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Praseeja

Praseeja Nambiar  | Answer  |Ask -

Career Counselling Expert - Answered on May 18, 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
Asked by Anonymous - May 09, 2023Hindi
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Career

My daughter is waiting for 10 ICSE results, she has chosen Commerce and taken Maths also, please suggest for which course she has to take admission now for 11th and what course to be taken after 12th

Ans: With Commerce, you can look at accounting, management, Economics, Law, Finance and many other areas.
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Nayagam P

Nayagam P P  |3916 Answers  |Ask -

Career Counsellor - Answered on Jun 13, 2024

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My daughter just passed SSC with 97.20 % from icse board She is confused which field she should go If for medical then we cannot afford the fees of private medical colleges as they are too on higher side if neet score is not Good I personally feel she should go for engineering through mhcet or jee main. In engineering if she is not able to crack both exams atleast she can go for private engg colleges which are much affordable. But she is confused as maths is not interesting for her. Please suggest us the same
Ans: VP Sir, Taking into consideration that your daughter is not interested in Maths, Engineering is not advisable for her. To get a basic idea which Streams / Courses will be suitable for her UG, I suggest you to attempt a 'Psychometric Test' (available online) by paying around 1000 Rupees. From a Psychometric Test, you will come to know your daughter's level of Aptitude, Attitude, Interest, Personality Traits & her Orientation Style. It also recommends suitable Career Options for her, other than Medical / Engineering. All The BEST for your Daughter Bright Future, Sir.

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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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