I have 15 shares of LIC , at current levels what i should do

Ans: Dear Now a days finding the names of pvt colleges is just a click away . Just Google and find out . We suggesting some names of pvt colleges may not sound good.

Ans: Dear Let her appear in the counselling session and see what are the colleges she can get @88 percentile.

Ans: Dear Congratulations .. your son has quite fair chances of getting top Engineering college of his choice . Why he doesn't opt for JEE advanced? If he wants to get through NIT ,let me opt for CSE ,Robotics ,AI and ML . Or else he can go for Mechatronics ,Automobiles, Civil engg. These are in demand . There are many other courses but it all depends on his personal choice and interest.

Ans: Dear A sincere request to all parents , pl submit your queries in proper way which will be easy for us to understand and reply correctly. Pl share the query again in clear manner . Thanx

Ans: Your case is quite clear and favourable from a tax point of view. I will explain in simple terms.

» Nature of Capital Gain – Long Term or Short Term

The property was originally allotted to your father in 1988–89
You received it through a registered Will after his death in 2016

As per tax rules:

When property is received through inheritance, the holding period of the previous owner (your father) is also considered

So:

Holding period starts from 1988–89, not from 2016 or 2026

Hence:

On sale, it will be treated as Long Term Capital Gain (LTCG)

» Cost of Acquisition – Important Point

You can take the original cost of your father
Also, you can use indexation benefit from the year of purchase

This will reduce your taxable capital gain significantly

» Tax on Sale

LTCG on property is taxed at 20% with indexation benefit

» Exemption Option – Buying Another Property
Yes, you can save tax by reinvesting

Under Section 54:

You can buy another residential property
Time limits:
Purchase within 2 years after sale OR
Construct within 3 years

Conditions:

New property must be in your name
Capital gain amount (not full sale amount) should be invested

» Alternative Option – Capital Gains Bonds
If you do not want to buy property:

You can invest in specified bonds within 6 months
This also gives tax exemption

» Practical Suggestion

Plan the sale and reinvestment carefully
Calculate indexed cost before deciding reinvestment amount
Keep documentation of inheritance and original allotment safe

» Finally

Your gain will be treated as Long Term Capital Gain
You are eligible for indexation benefit
You can buy another property within 2 years to save tax
Proper planning can reduce tax significantly

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

Ans: Dear , Better you try for next attempt. For general category students Getting into NIT having low rank may not be possible. Yes if as we some streams have no takers , then could be possible but why to waste 4yrs for something which you may not enjoy?

Ans: Dear . That's good . Your son has fair chance of getting into stream of his choice and NIT around the state. Let the location be open . You should concentrate on stream of your son's choice . Pl remember CSE is in high demand now a days.

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Ans: With 91.75 JEE Main percentile and expected KM merit around 34, you have a good chance through Maharashtra CAP Kashmiri Migrant/J&K migrant quota, but final allotment depends on the actual 2026 KM merit list and option filling. You should target VJTI, COEP Tech, SPIT, PICT, DJ Sanghvi, Thadomal Shahani, VIT Pune, PCCOE, Walchand Sangli. For CSE/IT, VJTI/COEP may be ambitious; SPIT/PICT/DJ Sanghvi/VIT Pune are worth trying. Also fill All India/JEE-based CAP choices and backup private options. There is generally no separate KM quota in NITs; NIT admission is mainly through JoSAA/CSAB. All the BEST for Your Prosperous Future!

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