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BBA in Finance & Economics: Ahmedabad Uni vs Gujarat Uni for IIM?

Patrick

Patrick Dsouza  |862 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Jun 22, 2024

Patrick Dsouza is the founder of Patrick100.
Along with his wife, Rochelle, he trains students for competitive management entrance exams such as the Common Admission Test, the Xavier Aptitude Test, Common Management Admission Test and the Common Entrance Test.
They also train students for group discussions and interviews.
Patrick has scored in the 100 percentile six times in CAT. He achieved the first rank in XAT twice, in CET thrice and once in the Narsee Monjee Management Aptitude Test.
Apart from coaching students for MBA exams, Patrick and Rochelle have trained aspirants from the IIMs, the Jamnalal Bajaj Institute of Management Studies and the S P Jain Institute of Management Studies and Research for campus placements.
Patrick has been a panellist on the group discussion and panel interview rounds for some of the top management colleges in Mumbai.
He has graduated in mechanical engineering from the Motilal Nehru National Institute of Technology, Allahabad. He has completed his masters in management from the Jamnalal Bajaj Institute of Management Studies, Mumbai.... more
Asked by Anonymous - Jun 21, 2024Hindi
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Sir, i have got 94% in 12th commerce. Now i want to do bba in finance and economics. My question is i have got admission in ahmedabad university and gujrat university ( BK school of management ) . There is bba general in gujrat university and bba honours in ahmedabad university. And i want to do mba from iim. Which college should i choose that would be beneficial for my iim journey?.

Ans: Both should be fine. I dont see a great advantage of doing honours course as compared to General course. General course is of 3 years and would save a year and get you to the IIMs 1 year early as compared to Honours course which is of 4 years. Unless you have an option of opting our with a degree in 3rd year in Honours course then Honours course should also be fine.
Asked on - Jun 23, 2024 | Answered on Jun 24, 2024
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Thanks for your reply ???? ???? sir I am confuse ...mba best or upsc ,gpsc.,officer
Ans: It is based on your interest. If you get into IAS, IPS, IFS, IRS and are interested in that field then that is the best. Else MBA is a preferred option.
Asked on - Jun 28, 2024 | Answered on Jun 29, 2024
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Hii sir ,bba ke liye surat ki auro univercity bba ke liye kesi hai? Ahmdabad univercity me bhi addmision mil chuka hai dono mese sahi konsa rahega...aur koi option nahi hai in dono mese yahi dono mese Chynna hai so please suggest me....
Ans: Talk to the students of both universities. Check which college has better placements.
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T S Khurana

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Tax Expert - Answered on Nov 23, 2024

Asked by Anonymous - May 11, 2024Hindi
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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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