My business income from profession till FY2021-22 was less than 50 lakh and I was availing the provision of presumptive income. During Fy 2022-23 it will be 53 lakh hence I am required to submit audited books of account. Now from the FY 2023-24, this limit for the presumptive income is raised from 50 l to 75 lakh. My business income during 23-24 is likely to be in the range of 54 lakh. I want to know whether I can shift to presumptive income in 23-24, even when I had submitted audited books of account during 22.23.

Ans: Better chance, Good Luck

Ans: Sure

Ans: Hello Vandana.
Requesting you not to panic at this early stage. Let her appear for JEE session 2 and the state-level engineering entrance test. Let all the results out. You have ample time to think about the available options for engineering admission. At this stage, no need to think about management quota unless and until you want a particular branch in a particular college. Depending on her score in upcoming exams, she may get admission to reputed engineering either in Pune or Bengaluru
Here are some colleges in Bengaluru: (1) R.V. College of Engineering (RVCE) (2) B.M.S. College of Engineering (BMSCE) (3) M.S. Ramaiah Institute of Technology (MSRIT) (4) PES University (5) Bangalore Institute of Technology (BIT) (6) Dayananda Sagar College of Engineering (DSCE) (7) Sir M. Visvesvaraya Institute of Technology (SMVIT) (8) BMS Institute of Technology and Management (BMSIT&M) (9) Nitte Meenakshi Institute of Technology (NMIT) (10) RNS Institute of Technology (RNSIT)
Suggestion - Don't panic. Keep cool yourself. Ask your daughter to focus more on JEE 2nd attempt and state-level engineering entrance test.

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Thanks
Radheshyam

Ans: Assuming STCG is from Shares on which STT is paid and sold after 23 Jul 2024, your tax liability for FY 2024-25 shall be around Rs.21300

Ans: Hello AVI
Chances are bright to get CSE in NITs & IIIT

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Thanks
Radheshyam

Ans: Hi,
There is a good chance that he will get to the branch of his choice, either through JOSAA or CSAB.

Ans: Hello Priyansh
No. But why you need to appear again via the CBSE board is not clear.

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Thanks
Radheshyam

Ans: Hello Reetesh
Congratulations on such a great score. I believe he can get the top 3 branches all the top 10 NITs. Many of the contenders above him will go for advanced. Considering this scenario he can get a good branch in all top 10 NITs.

Ans: Hello,
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