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R P Yadav |304 Answers |Ask -Follow

HR, Workspace Expert - Answered on Apr 22, 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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Question by Hema on Apr 20, 2024Hindi

Career

Hello Sir.Currently I am pursuing masters in biotechnology .I am interested in molecular diagnosis in medical field .Please guide me in respect with job vacancy and scope and other internships . Thanks

Ans: Hi,
Molecular diagnosis in medical field has a huge prospect. Position is available both in the private as well as govt hospital in India and Abroad. You can do the internship through the institute where you have done the course.

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Question by Arvind - Apr 05, 2023Hindi

Career

Biotecnology Engineering final year stundent from Panjab University, fairly good in research & data analysis skills. Looking for "1-2 months internships in Genetics & Bioinformatics". Your advice please

Ans: Hi Arvind, this is a niche field and the government labs or phamaceutical companies may be the best bet. He can also see if there are any relevant openings listed on Internshala - internshala.com/internships.

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Soft Skills Trainer - Answered on Apr 27, 2024

Asked by Anonymous - Apr 21, 2024Hindi

Career

Hii I m pursuing msc.microbiology what are the career option and placement options?

Ans: A MSc Microbiology will get job opportunities in the pharmaceutical sector, breweries, dairy or distilleries. They work as pharmacologists, microbiologists, Food Technologists or Biomedical scientists depending on the area of work.
Microbiology is a part of the Biotechnology stream. Students get opportunities in the field of drug manufacturing, vaccine production, fertilizer production etc. The starting salary after MSc Microbiology is INR 4 LPA which can go up to 10 LPA as you reach 4-5 years of work experience.

Shekhar Kumar |129 Answers |Ask -Follow

Leadership, HR Expert - Answered on May 03, 2024

Asked by Anonymous - Apr 26, 2024Hindi

Career

I am persuing master's in Biotechnology and it should be completed in may , where should i can get a job and what are the steps to address a job

Ans: Completing a master's degree in biotechnology opens up various job opportunities in fields such as pharmaceuticals, biotechnology, healthcare, research institutions, academia, and government agencies. Here are some steps to help you find a job after completing your master's in biotechnology. First, determine the specific areas within biotechnology that interest you the most, such as drug discovery, molecular biology, genetic engineering, bioinformatics, or clinical research. Clarifying your career goals will help you target relevant job opportunities. Explore companies, research institutions, universities, hospitals, and government agencies that hire biotechnology professionals. Look for organizations that align with your interests, values, and career aspirations. Network with professionals in the biotechnology industry through online platforms like LinkedIn, professional associations, industry events, seminars, and career fairs. Networking can help you learn about job openings, connect with potential employers, and gather insights into the industry. Tailor your resume and LinkedIn profile to highlight your education, research experience, technical skills, and relevant accomplishments. Emphasize any laboratory techniques, instrumentation, software, or research projects that showcase your expertise in biotechnology. Search for job openings in biotechnology-related roles on online job portals, company websites, professional associations, and academic institutions. Customize your application materials for each position, emphasizing how your qualifications and experiences align with the job requirements. Explore internship or fellowship opportunities in biotechnology companies, research labs, or government agencies to gain practical experience, expand your network, and enhance your employability. Some internships may also lead to full-time job offers. Take advantage of the career services offered by your university, which may include job placement assistance, resume workshops, mock interviews, and career counseling. Career advisors can provide personalized guidance and support throughout your job search process. Job hunting in the biotechnology industry may take time and persistence. Stay motivated, maintain a positive attitude, and be open to exploring different opportunities or career paths within biotechnology.

By following these steps and actively pursuing job opportunities in the biotechnology field, you can increase your chances of securing a rewarding job after completing your master's degree. Keep networking, refining your skills, and staying proactive in your job search to achieve your career goals in biotechnology.

