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Civil Engineer Job Hopping at Tata Consulting Engineering: M.Tech or MBA?

Patrick

Patrick Dsouza  |862 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Jun 20, 2024

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 11, 2024Hindi
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Career

My son is working in Tata consulting engineering group for 3years.He is B.Tech in civil and working as consult Engineer.but his location changes frequently. He has to face many problems regarding stay. Due to this reason he wish to resign and further study means M.Tech or MBA. which is the best for him.

Ans: It depends on his interest and the available job opportunities. If he has an interest in technical field then he can do MTech. But if his interest lies more in Consulting then MBA would be preferred as there are a lot of opportunities for Consulting and Technology areas.
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Sushil

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ear Sushil ji, My son is doing B.Tec ECE from NITK Surathkal and is 3rd Year Student. Please advise what he should do after degree M.Tec or MBA? Kindly suggest.
Ans: Hello Chandra,

First and foremost, thank you for getting in touch with us. I am happy to hear that your son plans on pursuing either M.Tech or MBA after completing his Bachelor’s of Technology degree. To answer your question first, I would like to let you know that your son’s professional objectives as well as his interests play a significant role in deciding between pursuing either an M.Tech (Master of Technology) degree or a Master of Business Administration (MBA) degree once he finishes his Bachelor of Technology (B.Tech in ECE) i.e. Electronics and Communication Engineering.

I would suggest that he pursue a Master of Technology (M.Tech) degree if a career in electronics and communication is what interests him. Pursuing his degree will further enable your son to specialize in a field of his liking. Not just that, it will also allow him to acquire technological knowledge, and possibly take up a profession in advanced engineering, research, or development.

Next, considering if your son should pursue an MBA, I would like to say that this degree with a strong emphasis on management, business, and leadership abilities, offers a wider set of skills that can prove beneficial when looking for jobs in project management, technology management, or even if one intends establishing a business. If your son intends taking up a profession in leadership, management, or entrepreneurship, then this degree would be a logical choice.

Lastly, in order to make an educated choice that best resonates with your son’s future ambitions and passions, I would recommend that he ponder upon professional objectives in the long-term as well as get in touch with career guidance experts, industry experts, and educational counselors.

For more information, you can visit our website.

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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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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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