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R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Jun 20, 2023

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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RAJESH Question by RAJESH on Jun 19, 2023Hindi
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Career

HELLO SIR, my elder son has just completed his BMS from mumbai university,I have enrolled him in local IT institute for a diploma course in MS OFFICE & DIGITAL MARKETING so that it will help him in his future job,what else he can do to enhance his future career prospects plus he is also preparing for UPSC EXAM for next year as he wants to become an IAS OFFICER

Ans: Dear Mr. Sharma,
BMS has different meaning in different cases.
Please let me know the full form of BMS so that I can give you appropriate suggestions.
Career

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Aashish

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CAT, Management Expert - Answered on Nov 24, 2023

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My son is a B Tech (2015 from APJA Univ. UPTECH) and MBA in Marketing (2021 from DTU). Since 2016 he has been engaged with TCS (3 years in IT & 2 year in Marketing after completion of MBA ). He is now looking for a better carrier growth in Marketing. Due to less career growth with present employer and after completion of his MBA, he looks forward for a better opportunity. In market he is not able to get better opportunity. He has been trying various organization but not able to get any result. Can you suggest how he can get a better option with regard to career and financially. I think this the right time to have a change for better career growth. Presently he is 30 years old.
Ans: Certainly, I can provide some advice for someone looking to enhance their career

1. I would your son to evaluate his skills, strengths, and weaknesses. Consider the long-term career goals and the industries or roles that align with them.

2. Attend industry events, conferences, and seminars to expand his professional network.

3. Update his Resume and LinkedIn Profile. Ensure that the resume reflects his

4. Consider online courses, certifications, or workshops to stay current in his field.

5. Attend workshops, webinars, or training programs to enhance professional development.

6. He can consider Recruitment Agencies or partner with recruitment agencies or headhunters that specialize in his industry.

Job searches can take time. Stay positive, be persistent, and don't get discouraged by rejections. Consider temporary or freelance opportunities to gain experience while continuing the job search.

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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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