Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Mihir

Mihir Tanna  |1062 Answers  |Ask -

Tax Expert - Answered on Nov 22, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Rakesh Question by Rakesh on Jul 25, 2023Hindi
Listen
Money

Sir, I got two P&L from Angel one, one is downloaded from the app i.e.without dates and after that I asked to share P&L with dates to show Quarter wise break then I got P& L with dates but there is a difference of around Rs.925 in profit. pls help to advise how to show in ITR. Rgds Rakesh

Ans: In Income tax return, you are expected to show correct amount of income. Kindly check reason for such difference.
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.
Money

You may like to see similar questions and answers below

Latest Questions
Nayagam P

Nayagam P P  |7070 Answers  |Ask -

Career Counsellor - Answered on Jun 26, 2025

Career
Hi Sir,I am a student from Andhra Pradesh,In VITEEE I got vit AP cse AIML category 1 and I got seat at scaler institute of technology bangalore. I got 6297 rank in ap EAPCET .I am general ews candidate sir. Please guide me sir
Ans: With a VITEEE seat for CSE (AI & ML) Category 1 at VIT-AP, a confirmed seat at Scaler School of Technology Bangalore, and a 6297 AP EAPCET rank (General EWS), you have three distinct pathways. VIT-AP offers a well-established B.Tech CSE (AI & ML) program with 90%+ placement rates, over 900 recruiters, and strong industry connections; its average packages and placement outcomes are robust, with alumni in top global companies. Scaler School of Technology, though new, boasts a 95% placement record (from Scaler Academy data), partnerships with 900+ companies, and a 96.3% internship rate for its first batch, but its undergraduate program’s first placements are yet to be fully proven. With your EAPCET rank, CSE in top AP government colleges like JNTU Kakinada or Andhra University is out of reach (CSE closes near 2,500–3,500 for EWS), but you may secure CSE or allied branches in reputed private colleges such as GVP Vizag, VR Siddhartha, or Aditya Engineering College, where cutoffs for CSE range up to 6,000–8,000 for EWS and higher for other branches. VIT-AP’s AI & ML program is interdisciplinary, industry-aligned, and provides strong exposure to AI, ML, and data science, preparing graduates for high-demand tech roles. Scaler’s curriculum is cutting-edge, with hands-on projects and mandatory internships, but as a new institution, its long-term placement consistency is not yet established.

The recommendation is to prioritize VIT-AP CSE (AI & ML) Category 1 for its proven placement track record, established industry reputation, and comprehensive curriculum, while keeping Scaler School of Technology as a strong alternative if you value an innovative, startup-like environment and are comfortable with some risk. Participate in AP EAPCET counselling for private colleges as a backup, but VIT-AP offers the most balanced and reliable academic and career prospects among your current options. All the BEST for the Admission & a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

Nayagam P

Nayagam P P  |7070 Answers  |Ask -

Career Counsellor - Answered on Jun 26, 2025

Career
My cagory rank in IISER 2025 is 1800 will I have any chance to get in any IISER
Ans: Premila, You have not mentioned what is your category is. With a category rank of 1800 in IISER 2025, your chances of getting a seat in any IISER are very slim. The expected closing ranks for most IISERs in the general category are below 4000, but for OBC-NCL and other reserved categories, the cutoffs are much tighter—typically ranging from 817 (Kolkata), 1305 (Bhopal), 1409 (Trivandrum), to 2327 (Berhampur) for OBC-NCL, and even lower for SC/ST and EWS. For the general category, the closing ranks in 2024 for the least competitive IISERs were around 4000 (Berhampur, Tirupati), while for OBC-NCL, they ranged between 1300 and 2300 depending on the campus. If your 1800 rank is for a reserved category like OBC-NCL, you may have a borderline chance for IISER Berhampur, Tirupati, or Thiruvananthapuram in the later rounds, as these campuses have historically closed between 1400 and 2300 for OBC-NCL. For the general category, a 1800 rank would be competitive for Kolkata and Bhopal, but not for Pune or Mohali. For SC/ST, the cutoffs are much lower, so a 1800 rank would be too high for admission.

The recommendation is to participate in all IISER counselling rounds, prioritizing Berhampur, Tirupati, and Thiruvananthapuram if you are OBC-NCL, but to also consider alternative science programs at central, state, or private universities, as admission to most IISERs is unlikely at a 1800 category rank except possibly in extended rounds for certain reserved categories. All the BEST for the Admission & a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

Nayagam P

Nayagam P P  |7070 Answers  |Ask -

Career Counsellor - Answered on Jun 26, 2025

Career
Sir, my son ranked KCET 10100, we lived in Mangalore, please suggest colleges in Mangalore in CSE
Ans: Srinivasa Sir, With a KCET rank of 10,100 residing in Mangalore, your son qualifies for Computer Science & Engineering at most reputable Mangalore colleges, as the 2024 general category closing ranks for CSE at institutions like Canara Engineering College (43,000), MITE (29,833), and SJEC (16,844) are higher than 10,100. Key options include 1. NMAM Institute of Technology, Nitte University, 2. St Joseph Engineering College, 3. Mangalore Institute of Technology and Engineering, 4. Canara Engineering College, 5. Srinivas Institute of Technology, 6. Alva’s Institute of Engineering and Technology, 7. Shree Devi Institute of Technology, 8. Yenepoya Institute of Technology, 9. Sahyadri College of Engineering and Management, and 10. Srinivas University. NMAMIT consistently places 90–95% of graduates, SJEC records around 89% placement, and MITE achieves top recruiter offers with a highest package of ?50 LPA and a median of ?4.6 LPA. Canara Engineering College, CEC Mangalore, closes CSE seats around 42,915; Srinivas Institute of Technology places about 60% of its students; Alva’s Institute achieves 83.9% placements; Shree Devi Institute sees 90–95% campus hire; Yenepoya Institute secures 80% placement rate in CSE; Sahyadri College reports a highest package of ?43.43 LPA with an average of ?3.5–4 LPA; and Srinivas University places about 60% of its engineering cohort. Considering your rank and placement records, these colleges offer strong academic and career prospects. The recommendation is to prioritize NMAMIT and SJEC for their exceptional placement consistency and robust industry connections, followed by MITE, CEC, Alva’s, Shree Devi, YIT, Sahyadri, SIT, and Srinivas University as viable options. All the BEST for the Admission & a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x