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Krishna

Krishna Kumar  |383 Answers  |Ask -

Workplace Expert - Answered on Apr 06, 2024

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more
Asked by Anonymous - Mar 21, 2024Hindi
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Career

I resigned on 19th January, 24 and my previous company accepted and released me on 20th January, 24 on urgent basis without any notice period over mail. I cleared no dues and work handover at site. I mailed them my handover mail and requested for full and final. They accepted and replied for full and final. I mailed them every 15 days but till date I didn't get any response. I'm jobless till date. Please suggest. Thanking you sir.

Ans: Hello

Please approach the company seeking full and final, if they don't agree then kindly talk to lawyer.

All the best.
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Asked by Anonymous - Aug 14, 2024Hindi
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I U SOMA SEKHARAIAH, from GUDUR NELLORE AP unofficially asked to Resign from my services with one-month notice during May'2024 so I resigned and relieved on 31-05-2024 from there onwards I am trying for job in industries. Till time I didn't get job as on today. 14-08-24 Pls give me solution U SOMA SEKHARAIAH
Ans: I understand that being without a job for a few months can be stressful, but with the right approach, you can improve your chances of landing a new position. Here are some strategies to help you navigate your job search effectively: Tailor your resume for each job application by focusing on your most relevant experiences and skills. Ensure that your resume includes key achievements, quantifiable results, and any certifications or training you have completed. Ensure your LinkedIn profile is up to date. Highlight your most recent work experience, skills, and accomplishments. Connect with professionals in your industry and engage with relevant content to stay visible in your network. While you may have been targeting specific industries, consider expanding your search to other sectors where your skills may be transferable. Look for industries that are growing, such as tech, healthcare, or logistics. Use multiple job portals like Naukri, LinkedIn, Indeed, and specialized job boards for your field. Set up job alerts for new opportunities. Approach recruitment agencies that specialize in your industry. They can help match your profile with suitable openings. If you’ve applied to jobs but haven’t heard back, don’t hesitate to send a polite follow-up message to express continued interest. Stay patient and proactive in your job search, and continue building your skills and professional network. With persistence, you will improve your chances of finding a job that fits your experience and aspirations. If you're open to it, you could also consider roles in new or adjacent industries where your skills can be applied.

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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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