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Ramalingam Kalirajan |1831 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Feb 28, 2024Hindi

Money

Hi ..I am 34 year old married..my monthly income is 80k now as I am in government service. I have invested already 2lakh in equity fund and sip of 2k in canara robocop bluechip MF..how to have a capital of atleast 5 CR when I will b 50

Ans: It's great that you're thinking about your financial future at such a young age. Building a corpus of 5 Crores by the time you turn 50 is an ambitious but achievable goal with careful planning and disciplined investing. Here's a plan to help you reach your target:

Increase Investment Amount: Since you're already investing in equity funds and SIPs, consider increasing your investment amount gradually as your income grows. Aim to maximize your contributions towards long-term wealth creation.
Diversify Your Portfolio: While equity funds offer the potential for high returns, diversifying your portfolio across different asset classes can help manage risk. Consider allocating a portion of your investments to debt funds, real estate, and other avenues based on your risk tolerance and financial goals.
Review and Rebalance: Regularly review your investment portfolio and rebalance it as needed to ensure it remains aligned with your financial objectives. Monitor the performance of your funds and make adjustments based on market conditions and changes in your personal circumstances.
Explore Other Investment Opportunities: Look for additional avenues to grow your wealth, such as investing in tax-saving instruments like ELSS funds, PPF, or NPS. These options offer tax benefits along with the potential for long-term capital appreciation.
Seek Professional Guidance: Consider consulting with a Certified Financial Planner who can provide personalized advice tailored to your specific financial situation and goals. They can help you create a comprehensive financial plan and guide you towards achieving your target of 5 Crores by the age of 50.
Remember, achieving your financial goals requires discipline, patience, and a long-term perspective. Stay focused on your objectives, and with the right investment strategy, you can work towards building a substantial corpus for your future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |1831 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Feb 26, 2024Hindi

Money

Hello Sunilji My age is 49 and my net monthly pay is 1.6 lakhs. I need to build corpus of 50 lakhs in next years. Also have 10 lakhs cash in hand, kindly suggest any investment plan like sip or mutual funds to build my corpus.

Ans: I commend your goal of building a corpus of 50 lakhs within the next year. It's a challenging but achievable target given your financial situation. Here's a plan to help you reach your goal:

Firstly, let's leverage your existing cash in hand of 10 lakhs. This amount can serve as the foundation for your investment journey.

Next, considering your monthly income of 1.6 lakhs, we can allocate a portion towards systematic investment plans (SIPs) in mutual funds.

SIPs offer the advantage of disciplined investing, allowing you to invest a fixed amount regularly over time, regardless of market fluctuations.

Given your investment horizon of one year, it's crucial to focus on relatively low-risk options to preserve capital while aiming for reasonable returns.

Avoiding direct equity or high-risk investments would be prudent, as they may subject your capital to significant market volatility and potential losses.

Instead, consider investing in debt mutual funds or balanced funds, which offer a balance of safety and potential for growth.

While actively managed funds may have slightly higher expense ratios compared to index funds, they offer the advantage of professional fund management and potential outperformance in volatile markets.

Regularly review your investment portfolio and make adjustments as needed to stay on track towards your goal.

Remember, consistency and patience are key to achieving your financial objectives. Stay committed to your investment plan, and you'll be closer to building the corpus you desire.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |1831 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Feb 23, 2024Hindi

Money

Iam 23.I want to invest in mutual funds for next 30 years. How much money would I need by retirement at that time.How much should I invest from now every month to achieve that goal?

Ans: Investing for retirement at a young age is a smart financial decision. Let's calculate how much money you would need by retirement and how much you should invest monthly to achieve that goal.

Determining Retirement Corpus:
Estimate your desired retirement corpus based on your expected expenses during retirement. Consider factors like inflation, lifestyle preferences, healthcare costs, and other financial obligations.
Assuming a moderate estimate of future expenses, let's say you aim for a retirement corpus of 5 Crores.
Calculating Monthly Investment:
Use a retirement calculator or financial planning software to determine the monthly investment required to reach your retirement corpus.
Assuming an annual return of 10% on your mutual fund investments (which is a reasonable long-term average for equity investments), we can calculate the monthly investment required.
With a 30-year investment horizon, the power of compounding will work in your favor. By starting early, you can invest smaller amounts monthly to achieve your goal.
For example, if you aim for a retirement corpus of 5 Crores and assuming a 10% annual return:
Using a financial calculator or formula, the monthly investment required would be approximately 22,000 INR.
Regular Review and Adjustments:
Periodically review your investment strategy and adjust your contributions based on changes in your financial situation, investment performance, and retirement goals.
As your income increases or expenses decrease over time, consider increasing your monthly investments to accelerate your progress towards your retirement goal.
By consistently investing in mutual funds over the next 30 years and staying committed to your long-term financial plan, you can work towards achieving a comfortable retirement.

