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Aashish

Aashish Sood  |115 Answers  |Ask -

CAT, Management Expert - Answered on Mar 08, 2024

Aashish Sood is an IIM-Lucknow alumnus who has been teaching maths and quantitative aptitude to MBA aspirants for over a decade.
He also mentors management student hopefuls for the group discussion and personal interview rounds that follow competitive examinations.
He has appeared for CAT seven times since 2016 and scored in the 99.9 percentile.
Sood has 16 years of work experience as a management consultant, strategy consultant and research associate.... more
Utkal Question by Utkal on Jan 30, 2024Hindi
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Career

Dear sir I am 40 yrs and completed my graduation in BCA. Presently working in a manufacturing company as an assistant administrator. I have started my career in 2007 but my problem is I have not worked any company long period. So that where I go I am treated as an fresher. So my remuneration not up to market. Please guide or suggestions me any course or anything, where I can escalate my professional life

Ans: The big question here is "Why not a long career at any one company?"

Secondly, the long career is not really a requirement. When you switch, you seem to be lacking in negotiation skills. May be you would want to on that aspect as well!

Would you mind sharing what all courses etc have you done so far?
Asked on - Mar 08, 2024 | Not Answered yet
Apart from BCA in graduation no other courses done.

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Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Jun 23, 2023

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Career
Hi, I am working in one of the shipping line MNC, i handling there accounts receivable since past 6 years, before this, i was with airlines company, was handling there account payable profile. though its been 13 years of experince, i am not getting any growth and feeling like i am going no where in career. please guide me what option and suitable courses which will help me in my prifessional growth.
Ans: Hello Mahesh,

I understand that despite your 13 years of experience in handling accounts receivable and accounts payable, you are currently feeling stagnant and seeking guidance on suitable courses and options for professional growth. I can offer you some suggestions to help you progress in your career.

Continuous Learning: In the ever-evolving world of finance and accounting, it is crucial to stay updated with the latest trends, regulations, and technologies. Consider enrolling in courses or pursuing certifications that enhance your knowledge in areas such as financial analysis, risk management, data analytics, or international accounting standards. These will not only expand your skill set but also make you more valuable to your current and future employers.

Specialization: Assess your strengths and interests within the accounting field and consider specializing in a particular area. For example, you could focus on tax accounting, auditing, financial planning and analysis, or managerial accounting. Specializing can help you stand out from the competition and open up new opportunities for career advancement.

Networking and Professional Associations: Engage with professional associations related to accounting and finance, both locally and internationally. Attend conferences, seminars, and networking events to meet professionals in your field and expand your professional network. Building connections can lead to new career prospects, mentorship opportunities, and valuable insights from industry experts.

Seek Internal Opportunities: Explore potential growth opportunities within your current organization. Speak with your supervisors or human resources department about your aspirations for career progression. Express your interest in taking on additional responsibilities, cross-functional projects, or managerial roles. Taking initiative and demonstrating your ambition can lead to internal promotions or transfers to more challenging positions.

Consider Advanced Degrees: Depending on your long-term career goals, you may consider pursuing an advanced degree such as a Master's in Business Administration (MBA), a Master's in Finance, or a Certified Public Accountant (CPA) qualification. These qualifications can enhance your knowledge, provide a broader business perspective, and potentially increase your earning potential.

Personal Development: Besides professional qualifications, do not overlook the importance of personal development. Enhance your leadership, communication, and interpersonal skills, as these qualities are highly valued in managerial positions. Consider attending workshops or seminars that focus on soft skills development.

Remember that professional growth is a continuous journey, and it requires a proactive approach. Assess your goals, skills, and interests regularly to ensure you are heading in the right direction. It is also crucial to maintain a positive attitude, embrace challenges, and stay motivated throughout your career.

I hope these suggestions provide you with a starting point for your professional growth. Wishing you the very best in your career endeavors.

Best regards,
Abhishek Shah

..Read more

Latest Questions
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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