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Patrick

Patrick Dsouza  |1472 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Jun 28, 2025

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 27, 2025Hindi
Career

Is nmims BBA Mumbai worth it? Are placements there good? Or should I do BBA/BMS from normal college and try for MBA (which would be doing regardless)?

Ans: Doing BBA / BMS from some tier 1 institutes in Mumbai would be equivalent to doing BBA from NMIMS. There are better facilities in NMIMS but the fees also is higher. Placement opportunities in some good colleges like Xaviers, Podar, Jai Hind are definitely on par with NMIMS. Anyways he would have to do further education in which case doing BBA or BMS from any good college should be fine.
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Ramalingam

Ramalingam Kalirajan  |11169 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 13, 2026

Money
Dear Sir, I had a flat whose cost was 34 lac, bought in the year 2015, I had sold my flat for 1.2cr in March 2026 Then I bought another flat for 76 lac in April 2026, Pls explain me the capital gain on the sale and purchase, also I request you to suggest ways to save my tax. Thanks
Ans: You have already taken a very good step by purchasing another residential flat immediately after selling the old one. This can help you save a substantial portion of capital gains tax.

» Nature of Capital Gain

Since the flat was purchased in 2015 and sold in March 2026, the gain will be treated as Long Term Capital Gain (LTCG)
LTCG on property is taxed at 20% with indexation benefit

» How Capital Gain is Calculated
Capital gain is not calculated simply as:
Sale Price – Purchase Price

You will get:

Indexed cost benefit on your original purchase cost
Deduction for eligible expenses like:
Registration charges
Brokerage
Major renovation/improvement expenses

This indexed cost significantly reduces taxable gain.

» Benefit of New Flat Purchase

You sold old property in March 2026
Bought new flat in April 2026 for Rs 76 lakh

This qualifies for exemption under Section 54.

Meaning:

Amount invested in new residential property can be reduced from capital gains

So your taxable capital gain will reduce substantially.

» Important Clarification

Tax exemption is linked to the capital gain amount, not entire sale value
If full capital gain is not invested, balance gain becomes taxable

» Additional Tax Saving Options
If any capital gain still remains taxable, you may consider:

Investing in specified Capital Gain Bonds within 6 months
This can further reduce tax liability

» Important Conditions

New property should not be sold within 3 years
Keep all purchase/sale documents safely
Maintain proof of payment and registration

» Finally

Your gain will be treated as Long Term Capital Gain
You will get indexation benefit
Purchase of new flat for Rs 76 lakh will help reduce tax significantly under Section 54
Remaining taxable gain, if any, can be managed through capital gain bonds

A proper indexed calculation by a Chartered Accountant will give exact tax liability.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.linkedin.com/in/ramalingamcfp/

...Read more

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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