Remember, while this calculation provides a rough estimate, individual circumstances may vary. Consulting with a Certified Financial Planner can provide personalized guidance tailored to your specific financial goals and help you create a comprehensive retirement plan.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |1831 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Feb 16, 2024Hindi

Money

I have MF portfolio of about 1 Cr. Will it be a wise decision to move 50 L from MF to PMS. Risk appetite is Moderate and ok to see upto 20% negative returns for short term. Holding capacity 3-5 years.

Ans: Considering your risk appetite and investment horizon, moving 50 lakhs from your mutual fund (MF) portfolio to a Portfolio Management Service (PMS) requires careful evaluation.
Here are some points to consider before making a decision:
1. Risk and Volatility: PMS typically offers a more concentrated portfolio with higher exposure to individual stocks compared to mutual funds. While this can potentially result in higher returns, it also comes with increased risk and volatility. Ensure that you're comfortable with the higher level of risk associated with PMS, especially given your moderate risk appetite.
2. Track Record and Expertise: Before opting for a PMS, thoroughly research and evaluate the track record, expertise, and investment philosophy of the PMS provider. Look for consistent performance over various market cycles and assess their ability to generate returns in line with your expectations.
3. Fees and Charges: Understand the fee structure of the PMS, including management fees, performance fees, and other charges. Compare these costs with the expenses associated with your mutual fund investments to ensure that the potential benefits justify the additional expenses.
4. Diversification: Consider the impact of reducing diversification by moving a significant portion of your portfolio to PMS. Diversification helps mitigate risk by spreading investments across different asset classes and securities. Ensure that the PMS portfolio aligns with your overall asset allocation strategy and risk management goals.
5. Investment Horizon: While you mention a holding capacity of 3-5 years, it's essential to align your investment horizon with the PMS strategy. Some PMS strategies may have longer investment horizons, and exiting prematurely could hinder your ability to realize potential returns.
6. Review and Monitoring: Continuously monitor the performance of your PMS portfolio and stay informed about changes in the market environment and the PMS strategy. Be prepared to reassess your investment decision periodically and make adjustments as needed to stay on track towards your financial goals.
As a Certified Financial Planner, I recommend discussing your decision with a financial advisor who can provide personalized guidance tailored to your individual circumstances and investment objectives. They can help you weigh the pros and cons and make an informed decision that aligns with your financial goals and risk tolerance.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ramalingam Kalirajan |1831 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Question by K - Feb 22, 2024Hindi

Money

55 years of age. No saving or investment till now. Please suggest how to save at least 25 lac in next 5 years. Income is 60K pm. Estimated expenses +medicals is 40-45 K pm Please suggest. Thanks with best wishes

