can continue the APY account and get the pension of Rs 5,000.The lump sum amount that is refunded can be the contributions made by your husband to APY, along with the net actual interest earned on the contributions (there is no clarity on the % of interest).Else, you can continue the contributions for the remaining period (till original subscriber's age of 60) and you can get the pension amount for life-time.On Atal pension yojana – claimYes, if you are not contributing to EPF scheme now, you can withdraw full EPF balance..On Regarding EPF (Inoperative EPF account)Hi..You may make it as PAID-UP (just discontinue the policy). On Discontinuation of Endowment planHi ..Suggest you to kindly go through the mentioned articles, you may find them useful.On Mutual Fund Lumpsum In Liquid/MIS/Arbitrage; STP to Equity fundsKindly go through this article : NRI Residential status calculator @ http://www.relakhs.com/residential-status-calculator-nri-taxation/Kindly post your Queries in seperate thread (New Question by clicking on 'Ask question on top menu bar).On NRI Tax QueryHi...Equity mutual funds are one the best investment avenues for long-term. SBI balanced fund is a good option. But you may consider 2 to 3 funds instead of just one fund.Kindly post your queries as a separate Question. Plz click on 'Ask question' on top menu bar to publish your Questions. Thanks!On Answer for Lump sum Investment optionsYou are welcome. Kindly share the Blog posts with your friends 🙂On Answer for Need advice on my existing Investments & Financial PlanningBelow is your reply, which you have posted as a seperate Question. As this is related to same Question, I am pasting it here in this thread itself..."hi srikanth,Thanks for your reply, we have invested in ULIP Birla Maximizer for 6years and to make our principle safe thought debt is safe made a switch from EQUITY: Maximizer to DEBT: Income Advantage Fund, this we did on 25th jan 2017 amount is 4,76,000 , upon curiosity when we checked the Fund value of the Debt Fund : Income Advantage, on Feb 8th 2017 they told us its 4,63,000. My Question was within short span of 13 days how can debt fund reduced by 13 thousand. Usually Fund house people say that Principle is safe in Debt Funds. Is this our lack of knowledge or what i am still not clear. But u r answers are good to know about these things.As u asked our investment timeframe is another 3 to 4 years for this ULIP as it will reach 10years.Please kindly advice further on this .Regards,Hari "On Answer for Birla ULIP – Income Advantage FundYes dear Roshan..On Answer for Home Loan Tax Benefit – No rent receivedHi..You may consider Gilt fund and/or one Dynamic bond fund too! You may go ahead with lump sum investment.On GILT FUNDKindly use the premium calculator(s) which are available with almost all insurance providers, on their respective websites.Kindly note that life cover is required if you have dependents and/or have financial commitments/liabilities.On Answer for Need advice on Retirement and financial planningPersonally, I suggest to buy a term insurance plan for life cover and Mutual Funds for long-term wealth building. On Answer for Need advice on Retirement and financial planningYes, you can claim..May I know your primary objective for your investing in these ULIPs? Are you planning to discontinue them after 5 years? On Answer for Need advice on Retirement and financial planningYes, you understanding is correct!On Answer for Health Insurance (Mediclaim)You have to tick the 'direct option' check box while filling the form (offline/in online application).On Answer for Direct MUTUAL FUNDS through CAMSHi..There is no limit as such on the quantum of money that can be transferred. If you opt for STPs from a debt fund to Equity funds then can't escape the tax implications.On Answer for Financial planning with retirement money for senior citizensDear Manish..Request you to post your query in a separate thread (New Question), by clicking on 'Ask Question' available in top navigation menu bar. Thanks!On Advice needed on existing LIC Endowment PlansThank you for sharing your inputs. Appreciate it!On Is tax on capital gains to be paid 100% by the next immediate advance tax payment date?Hi..It is considered as an Equity fund. On How is Capital Gains Tax on Shares and Mutual Fund Investment calculated?Dear Ravi..Thank you for sharing your views. Appreciate it!On Need advice on Investment – Where to invest EPF amount?Hi Ji, you may consider investing in balanced funds & BSL frontline equity fund.On Investment improvement – Mutual FundsHi..Request you to kindly post a separate question (independent thread). Kindly click on ASK QUESTION on top menu bar. Reason for asking this is the above blog reader will receive these new comments as EMAIL ALERTS which they may not like to receive. On Retirement plan for 55 year old.But let's say you deposit Rs 10 Lakh cash and get DD for buying a property then this cash transaction gets reported. On How to declare property purchases in ITR?No.On How to declare property purchases in ITR?Hi, there are better funds in Mid/Small-cap space than Sundarm S.M.I.L.E. fund. Ex - Franklin Smaller companies fund, DSP microcap etc.On Confused between SBI Blue Chip Fund & ICICI Focused Bluechip FundHi Dear,As mentioned in my 'answer', you may mostly receive Notice regarding this and then you can file ' rectification'. You may consider taking help of a CA in this matter.On ITR Query – Wrong Assessment Year – How to rectify?Hi..No demand & No refund for which AY?On ITR Query – Wrong Assessment Year – How to rectify?Dear Rajib, As you have a very long term investment horizon (20 years), you may consider investing the amount in Diversified Equity fund + Small-Cap funds. Ex : Franklin Primaplus / ICICI Pru Value Discovery Fund + Franklin Smaller companies fund/DSP Micro cap fund.On Fixed Deposit for Long-TermCrop
