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Shekhar

Shekhar Kumar  |154 Answers  |Ask -

Leadership, HR Expert - Answered on May 09, 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
Sumita Question by Sumita on Mar 26, 2024Hindi
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Hello Sir, My son is passing out in this year july in Computer science Engineering. His first priority is getting a job,but in 80% cases, in aptitude round he is not getting selected. My question is, how to improve the aptitude test. Second question is, parallely he wants to apply for M.tech. In India, how many entrance exams are there for Mtech? Thank you Sir.

Ans: Improving performance in aptitude tests and preparing for M.Tech. entrance exams are both important goals for your son's career advancement. Improving aptitude test performance requires regular practice, which is essential to improving speed and accuracy. Kindly encourage your son to identify his weaker areas within the aptitude sections and work on them. This can be done through practice tests or by analyzing previous test performances. There are numerous resources available online, such as books, websites, and mobile apps, that offer aptitude test practice questions and solutions. Recommending reliable resources can aid his preparation. As you know, aptitude tests are typically timed, so learning effective time management strategies is crucial. Encourage him to practice under timed conditions to improve his pacing during the actual test. In India, there are several entrance exams for M.Tech. programs. Some of the most prominent ones include GATE (Graduate Aptitude Test in Engineering), CEED (Common Entrance Examination for Design), and PGCET (Post Graduate Common Entrance Test), also known as PGCET. Karnataka PGCET, AP PGCET, and TS PGCET, and university-specific entrance exams. 

Encourage your son to research the specific requirements and syllabus for each exam he plans to take, and to start preparing well in advance to maximize his chances of success.
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Hello Sir - I have taken a HDFC Unit Linked pension plan in 2008 and the fund value is approx. 49 lakhs. The policy matures in 2030 and allows for commutation of 1/3rd of fund value (with mandatory annuity for balance 67%). My HDFC Life Relationship manager is suggesting that he will transfer the proceeds of this fund to a new HDFC Smart life pension plan (via surrender of old policy and immediate reinvestment as single premium in the new policy) for a term of 5 years. At the vesting date, I will be allowed to remove 60% of the fund value as tax free commuted pension and will need to take annuity only for remaining 40% of fund value. This is beneficial for me (since tax free commutation under new pension plan is 60% as per new IRDAI rules instead of current 33%). In such a case, will the surrender of old policy and immediate reinvestment into new smart pension plan be a taxable transaction in India? I have claimed 80CCC benefits for part of premium paid in the past. HDFC Life has informed that the surrender and immediate reinvestment would not be taxable as I am not actually receiving any amount (the amount is fully being reinvested in the new pension plan). Is this advice by HDFC correct? Thanks for the advice.
Ans: Returns on all ULIPs purchased between April 2012 to February, 2021 are completely tax free if the premium was less than 10% of sum assured. For ULIPs purchased before April 2012, the maturity amount was tax free if the premium was less than 20% of sum assured for that policy.

It is strongly advisable to consult CA to understand various scenarios

Vipul Bhavsar
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www.capitalca.in

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