Ans: It's never too late to start saving and investing, even at 55 years of age. Let's outline a plan to help you accumulate 25 lakhs in the next 5 years:
1. Assess Current Finances: Begin by evaluating your current financial situation, including income, expenses, assets, and liabilities. Understanding your financial baseline will help in setting realistic savings goals.
2. Create a Budget: Develop a monthly budget that accounts for all your expenses, including essentials like utilities, groceries, and medical expenses. Identify areas where you can potentially reduce spending to increase savings.
3. Emergency Fund: Prioritize building an emergency fund equivalent to at least 6-12 months of your living expenses. This fund will provide a financial cushion for unexpected expenses or emergencies, ensuring you don't dip into your savings prematurely.
4. Investment Strategy: With a 5-year timeframe, consider a combination of savings and investment avenues to achieve your goal of accumulating 25 lakhs. Since you have a relatively short investment horizon, focus on low to moderate risk options with potential for growth.
5. Systematic Investment Plan (SIP): Start a monthly SIP in mutual funds or other investment vehicles that align with your risk tolerance and financial goals. Consider diversified equity funds for growth potential, balanced funds for stability, and debt funds for capital preservation.
6. Additional Income Streams: Explore opportunities to increase your income through part-time work, freelancing, or utilizing any specialized skills or hobbies you may have. Even a small additional income can significantly boost your savings over time.
7. Minimize Expenses: Continuously review your expenses and look for ways to minimize discretionary spending. Cut back on non-essential purchases and focus on living within your means to maximize savings.
8. Regular Review: Periodically review your financial progress and adjust your savings and investment strategy as needed. Monitor the performance of your investments and make any necessary changes to stay on track towards your goal.
9. Seek Professional Guidance: Consider consulting with a Certified Financial Planner who can provide personalized advice tailored to your specific situation and goals. They can help you create a comprehensive financial plan and navigate the investment landscape effectively.
By following these steps and staying disciplined in your approach, you can work towards achieving your target of saving 25 lakhs in the next 5 years, securing your financial future.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ramalingam Kalirajan |1831 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Question by tanveer - Mar 28, 2024Hindi

Money

how to complaint against this organisation they have cheated me by opening institutional account of tradin

Ans: Here's how you can complain against the organization that allegedly opened an institutional trading account for you without your consent:

1. File a Complaint with the Broker:

Start by directly contacting the broker's customer care department. Lodge a formal complaint about the unauthorized opening of an institutional account.
Request them to rectify the situation and close the account immediately.
Keep a record of your complaint, including the date, time, and reference number (if provided).
2. Approach Regulatory Bodies:

If the broker doesn't address your complaint satisfactorily, you can escalate it to the Securities and Exchange Board of India (SEBI). SEBI is the regulatory body for the Indian stock market.
You can file a complaint online on the SEBI SCORES portal (https://scores.gov.in/) or by post/email.
SEBI will investigate your complaint and take necessary action against the broker if they find any wrongdoing.
3. Stock Exchange Grievance Redressal Mechanism:

If the broker is a member of a stock exchange (NSE or BSE), you can also file a complaint with their grievance redressal mechanism.
Each exchange has a dedicated portal for filing complaints.
4. Legal Action:

As a last resort, you can consider legal action against the broker. This might be a more complex and time-consuming route, so consulting a lawyer specializing in financial matters is recommended.
Documents to Keep Handy:

Any communication you had with the broker regarding the account opening (emails, SMS, call recordings, etc.)
Account opening documents (if you have any)
Proof of your identity and residence
Remember:

Act promptly. The sooner you file a complaint, the better the chances of resolving the issue effectively.
Keep detailed records of all your communication and actions taken.
By following these steps, you can take action against the organization and potentially get the unauthorized account closed.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ramalingam Kalirajan |1831 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Question by sandip - Mar 28, 2024Hindi

Money

Dear Sir/Madam My mother is pension holder and senior citizen. My father passed away. Her land was given to developer and in return she got ownership of some flats in the same building. Now she is selling those flats to third party. Is the amount got through this selling will be treated as income. She did not open capital gain account. The amount is transferred to savings account. Please advise. Regards

Ans: Here's a breakdown of the tax implications for your mother's situation:

Sale of Flats:

The sale proceeds from selling the flats will likely be considered a capital gain. Since she received these flats in exchange for her land, the cost price for calculating the capital gain will be the cost of the original land.
Tax Treatment:

Long-Term Capital Gains (LTCG): If your mother held the flats for more than 2 years before selling, the capital gains will be considered LTCG. For senior citizens (over 60 years), LTCG from the sale of any type of capital asset (including land or buildings) is exempt from tax.

Short-Term Capital Gains (STCG): If she held the flats for 2 years or less, the gains will be considered STCG. However, there's no separate capital gains account required for seniors.

