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Mayank

Mayank Chandel  |1932 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Jun 19, 2023

Mayank Chandel has over 18 years of experience coaching and training students for various exams like IIT-JEE, NEET-UG, SAT, CLAT, CA and CS.
Besides coaching students for entrance exams, he also guides Class 10 and 12 students about career options in engineering, medicine and the vocational sciences.
His interest in coaching students led him to launch the firm, CareerStreets.
Chandel holds an engineering degree in electronics from Nagpur University.... more
Ratan Question by Ratan on Jun 19, 2023Hindi
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Career

sir my daughter passed 12th standard in commerce with 85% and took exam CUET, please guider her and she wants to management Course from IIM.

Ans: Sir,
she can pursue graduation in commerce, then appear for CAT and do an MBA from IIM.

Another option is Through IPMAT your daughter will get into 5 years integrated program at IIM. And yes there will be different companies for placements for both categories. The degrees are from IIM only; if you value the degree from CTC, then yes, there will be a difference. Getting into IIM through CAT is a bit tough.
Career

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Ashwini

Ashwini Dasgupta  |87 Answers  |Ask -

Personality Development Expert, Career Coach - Answered on Jul 12, 2023

Asked by Anonymous - Jul 11, 2023Hindi
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Career
Hello, my daughter is pursuing B.Com-II sem and wants to pursue MBA. Please guide about the entrance exams for IIMs and other reputed colleges, preparation and coaching.
Ans: Hi,

Thank you for writing in.

Entrance exams for Indian Institutes of Management (IIMs) and other reputed colleges in India are generally conducted by the Common Admission Test (CAT) for admission to the postgraduate management programs.

XAT or Xavier Aptitude Test is another popular MBA entrance exam held for admissions to the Xavier member institutes including XLRI Jamshedpur, XIMB and XIME.

PGDBA exam is held for admission to the Post Graduate Diploma in Business Analytics (PGDBA) course offered collectively by IIM Calcutta, IIT Kharagpur and ISI Kolkata.

IIFT is held by the National Testing Agency for admission to MBA(IB) by the Indian Institute of Foreign Trade. The university-level examination is held annually in online mode.

NMAT is a national-level examination held by GMAC for admission to top MBA institutes including NMIMS and XIMB among 30 B-schools in India.

TISSNET is held by the Tata Institute of Social Sciences Mumbai, TISSNET paves the way for admission to its Master’s programs in management offered at the various campuses.

I have listed few for references. There are multiple other institutes you can look. Please zero down on one so that it will further help to focus on one.

Other tips-

Understand the Exam Pattern: Familiarize yourself with the exam pattern, which includes sections such as Quantitative Aptitude (QA), Data Interpretation and Logical Reasoning (DILR), and Verbal Ability and Reading Comprehension (VARC). Understand the marking scheme, time allocation, and the number of questions in each section.

Gather Study Material: Collect study material, including textbooks, reference books, previous years' question papers, and online resources. Some recommended books for CAT preparation are:

Quantitative Aptitude for Competitive Examinations
How to Prepare for Data Interpretation for CAT
Verbal Ability and Reading Comprehension for CAT
Create a Study Plan: Develop a structured study plan that covers all the sections and allows for regular practice. Allocate time for each topic, focusing on your weaknesses while maintaining a balance across all sections. Set realistic goals and track your progress.

Practice Mock Tests: Regularly practice mock tests to assess your performance, identify weak areas, and improve time management. Analyze your mistakes and work on improving them. Joining a test series or using online platforms that offer mock tests can be beneficial.

Join Coaching Classes (optional): Consider joining coaching classes if you feel you need additional guidance and a structured approach to your preparation. Coaching institutes provide expert faculty, study material, and a competitive environment. However, self-study with proper dedication can also yield good results.

Stay Updated and Practice Current Affairs: Stay updated with current affairs and business news as they form an essential part of the exam. Read newspapers, follow news websites, and magazines to enhance your knowledge of current events.

Focus on Conceptual Clarity: Understand the underlying concepts of each topic and focus on building a strong foundation. This will help you tackle complex problems effectively. Practice regularly to improve speed and accuracy.

Develop Time Management Skills: Time management is crucial during the exam. Practice solving questions within the given time limits. Learn to prioritize questions based on difficulty levels and allocate time accordingly.

Improve Reading and Comprehension Skills: Enhance your reading speed and comprehension skills to perform well in the VARC section. Read newspapers, magazines, and books regularly to improve your vocabulary and comprehension abilities.

Stay Motivated and Maintain a Healthy Lifestyle: Preparing for entrance exams can be challenging, so it's essential to stay motivated and maintain a positive mindset. Take regular breaks, exercise, and get enough sleep to stay focused and energized.

Hope this helps. All the best

To Your Success. Be You. Be Confident
Ashwini Dasgupta
Author of -Confidence Decoded. Is it a Skill or Attitude?

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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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