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Praseeja

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Career Counselling Expert - Answered on May 05, 2023

An internationally certified career coach, Praseeja Nambiar works as a counsellor at the Stonehill International School, Bengaluru.
In the last nine years, she has helped over 1,000 students with their admissions into Indian and international universities.
Nambiar received her training from Global Career Counselling and the University of California, LA (UCLA) Extension and is certified as a career coach by Certified Career Services Provider.
She contributes to the International Career and College Counselling institute by training other counsellors across the globe.
Nambiar is also an evaluator for the Council of International Schools and will soon be leading the IB careers-related programme at Stonehill International School.... more
santosh Question by santosh on Apr 12, 2023Hindi
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Career

Hi Sir, My son will clear 10th CBSE broad till year, move to 11th. His favorite subject is maths..He is not interested in Science... Please suggest which course he take admission now..

Ans: He can take math as one of the core subjects and study statistics in university. Applied math is also an option in university. What are his other interests, if I may know?
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Praseeja

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Career Counselling Expert - Answered on Apr 26, 2023

Asked by Anonymous - Apr 26, 2023Hindi
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Career
My nephew has appeared for class 10 exam from CBSE this year. He wanted to pursue research and be a scientist but is now confused about his stream. He is good at math, analytical skills but doesn't like biology. Should he opt for science or commerce? Would CA or commerce be a good option for him?
Ans: Thank you for the question. In my understanding, your nephew enjoys Physics and chemistry. Research in these areas can also be taken. We dont need to take biology as a subject he he does not enjoy studying that subject.
If his science scores are consistently high and he likes exploring newer areas of learning, research can be a very good avenue. Since you say that his analytical skills is good and he is good at math too, you can look at computing sciences, applied mathematics, data sciences and Design engineering. Please note, computing sciences is slightly different than computer science. Applied math and Big Data is an upcoming area of study and with good analytical skills, he should be able to do that.
Research can be done in any area. One must understand that research is "finding, critiquing, analysing sources of information and rationalising to investigate a particular scenario". Now this can be done in any field - from history to molecular genetics.

Based on the information you have shared here, I wold suggest he keeps his science options open and opts for PCMC in his 11th and 12th. He can focus on building his analytical skills by participating in high school research groups and learn ways to investigate data.

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T S Khurana

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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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