Exemption for Senior Citizens:

The good news is that since your mother is a senior citizen, LTCG from the sale of the flats is exempt from tax irrespective of whether she opened a capital gains account or not.
Recommendations:

It's advisable to consult a tax advisor for a more personalized assessment. They can consider factors like the specific holding period of the flats, any applicable exemptions, and filing requirements for senior citizens.
Additional Points:

Even though LTCG is exempt, it's still recommended to maintain records of the original land cost, sale proceeds, and ownership period for future reference.
If the sale proceeds are significant, tax implications on other income sources might need to be considered while filing the ITR.
I hope this clarifies the situation!

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ramalingam Kalirajan |1831 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Question by M - Mar 26, 2024Hindi

Money

Hello Sir, on 28/09/2003., I have purchased Jeevan Asha - II (Plan-131) with sum assured of Rs. 500000 (five lakh) for Half-Yearly Premium of ? 16,917.00 (annual premium of ? 33834). I had paid all the instalments and policy matured on 28/09/2023. lic paid me maturity amount with deduction of Tax (TDS-194DA) of ? 16,180 on (? 3,23,600 a part of maturity amount) on 8/09/2023. The calculation of maturity amount by LIC was as follows: 1. Basic amount ?400000 2. Bonus ?700000. 3. Any other RCT. ? 251800. 4. Total ? 1351800. 5. Income tax ? 16180 on ? 3,23,600. Paid in my bank account ? 1345620. Sir, Why LIC have deducted TDS? (the annual premium was less than 20% of Sum assured and the policy commenced in September 2003 and there is no tax on maturity on these policies). Sir, how to calculate my tax liability considering me in higher bracket of 30%. Thanking you.

Ans: You're right, there seems to be a misunderstanding regarding the TDS deduction on your Jeevan Asha-II policy maturity amount. Here's a breakdown:

TDS on Maturity: Generally, for pre-2014 ULIPs and traditional endowment plans like Jeevan Asha-II, maturity proceeds are exempt from tax if the annual premium doesn't exceed 20% of the sum assured. In your case, the premium amount seems to be well below the 20% limit.

Possible Reasons for TDS: There could be a few reasons for the TDS deduction:

Technical Error: An error in LIC's system might have triggered the TDS deduction.
Change in Rules: While the rule generally applies to pre-2014 policies, there might have been a specific clarification or change applicable to your policy.
Recommendations:

Contact LIC: Get in touch with LIC's customer care or your agent. Explain the situation and the relevant tax rule. Request clarification on the reason for TDS deduction and explore the possibility of a refund if it was an error.
Tax Return Filing: While filing your Income Tax Return (ITR), you can mention the maturity amount received, the TDS deducted (Rs. 16,180), and the exemption clause applicable to your policy (premiums below 20% of sum assured). This will help you claim the deducted TDS amount if it wasn't justified.
Calculating Your Tax Liability:

Since the maturity amount is likely exempt from tax, you don't need to calculate any additional tax liability on it (assuming you haven't received any taxable bonuses). However, your total income for the year will determine your tax bracket (30% in your case) and the tax applicable to your other income sources.

Remember: For specific advice on your situation and the possibility of an LIC error or rule change, consulting a tax advisor familiar with LIC policies and tax rules for pre-2014 plans might be helpful.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ramalingam Kalirajan |1831 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Question by pramod - Mar 24, 2024Hindi

Money

Hi sir,I am 40 years old, my goal is retirement with 5 cr. I am investing 25k through SIP in the following Funds. 5k- icici pru bharat 23fof 5k-motilal oswal mid, 5K-Quant large and mid, 5k-Nippon Small cap 5k-Quant small cap, All Direct Funds. Investment Horizon - 20 to 22 Years. Goal -please check my portfolio,Wealth Creation, Risk Appetite- High. Please advise if I should pause or continue with these mutual funds.

