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Can I Benefit from Property Indexation After 2024?

T S Khurana

T S Khurana   |476 Answers  |Ask -

Tax Expert - Answered on Aug 13, 2024

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
AJAY Question by AJAY on Jul 24, 2024Hindi
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Money

IF I BOUGHT PROPERTY IN THE YEAR 1980 AND SELL IN JUNE 2024. WILL I BE ABLE TO TAKE ADVANTAGE OF INDEXATION FOR SELL OF MY PROPERTY, AS IN BUDGET 2024-25 INDEXATION IS REMOVED.

Ans: As per Budget Proposals-2024, for the F/Y 2024.25, you may opt any of the following Options :
(a). Tax Rate 20% with Indexation or,
(b). Tax rate 12.50% without Indexation.
You may calculate the tax accordingly & go for the minimum tax option.
Most welcome for any further clarifications. Thanks.
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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Sir, My son interested in Mechatronics/ Robotics. Got JEE-85%, VIT RANK-47300 , MIT marks-103, Maharashtra HSC-70% (PCM-60%), Amrita rank-8200. Already secured admission in MPSTME, NMIMS, Mumbai. Interested in practical exposure and placement in core robotic company. My queries are 1. Is there any chance of getting Mechatronics seat in VIT Chennai or MIT? 2. Shall I opt for Amrita Coimbatore/Bangalore instead of NMIMS? 3. Any other college/course suggestions from you? Many thanks in advance.
Ans: Nirmal Sir, Your son’s VITEEE rank of 47,300 makes admission to Mechatronics & Automation Engineering at VIT Chennai possible, as the cutoff typically extends up to around 90,000. Admission to MIT Pune with 103 marks is uncertain and depends on their specific cutoff for Mechatronics, so it’s advisable to check official data. Between Amrita University (rank ~8,200) and NMIMS Mumbai, Amrita Coimbatore or Bangalore offers stronger practical exposure and better placement opportunities in core robotics and engineering fields, making it a preferable choice if robotics is the priority. NMIMS is more management and technology-oriented with less emphasis on core engineering practicals. Additionally, consider other reputed institutes with strong robotics and mechatronics programs such as IIIT Hyderabad (with JEE Score/Interview Performance), SRM Chennai, Manipal Institute of Technology, and PSG College of Technology (through MQ Seat), which have good industry tie-ups and specialized labs. Overall, VIT Chennai and Amrita are good options, while exploring other specialized colleges can further enhance core robotics career prospects. All the best for your son's admissions and a bright future!

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Nayagam P

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Career Counsellor - Answered on May 23, 2025

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46227(96.95 percentile)rank in jee mains, what are the possibilities of getting NITs,iiits Interested branches like maths and computing, cse,au&ml
Ans: Mamta, Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main/Advanced Results – A Step-by-Step Guide

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Have some other options also as back-ups instead of relying only on JEE/JoSAA.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your admissions and a bright future!

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Nayagam P

Nayagam P P  |4903 Answers  |Ask -

Career Counsellor - Answered on May 23, 2025

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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