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R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Jan 18, 2024

R P Yadav is the founder, chairman and managing director of Genius Consultants Limited, a 30-year-old human resources solutions company.
Over the years, he has been the recipient of numerous awards including the Lifetime Achievement Award from World HR Congress and HR Person Of The Year from Public Relations Council of India.
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nikhil Question by nikhil on Aug 08, 2023Hindi
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Career

Sir, My son has done his LLM from europan university but this legal faculty happen to be very difficult as career. what is you suggest for him to settle down in life or is it wrong to select law as career

Ans: I understand your concern. Law is a challenging field, and it is not uncommon for people to face difficulties in their careers. However, there are many career options available for people with an LLM degree.

Some of the most popular career options for LLM graduates include working as a lawyer, legal advisor, law officer, or law professor. Additionally, there are many other career paths that LLM graduates can pursue, such as working in the media and publishing industry, NGOs, FMCG, real estate, law firms, consultancies, finance sector, corporate sector, and international organizations like UN, UNICEF, etc.

It is important to note that the career path your son chooses will depend on his interests, skills, and experience. If he is interested in pursuing a career in law, there are many opportunities available to him. However, if he is looking for a change, he may want to consider exploring other career options that align with his interests and skills.

I hope this information is helpful. If you have any further questions, please let me know.
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Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Aug 22, 2023

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sir, my son is LLM in international law from Brussels . But find difficult placement in india as well outside. being father in concern i m worried . would like to know if law career is wrong choice to get settle .
Ans: I understand your concerns about your son's career prospects in international law. It's natural for parents to worry about their child's future, especially when it comes to career choices. International law is a highly specialized field that can offer rewarding opportunities, but like any profession, success can depend on various factors.

Here are a few considerations to keep in mind:

Specialization and Niche Expertise: International law is a complex and competitive field. Having a specialized skill set or focusing on a niche area within international law can make your son stand out. Whether it's human rights, trade law, environmental law, or something else, finding a unique area of expertise can improve his prospects.

Networking and Internships: Connections within the legal community are invaluable. Encourage your son to attend conferences, workshops, and seminars related to international law. Internships, whether paid or unpaid, can also provide him with practical experience and valuable contacts.

Location Flexibility: International law often involves working with governments, NGOs, multinational corporations, and international organizations. Being open to working in different geographical locations can increase his chances of finding suitable opportunities.

Further Education: Depending on his specific interests, pursuing further education such as a Ph.D. or specialized postgraduate courses might enhance his qualifications and marketability.

Adaptability and Multilingualism: International law often requires working with diverse cultures and languages. Proficiency in multiple languages and an ability to adapt to different legal systems can be advantageous.

Consult Career Advisors: Many universities and professional organizations offer career counseling services. Encourage your son to utilize these resources to explore different avenues and receive guidance on how to navigate the job market effectively.

Online Presence: Maintaining a professional online presence, such as a LinkedIn profile, can help showcase his skills and accomplishments to potential employers.

Persistence and Patience: The job search process can be challenging, especially in specialized fields. Encourage your son to remain persistent, patient, and open to different opportunities that might arise.

Remember that success in any career is a combination of individual effort, timing, and external factors. While the journey might be challenging, a career in international law can indeed be fulfilling and impactful. It's essential to support your son's aspirations while providing guidance and realistic expectations.

Regards,
Abhishek Shah

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Sushil

Sushil Sukhwani  |555 Answers  |Ask -

Study Abroad Expert - Answered on Nov 22, 2023

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Career
My Son, in class 10th wanted to pursue his career in Law/Legal abroad after 10+2. With AI coming big way, I think Law/Legal will have huge impact. Please suggest if it has bright future or may be very challenging ? Also, help me understand what is the path available to pursue legal studies in countries like Canada, European Countries, Australia etc., Any best Universities you can recommend.
Ans: Hello Mahesh,

To begin with, thank you for contacting us. I am glad to hear about your son’s interest in pursuing a career in Law overseas after he completes his 12th grade. As an answer to your query, I would like to inform you that taking in account the changing landscape of Artificial Intelligence (AI) and its effects on a broad range of professions, including law, your son’s desire to practise law overseas seems encouraging. Remember, with the introduction of technology, major changes are being brought about in the legal arena. Artificial Intelligence (AI) may change some facets of the legal profession, but it also creates new opportunities in areas viz., data privacy, legal tech, and AI ethics in the legal system. It would therefore, seem that the future of law will be both difficult and fruitful, requiring flexibility as well as a fusion of legal knowledge with technical developments.

You would be glad to know that outstanding programs are offered by a number of countries to those aspiring to pursue law overseas. The University of British Columbia, University of Toronto, and McGill University in Canada are regarded for their law schools. Coming to European countries, the University of Cambridge, the London School of Economics (LSE), and Oxford University in the UK, as well as Leiden University in the Netherlands, are highly regarded. Law schools at Australian universities viz., Australian National University (ANU), the University of Melbourne, and the University of Sydney, are also renowned. As an answer to your query concerning the path available to pursue legal studies in these aforementioned countries, I would like to tell you that this path generally entails earning an undergraduate i.e. Bachelor’s degree, usually in any area of study, after which one needs to complete a legal degree i.e. Bachelor of Law (LLB) or Juris Doctor (JD), and then possibly undertake specialized programs or internships. In order that your son chooses the program that best resonates with his passion and objectives, I would recommend that he conducts an extensive study on particular program offerings, the competence of the faculty, as well as the curriculum’s primary emphasis.

For more information, you can visit our website.

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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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