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Shekhar

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Leadership, HR Expert - Answered on Apr 23, 2024

Shekhar Kumar is senior manager, talent acquisition, at the Shri Venkateshwara University in Gajraula, Uttar Pradesh. He has 18 years of expertise in the search and placement of executive leadership talent across various industries.
He has also mentored middle and senior management professionals for leadership positions and guided them in career development.
Shekhar has a bachelor's degree in business management from Magadh University, Bihar, and a master's degree in human resource management from Annamalai University, Tamil Nadu.... more
Asked by Anonymous - Apr 23, 2024Hindi
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Career

Hello Sir, I am 44 year old man. I am in a very bad situation as I am looking for an job as I have 5 years of career break from full time job due to had to take break from job due to family issues and pandemic forced me to get into online business but it is not providing me a constant income, so I am looking for full time job and due to the career gap I am not getting any job. Please suggest how I can get back to full time job and let me know do I have to change my field from human resources field to other any other field where I can get a job or going to foreign country to do any type of work will it possible to get in other countries. Please help me with your suggestions. Thanks

Ans: I'm sorry to hear about the challenges you're facing in your job search. Transitioning back to full-time employment after a career break can indeed be daunting, but it's not impossible. First of all, update your resume and tailor it to highlight your relevant skills, experiences, and achievements. Address the career gap in your cover letter by briefly explaining the circumstances that led to your break and emphasizing your enthusiasm and readiness to re-enter the workforce. Consider taking on volunteer work or freelance projects in your field to gain recent experience, build your resume, and demonstrate your skills to potential employers. Volunteering can also help you stay connected to your industry and expand your professional network. Be open to exploring contract or temporary positions as a way to re-enter the workforce and gain recent experience. Temporary assignments can sometimes lead to permanent employment opportunities and provide valuable networking connections. Utilize multiple job search channels, including online job boards, company websites, recruitment agencies, and professional networking platforms like LinkedIn. Be proactive in reaching out to companies directly, even if they're not actively advertising job openings, to inquire about potential opportunities. Tap into your professional network and reach out to former colleagues, mentors, and industry contacts for advice, support, and job leads. Attend networking events, join professional associations, and participate in online forums to expand your network and uncover potential job opportunities. 

Regarding changing fields or exploring opportunities in other countries, it's important to carefully assess your skills, interests, and preferences, as well as the job market conditions and immigration requirements of the countries you're considering. Research industries and occupations that align with your strengths and interests, and consider how your transferable skills from your HR background could be applied in other fields or roles.

If you're considering working abroad, research visa options, work permit requirements, and job prospects in your desired destination country. Keep in mind that international job searches may require additional planning, resources, and adaptation to different cultural and regulatory environments. Overall, remain persistent, resilient, and open to exploring different paths and opportunities as you navigate your return to full-time employment. With determination, perseverance, and strategic planning, you can successfully overcome career challenges and find a rewarding job that aligns with your skills, goals, and aspirations.
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Shekhar

Shekhar Kumar  | Answer  |Ask -

Leadership, HR Expert - Answered on May 13, 2024

Asked by Anonymous - May 10, 2024Hindi
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Hi, I'm 40 years old ,i have done BBA in finance and marketing. It's completed in 2006.i have experience of 5 year in retail and then I moved to foreign exchange company and worked for another 4-5 years in 2-3 companies.but I lost my job in corona time.and since then I'm working as a freelancer for the forex customers.also looking for jobs but couldn't get right job.i have responsibilities but I am not earning as I needed. Pls suggest me what should I do?
Ans: I understand this must be a frustrating situation. You have a strong educational background and experience, but the job market can be tough. Don't view freelance work as a gap in your employment history. Frame it as an opportunity where you leveraged your expertise to consult with clients. Quantify your achievements as a freelancer whenever possible (e.g., increased client base by X%, secured Y new contracts). The financial and marketing fields have likely evolved since your graduation in 2006. Consider taking online courses, certifications, or workshops to update your knowledge in areas like financial technology (FinTech), digital marketing, or social media marketing. These in-demand skills can make your resume more attractive to employers. Since you already have experience freelancing for forex clients, explore ways to expand your freelance offerings. Can you offer additional services like market research, competitor analysis, or content creation related to finance or foreign exchange? Don't limit yourself to just finance or forex roles. Consider marketing positions within financial institutions, wealth management firms, or fintech companies. Your marketing background could also be valuable in other industries like retail, healthcare, or technology. Remember, your age and experience are assets. Age is not a liability; hence, by highlighting your transferable skills, expanding your skillset, and utilizing a strategic job search approach, you can increase your chances of landing the right job.

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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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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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