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Krishna Kumar |397 Answers |Ask -Follow

Workplace Expert - Answered on May 02, 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 - Apr 24, 2024Hindi

Career

I have been working in a company in Finance Department at GM Level for more than 12 years and i have got promotion in 3rd year (DGM to GM) in the company. My boss has been changed thrice. My current boss does not respect my area profile which is compliance, FS preparation, dealing auditors. He only understand business financial reporting. I work with the rule of law/book and sometime I got adamant as this is my nature of job is. My promotion is on hold and he is not ready to give a promotion. Instead, he is suggesting me to move to a different team for promotion if any openings are there. Few are even non-qualified one. How do I mitigate this situation? It is demotivating and frustrating now now working in the organisation since few my colleagues or people under me have moved to the next level and few reached at the level where I am. I need your advice. Thank you. Industry- Telecom Location - Gurgaon

Ans: Hello

Managing boss is a skill that we all need to learn. Suggest you learn this skill.

You said you are adamant, that's a good awareness and also acceptance so start working on that...try and change your adamant nature to lme of more accommodation one.

Lastly, sit with your boss, make him your companion, ask him for feedback and support and most important also share your approach and try and strike a common ground.

Be assured you will see positive change.

All the best.

You may like to see similar questions and answers below

Khevna Shah | Answer |Ask -Follow

HR Expert - Answered on Feb 13, 2023

Asked by Anonymous - Feb 12, 2023Hindi

Career

Hi every one I am working in a reputed group of company and having good position and good responsibility of my company, but last few month it has been observed that my boss is ignoring and bypassing me some how. He is promoting my juniors and playing a dirty politics, such as divide and rule. I had a chat with my top boss regarding this but no positive response till time. We had hot discussion with my boss. in my opinion top management is also listening of my boss and he is doing unethical job in group. Please advise the option. please help me out.

Ans: You already did the right thing by approaching your skip level when you realized that you are not being heard by your manager. In case you are convinced that the culture and management of the company is not suitable for you, the alternative could be to find something that is more apt for your professional growth & temperament.

Kanchan Rai |545 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Jan 07, 2024

Asked by Anonymous - Sep 22, 2023Hindi

Relationship

I am 42 year old and facing very harassments by my boss he also warn me to termination ,i am mentality very disturb i am searching new job delicately from last 6 month but till now no success. tell me how to handle this situation

Ans: you have rights as an employee, and there are resources available to support youKeep a record of any instances of harassment, including dates, times, locations, and details of what happened. This documentation can be useful if you need to escalate the issue or if legal action becomes necessary. involve talking to your Human Resources (HR) department or a designated person within your organization. If reporting the harassment to HR doesn't resolve the issue, consider escalating your complaint to higher management or the appropriate authority within your organization. Despite the challenges, continue actively searching for a new job. Despite the difficulties, try to maintain professionalism at work. Focus on your tasks, meet deadlines, and avoid confrontations. This approach can help protect your reputation and provide a strong case if needed.

Krishna Kumar |397 Answers |Ask -Follow

Workplace Expert - Answered on Apr 17, 2024

Asked by Anonymous - Mar 05, 2024Hindi

Career

I have been working in a company for 5 years and My boss has been changed , my promotion is on hold and he is not ready to give a promotion and suggesting me to move to a different team for promotion if any openings are there. How do I mitigate this situation and it is demotivating me since all my colleagues move to next level, Need your advice,thank you

Ans: Hello

Every company has a policy with regards to promotion in terms of performance and tenure. Also there are clear guidelines to situation like yours. Suggest you educate yourself on the same.

Also you can approach HR and talk to them as they are the custodian of performance management.

By the way if you can share following details may be I can guide better

Type: are you working as a full time employee or on contractual basis which is renewed every 5 years

Industry: Software, Airline, MRO

City: Tier 1 (Mumbai, Bangalore) or Tier 2 (Nagpur

Given that you have been with the company for 5 years shows you are stable and strong person who looks at career as a marathon, so don't lose heart. You will do excellent. Believe in yourself. Be Bold Be Strong.

All the best.

