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Krishna

Krishna Kumar  |383 Answers  |Ask -

Workplace Expert - Answered on Feb 09, 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
Iffat Question by Iffat on Jan 02, 2024Hindi
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Career

I have done m.com in 2015 Working as admin executive in MEP department since ,8years Now want to change my career path

Ans: Dear M.Iffat

Please share details about what career path you want to choose.

Kindly clarify what MEP is.

Regards
Career

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Shekhar

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Leadership, HR Expert - Answered on Apr 23, 2024

Asked by Anonymous - Apr 15, 2024Hindi
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I am working as an advisor in bpo and I am 34 yr old now I want to change my career what are the relevant carreer option for me?
Ans: At 34 years old, with experience as an advisor in a BPO, you have developed valuable skills that can be transferable to various other industries and roles. Transition into a customer success role where you can leverage your experience in customer service and relationship management to ensure client satisfaction and retention. Customer success managers typically work closely with clients to understand their needs, address concerns, and maximize the value they receive from products or services. Consider a career in sales, where you can use your communication skills and persuasion techniques to promote products or services and generate revenue for a company. Sales representatives often engage with potential customers, build relationships, and close deals to meet sales targets. Explore opportunities in business development, where you can focus on identifying new business opportunities, forging partnerships, and expanding the client base. Business development executives play a crucial role in driving growth and revenue for organizations by prospecting for new clients and nurturing existing relationships. Consider a career in operations management, where you can oversee day-to-day business operations, optimize processes, and improve efficiency. Operations managers often work cross-functionally to coordinate activities, allocate resources, and drive continuous improvement initiatives to achieve organizational goals. Explore opportunities as a project coordinator, where you can apply your organizational skills and attention to detail to manage projects from initiation to completion. Project coordinators typically assist project managers in planning, scheduling, budgeting, and monitoring project progress to ensure successful outcomes. When exploring career options, consider your interests, strengths, and long-term career goals, as well as the skills and experiences you've gained in your current role. Networking, conducting informational interviews, and seeking guidance from career counselors or mentors can also help you explore potential career paths and make informed decisions about your next steps.

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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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