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Vivek Lala |305 Answers |Ask -Follow

Tax, MF Expert - Answered on Jul 04, 2023

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Asked by Anonymous - Jul 01, 2023Hindi

Money

Sir if I buy a share today and sell it tomorrow in 1 day or 2 days or 5 days at a nominal profit and do this on a regular basis then it will be treated as short term capital gain or business income

Ans: Short term capital gain

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 if I purchase a share today and sell it on same day - intra day then it will be business income

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Question by Dinesh - Jul 23, 2024Hindi

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Thnx sir. The only clarification I need is, whether the stcg die to sell of Shares is not fall in category of business income. What is the definition of business income, sir?

Ans: Gain from sale of shares can be business depending many factors. There is one Income tax circular No.6 /2016 Dated 29.02.2016 provides guidance for the same. If period of holding is more than 12 months, you can decide whether you want to show as Business Income or Capital Gain. But in case it is not held for more than 12 months, it will be decided based on volume, source of money, main head of income etc

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How is short term gain on shares calculated?, can we deduct brokerage, taxes and other charges charged by the bank like interest on margin etc from STCG on shares amount.

Ans: While calculating STCG, you can adjust all expenses, like Brokerage, STT or other Taxes, Interest paid to bank etc.
Most welcome for any further clarifications. Thanks.

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Asked by Anonymous - Feb 22, 2025Hindi

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My daughter get 89 percentile in JEE main 2025, she will get nit

Ans: Congratulations to your daughter on securing an 89 percentile in JEE Main 2025.
Estimated Rank: An 89 percentile in JEE Main 2025 corresponds to an approximate All India Rank (AIR) between 1,50,000 to 1,65,000. NITs with Potential Openings: Institutes such as NIT Agartala, NIT Meghalaya, NIT Raipur, NIT Jalandhar, and NIT Durgapur have, in previous years, admitted students with ranks corresponding to an 80-90 percentile range. See previous year cut offs

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Question by Umamahesh - Feb 22, 2025Hindi

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Sir, My Niece got 97.5 in Jee mains 2025, can she get CSE in which NIT , pls suggest sir.

Ans: Congratulations to your niece on securing a 97.5 percentile in JEE Main 2025.
You may get NIT Jalandhar, NIT Agartala, NIT Goa, NIT Hamirpur, NIT Meghalaya, NIT Patna etc. See previous year cut off

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Question by Anuj - Feb 21, 2025Hindi

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Sir I got 96 percentile in jee mains 2025 ..I belong to jharkhand Can I get nit jamshedpur civil engineering.... Also I am a obc ncl candidate...

Ans: Congratulations on securing a 96 percentile in JEE Main 2025.
Percentile to Rank Conversion: A 96 percentile in JEE Main typically corresponds to an All India Rank (AIR) between approximately 40,000 to 50,000. For OBC-NCL candidates, this would translate to a category rank ranging from 10,000 to 12,000.
Based on the 2024 admission data, the closing ranks for the Civil Engineering program at NIT Jamshedpur under the OBC-NCL category with Home State quota were as follows:

Round 1 Closing Rank: 15,169
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Sir my son got 93.1 percentile in JEE Session-1. Can he get CSE under Kashmiri Migrant quota in any NIT or IIIT

Ans: Congratulations to your son on achieving a 93.1 percentile in JEE Main Session.
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Ans: Congratulations on securing a 92 percentile in JEE Main 2025.
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Question by mithran - Feb 21, 2025Hindi

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I got 96.75 in JEE..I am OBC NCL Candidate..Whàt are the best college options irrespective of the branch..As I don't have any preference

Ans: Congratulations on securing a 96.75 percentile in JEE Main 2025 as an OBC-NCL candidate.
With your percentile and OBC-NCL status, you have a favorable position for admissions into several National Institutes of Technology (NITs), Indian Institutes of Information Technology (IIITs), and Government Funded Technical Institutions (GFTIs).

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Question by yadvinder - Feb 21, 2025Hindi

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My nephew has got 98.2 percentile in JEE mains 2025. Category is generally. Interested in doing CSE. Which NIT or IIIT we can expect.

Ans: Congratulations to your nephew on securing a 98.2 percentile in JEE Main 2025.
Percentile to Rank Conversion: A 98.2 percentile typically corresponds to an All India Rank (AIR) around 27,000.
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I got 89%ile in jee mains 1st attempt 2025. I am a sc candidate. Can I get EEE in iiest shibpur?

Ans: Congratulations on securing an 89 percentile in the JEE Main 2025 first attempt.
Percentile to Rank Conversion: An 89 percentile typically corresponds to an All India Rank (AIR) of approximately 115,045. For SC candidates, this would translate to a category rank around 6,000.
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Asked by Anonymous - Feb 21, 2025Hindi

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My son got 98.81. Percentile in JEE mains, GM category, NIT suratkal ECE can he get?

Ans: Congratulations to your son on achieving a 98.81 percentile in JEE Main.
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2. NIT Surathkal ECE Cutoff Ranks: The closing ranks for the ECE program at NIT Surathkal for the General category (Other State quota) in recent years have been as follows:

2024: Closing rank around 4,227.

2023: Closing rank around 5,119.
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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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