Latest Questions

T S Khurana |364 Answers |Ask -Follow

Tax Expert - Answered on Feb 19, 2025

Asked by Anonymous - Feb 18, 2025Hindi

Money

My father started a business with his brother in XYZ name and got a Gala in Apmc in the same name where they shared 50-50% share in both business n property after my fathers death i was admitted in as a partner with same ratio after few years my uncle passed in his share to his son so as of now i and my cousin brother are partner the proerty was purchased 296200 in the year 1995 along with registration so 148100 was the share of each and now i want to leave the partnership and also to let go of my share in the premises for which my exixting partner will pay me 3750000 on or before 31.3.2025 I wanted to know how much capital gain tax will be for me if i do not invest secondly can i invest in residential property I would appreciate if guided Thanking you in anticipation

Ans: 01. Considering receipt of Rs.37,50,000.00 as Sale of your share in property/ premises, it would be LTCG in this case.
02. Amount of LTCG without Indexation is Rs.36,02,000.00 (Sale Rs.37,50,000.00 Less Cost Rs.148,100.00). Tax @ 12.50% is Rs.4.50 lakh app.
02. Amount of LTCG with Indexation is Rs.32.12 lakhs (Sale Rs.37,50,000.00 Less Cost Rs.5,37 lakhs {Index 100/363}). Tax @ 20.00% is Rs.6.40 lakh app.
03. You may go for the first option & plan your tax liability. You can invest in residential property to save LTCG tax.
04. Other option to save tax is to purchase Capital Gain bonds. However, investment in Real Estate is always better than other investment.
Most welcome for any further clarifications. Thanks.

T S Khurana |364 Answers |Ask -Follow

Tax Expert - Answered on Feb 19, 2025

Question by Vilas - Feb 17, 2025Hindi

Money

My salary income will be Rs 12 lakh and expect a long term capital gain of Rs 2.5 lakh from mutual funds. What will be my income tax liability? The year is 2024-25 FY

Ans: Your Tax under Old regime would be around Rs.1,80,000.00 & under New Tax Regime Rs.88,000.00, for the F/Y 2024-25.
Most welcome for any further clarifications. Thanks.

T S Khurana |364 Answers |Ask -Follow

Tax Expert - Answered on Feb 19, 2025

Asked by Anonymous - Feb 17, 2025Hindi

Money

Hi Sir, We have sold our land a year ago, as per the guidelines we purchased new flat in apartment and is still being constructed. Just sale agreement which is not registered is good enough to claim tax benefit? The property is not yet registered and is pending completion and might go beyond two year’s guidelines on reinvestment

Ans: The amount paid within stipulated period under agreement, through banking channels with receipts, shall be available for exemption u/s 54, even if possession is delayed.
Most welcome for any further clarifications. Thanks.

Milind Vadjikar |1038 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Feb 19, 2025

Question by PD - Feb 19, 2025Hindi

Money

I am a 40 year old married woman, no kids. Due to various health reasons and dissatisfaction with career growth, I do not want to work anymore. But I have always been financially independent - so can I take this decision to retire now? My own assets (not husband) are 1 crore equity, 20 L MF, 50 L in EPF + PPF. Would this be sufficient for me to survive well independently? I have a house in Mumbai under my name, so no rent. But my own monthly expenses are close to 80-90k right now. My family feels I should not take this decision but its my life, and i do not want money lying in accounts and me saving for a future i dont know of...

Ans: Hello;

You may keep 5 L as emergency fund and buy an immediate annuity for corpus of 1.65 Cr.

It may provide you a monthly income of ~around 80 K considering 6 % annuity rate.

You may cut down on your expenses and invest atleast 10-15 K per month in equity savings type mutual funds.

This may be helpful to top-up annuity income after 10-15 years to account for inflation.

Also buy a good helthcare cover for yourself.

Best wishes;

Milind Vadjikar |1038 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Feb 19, 2025

Question by CHANDRA - Feb 19, 2025Hindi

Money

Dear Sir/Madam, I had taken a Reliance Nippon Life Increasing Income Insurance Plan in Dec 2020 with annual premium of Rs. 148603 and death benefit of Rs.1543938. The premium paying term is 12 years and I have already paid 04 premiums. Now I have taken a term insurance of 1.5 crore from Max life with a premium of about Rs. 78000 for 10 years. I want to stop my Reliance Nippon policy and invest rest of the amount (148603-70000) in mutual funds. So, is it worth stopping Reliance Nippon policy and investing rest of the amount in mutual funds? Kindly guide.

Ans: Hello;

What is your current age?
Also average monthly income and expenses will help us to guide you suitably.