Ans: Looks like you've got a good head start on your retirement savings plan! It's great that you're investing consistently through SIPs and have a long investment horizon. Let's break down your portfolio:
Good Diversification: Having a mix of funds across large-cap, mid-cap, and small-cap captures different risk-reward opportunities. This is a good approach for building wealth over the long term.
High Risk Appetite: Your fund selection indicates a high-risk appetite. This can potentially lead to higher returns, but also means your investments can experience more ups and downs along the way.
Consider Portfolio Review: While a general overview looks promising, a more in-depth analysis might be helpful. A Certified Financial Planner (CFP) can assess your individual risk tolerance, investment goals, and review your specific fund choices to ensure they align with your overall plan.
Staying the Course: Remember, market fluctuations are normal. Don't panic and make impulsive decisions based on short-term dips. If you have a long-term view (20-22 years) and stay invested, your SIPs can help you ride out market volatility.
Keep an Eye on It: Periodic reviews are important. Markets and your financial goals can evolve over time. A CFP can help you monitor your portfolio and make adjustments as needed.

There are some advantages to consider direct funds, and the cost savings can be significant in the long run. However, there are some potential benefits to using a regular MFD:
Advantages of Investing Through a Mutual Fund Distributor (MFD):
• Personalized Advice: MFDs can be helpful for beginners or those who lack investment knowledge. They can assess your risk tolerance, financial goals, and investment horizon to recommend suitable mutual funds. This personalized guidance can be valuable, especially if you're new to investing.
• Convenience: MFDs handle all the paperwork and transactions on your behalf, saving you time and effort. They can help with account setup, SIP registrations, and managing your portfolio across different funds.
• Investor Support: MFDs can be a point of contact for any questions or concerns you may have about your investments. They can provide ongoing support and guidance throughout your investment journey.

Overall, you're on the right track! Keep up the good work!
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ramalingam Kalirajan |1831 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Mar 08, 2024Hindi

Money

Hello Vivek, first of all thanks for sharing your valuable inputs in this column. I am a salaried person & my income tax on salary income gets deducted automatically. But i am planning to do share trading ( buying equity shares on dips & selling in 5-6 months with some profit & continue), so i guess i will be liable for 15% tax as it will be STCG, so where i need to pay this tax. If I declare it only in ITR, will that be sufficient or have to select some option in Demat Account as well? I am in old tax regime, my Salary income (in hand) is around 12 lacs, FD Interest around 2 lacs p/a & i take all tax exemptions like 80c, 80CCD (1B), 80 G etc. Also advise shall i avoid this profit booking in shares & hold for long term considering i am on threshold of higher tax slab. Thanks again for your valuable guidance.

Ans: Here's a breakdown of your tax situation and some advice:

Tax on Share Trading Profits (STCG):

You're correct. Since you plan to sell the shares within 5-6 months (short-term), the profits will be considered Short-Term Capital Gains (STCG).
STCG on equity shares is taxed at a flat rate of 15% in the old tax regime.
Paying STCG Tax:

You don't need to pay STCG tax directly while filing your Demat account.
However, you are responsible for reporting the STCG income and paying the tax when you file your Income Tax Return (ITR) for the relevant financial year.
ITR Filing:

While filing your ITR, you'll need to declare the sale of shares, the profits earned (STCG), and the tax liability (15%).
The ITR itself doesn't involve direct tax payment. You might need to pay any tax due through challan or other methods specified by the Income Tax department.
Profit Booking vs. Long-Term Investment:

Here's a consideration for your strategy:

Tax Benefit of Long-Term Capital Gains (LTCG): If you hold the shares for more than 1 year, any profits become Long-Term Capital Gains (LTCG). LTCG exceeding Rs. 1 lakh attracts a 10% tax with indexation benefit (reducing impact of inflation). This can be a tax advantage compared to the flat 15% on STCG.
Market Volatility: Short-term trading involves higher risk due to market volatility. Consider your risk tolerance and investment goals.
Recommendation:

It might be beneficial to hold the shares for the long term to potentially benefit from LTCG tax advantages and potentially higher returns over time. However, the decision depends on your individual circumstances, risk tolerance, and investment goals.
Additional Tips:

Consult a qualified tax advisor for personalized advice on your specific tax situation, considering your income sources, deductions, and tax regime.
Research and understand the risks involved in share trading before investing.

I hope this clarifies your queries!

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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