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Krishna

Krishna Kumar  |383 Answers  |Ask -

Workplace Expert - Answered on Mar 18, 2024

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more
Asked by Anonymous - Mar 18, 2024Hindi
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Career

My daughter is going to enter into grade 10 (cbse) from April onwards. She does not have not much interest in math and is an average student. She is interested in biology and psychology. What are the careers ahead if psychology is persued?.

Ans: Dear

As a biology student she can pursue Medicine.

Psychology can open multiple opportunities from Life Coach to Therapist.

All the best.

Warm Regards
Career

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Mayank

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Education Expert - Answered on Jun 10, 2024

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My daughter completed her 12 th icse board science exam having marks 75%, not interested pursuing B.Tech and interested in studying UG Psychology. We are confused what to study her. Kindly advise. What will be the future in Psychology and in job perspective.
Ans: Hi Dilip, it is great to hear that your daughter is interested in pursuing Psychology. Given that she scored 75% in her 12th board exams, she has a solid academic foundation to build on.

Psychology is a diverse and growing field with a wide range of career opportunities. It includes various subfields such as clinical psychology, counseling psychology, industrial psychology, educational psychology, forensic psychology, and more. With increasing awareness of mental health and well-being, there is a growing demand for psychologists in India and abroad in various settings, like- schools, hospitals, corporate offices, and private practices. Studying psychology provides a deep understanding of human behavior, which is valuable in many careers beyond psychology such as marketing, human resources, economics and management.

Graduates in psychology have various career paths available to them. A fresher/beginner earn salaries starting around ?4-7 lakhs per annum, rising with experience. Additionally, psychologists can also pursue roles in HR, academic research, and teaching with varied earning potential.

If your daughter is genuinely inclined towards studying Psychology, encourage her, as a career in psychology can be very fulfilling. Visiting psychology departments, attending workshops, and talking to professionals can provide valuable insights. Practical experience through internships or volunteering will help understand the career path better as well. By exploring areas of interest during undergraduate studies, she can make informed decisions about further education and career paths.

..Read more

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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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