Thanks;

T S Khurana |364 Answers |Ask -Follow

Tax Expert - Answered on Feb 19, 2025

Question by pundarikakshan - Feb 17, 2025Hindi

Money

Is it mandatory to invest the sale proceeds of old property to purchase new property to claim long term capital loss on sale of property?

Ans: It is not mandatory BUT it is a requirement to avail exemption u/s 54, to invest your LTCG to save LTCG tax, .
Alternatively, you may also purchase Capital Gain Bonds, for the same purpose.
Most welcome for any further clarifications. Thanks.

T S Khurana |364 Answers |Ask -Follow

Tax Expert - Answered on Feb 19, 2025

Question by Priya - Feb 17, 2025Hindi

Money

I would be selling a property at around 4.80 cr. How can I save LTCG? if I were to use indexation I need to get guide line value of property in April 2001 and pay 20 % of reduced value? How can I save OVERALL LTCG?

Ans: 01. Index value is 100 as on 01.04.2001.
02. You may calculate tax under both options (with Indexation - 20.00% or without Indexation 12.50%) & decide the option, beneficial to you.
03. You may plan your Tax payment, by investing LTCG, either in any Residential Property or in Capital Gain Bonds.
01. In your case, LTCG shall be Rs.12,10,000.00 (without Indexation) & Rs.11,96,850.00 (with Indexation).
02. You may go for Capital Gain bonds for Rs.12,00,000.00 to save your LTCG tax.
03. Please note that if your income from other sources is less than Rs.3,00,000.00, then your LTCG can be adjusted to some extent (to the extent of shortfall of your income from Rs.3,00,000.00).
Most welcome for any further clarifications. Thanks.

T S Khurana |364 Answers |Ask -Follow

Tax Expert - Answered on Feb 19, 2025

Asked by Anonymous - Feb 18, 2025Hindi

Money

I got ancestral property registered in 2000 with a document value of rupees 5000.00. In 2025 , this land property is sold with document value for rupees 12,15,000.00. What will be Long time capital gain and LTCG tax. What amount I should invest in 54CE bonds for exemption of LTCG tax. Thanks

Ans: This Question has already been replied.
Most welcome for any further clarifications. Thanks.

T S Khurana |364 Answers |Ask -Follow

Tax Expert - Answered on Feb 19, 2025

Question by anand - Feb 18, 2025Hindi

Money

I purchased a investers flat in 2024 for 60 lakhs i.e till now we didn't had any sale agreement or registration. Now we are planning to sell the same for 80 lakhs with sale agreement done last month (no registration yet). Will there be capital gain tax on this? If so how much?

Ans: There will be Short Term Capital Gain Tax.
STCG would be Rs.20.00 lakh (Sale Rs.80.00 lakhs Less Cost Rs.60.00 lakhs).
You would be executing Sale deed while selling the property, where as its Cost shall be reflected from your bank transaction of Rs.60.00 lakhs.
Its tax calculation would also depend upon other factors like your taxable income from other sources etc.
Most welcome for any further clarifications. Thanks.

T S Khurana |364 Answers |Ask -Follow

Tax Expert - Answered on Feb 19, 2025

Asked by Anonymous - Feb 18, 2025Hindi

Money

I purchased a flat in 2011 February for 55 lakhs. I spent 3.5 lakhs towards Interiors ( have receipts). Spent another 1.5 lakhs towards fixtures etc without receipts. I am selling the same flat now ( Feb 2025) for 1.38 Crores. What would be my long term gain liability

Ans: 01. Your LTCG without Indexation would be Rs.79.50 lakhs (Sale Rs.138.00 lakhs Less Cost Rs.55.00 lakhs+Improvement Rs.3.50 lakh).
LTCG @ 12.50% would be around Rs.9.94 lakhs app.
02. Your LTCG with Indexation would be Rs.10.84 lakhs (Sale Rs.138.00 lakhs Less Cost Rs.55.00 lakhs+Improvement Rs.3.50 lakh with Index 363/167).
LTCG @ 20.00% would be around Rs.2.17 lakhs app.
03. Please note that no benefit would be given for furniture etc.
04. You should go for second option.
05. You should also go for tax planning by investing the LTCG in some residential property or Capital Gain Bonds etc.
Most welcome for any further clarifications. Thanks.

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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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