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Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on Sep 12, 2022

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more

Question by A on Sep 12, 2022Hindi

Money

2] What does it mean by ‘transferring the total amount to acquire bonds’ – does it mean

a) Full redemption amount less the STT and the invested amount, OR

b) The balance amount gained from the redemption amount after subtracting the invested amount, STT, and Rs 1,00,000.

Ans: Not applicable as mentioned,

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on Sep 12, 2022

Question by A - Sep 12, 2022Hindi

Money

Further, it has been learnt that one can also invest the LTCG gain amount under Section 54EC or 54 F to save on long-term capital gains tax of 10% plus cess by transferring the total amount to acquire the bonds issued by NHAI and RECL. It is not clear what is the meaning of the word 'total amount' is. Is it the Net LTCG amount after discounting Rs 1,00,000 or the Gross LTCG amount i.e., without reducing the amount of Rs one lakh? The Fund house has already deducted the STT at source while making the payment of redemption proceeds, during current FY [2021-22].

Ans: This reinvestment to 54EC bonds to save tax is applicable only for capital gains from sale from house property.

Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Feb 06, 2024

Question by Vinod - Jan 30, 2024Hindi

Money

Hello sir, Good evening. kindly advise me on the following. 1,.I am having two dmat account with different brokers under the same PAN. now i need to consolidate the one demat account by transferring the shares of A demat account to B dmat account off market. now the question is 1. This off market transfer will attract the long term capital gain or not ? all shares in both dmat account are for more than one year. Only transfer from one broker to another broker with Sam PAN for consolidation and monitoring purpose. 2. For this off market transfer without payment of STT, In future if I sell these transferred shares what would be capital gain effect. All share are heldfor more than one year. However original purchase is STT paid. pl guide . Vinod Gupta

Ans: You can transfer the shares from one demat account to another demat account and can consolidate it into one demat account without selling the shares; it will not attract any capital gain and tax.

If in future you sell the shares, then it will attract the long term capital gain as you have held it for more than a year and the tax will be charge @ 10%.

Ramalingam Kalirajan |8058 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Feb 24, 2025

Asked by Anonymous - Feb 23, 2025Hindi

Hi sir Sir i purchased property in 2007 @ 11 lac Sold in feb 2025 @ 450000 My nett capital gain is 34 lac without indexation and approxy 13 lac with indexation If i want to buy 54ec bonds than what amount will be invested 34 lac or 13 lac

Ans: You need to invest only the indexed capital gain (approx. Rs 13 lakh) in 54EC bonds to claim exemption under Section 54EC of the Income Tax Act.

Explanation:
54EC bonds exemption is available only on the LTCG (Long-Term Capital Gain) after indexation when selling a property.
Since your indexed capital gain is Rs 13 lakh, this is the amount you need to invest in NHAI/REC/PFC/IRFC 54EC bonds within 6 months from the sale date to claim tax exemption.
Maximum investment allowed in 54EC bonds is Rs 50 lakh per financial year.
Alternative:
If you do not invest in 54EC bonds, you can:

Reinvest the full capital gain (Rs 13 lakh) in another property under Section 54.
Pay LTCG tax at 20% (Approx. Rs 2.6 lakh tax on Rs 13 lakh gain).

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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Question by Anuradha - Feb 25, 2025Hindi

Hello sir My son has completed his btech from IIT in CSE 2023 and didn't get campus placements.. he is learn cyber security course but didn't get placement still how he has to cover the gap in his career to enter into the placement as to enter into job the us showing hurdle n now he got fear to take job

Ans: Hi Anuradha,

In the meantime build practical experience by taking elsewhere internships or freelancing opportunities. For example he an consider- intern Shala, LinkedIn and Naukri opportunities.

Looked at completing few certification relevant to his field - for example CompTIA Security+ (Beginner level)/ CEH (Certified Ethical Hacker)/ OSCP (Offensive Security Certified Professional) (Highly valued)

Do networking - meet people / references etc. Join groups on Linkedin and look for opportunities and connect with people

Take up freelancing opportunities to build real time practical experience

Take up softskill trainings- build his skills even on his communication / creating first impression etc.

All of this help him build the gap and importantly enhance his skills and the utilization of his time.

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Hi Mihir My salary is 26.5 lakhs. So what would be the amount I will need to pay as tax?

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Question by Aditya_ - Feb 28, 2025Hindi

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Sir I get 63 percentile in Jee mains session 1 2025 I belong to SC category Is any colleges with my percentile,OR Should attempt April session, Sir please give NIT SURATHKAL Mechanical engineering cut off percentile for SC students, I may achieve in April session

Ans: Hello Aditya.
With a 63 percentile in JEE Main 2025 and belonging to the SC category, securing admission to top-tier NITs, including NIT Surathkal, especially for sought-after branches like Mechanical Engineering, may be challenging. Given your current percentile, it's advisable to consider appearing for the April session of JEE Main to improve your score and enhance your chances of securing admission to a preferred institution. Frankly speaking, difficult to get Mech @ Surathkal NIT.

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I have a PPF account for past 20 years and have been depositing from my salary/ other income claiming S80C benefit. The annual interest and the corpus is taxfree. Is the situation likely to change and taxes levied by the Government ? Restrospectively ? How one can prepare for such eventuality ?

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Dear sir, My son is studying BCom 4th semester at PES University, Bengaluru. His idea is to try CAT and other MBA entrance exams. Also our idea is for him to try competitive exams for banking, insurance etc., while appearing for campus selection tests and interviews. So, my thinking is that if he takes training for CAT it should be sufficient for him to tackle all the above types if competitive exams in addition to CAT. Please let me know whether this is correct and if so advise us for some good institutes for the same in Bengaluru or online as suitable.

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Question by ashok - Feb 26, 2025Hindi

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Asked by Anonymous - Feb 28, 2025Hindi

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Asked by Anonymous - Feb 27, 2025Hindi

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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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