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Samraat

Samraat Jadhav  |2346 Answers  |Ask -

Stock Market Expert - Answered on Feb 08, 2024

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more
Asked by Anonymous - Feb 06, 2024Hindi
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Hi guru, I am still waiting for a response. Asking the question again for ease of reference Hi Rediff gurus, I have got a few shares via esops from the companies I had earlier worked in. These are all foreign shares and I am aware there is a flat 20% flat if I sell. However, a couple of years ago there was government bond which exempted from tax for 50 lakhs INR per year and investment duration was 3 years. Currently are there any bonds / schemes like that? Also, am I exempted from tax if I sell shares to buy one a residential property? A quick response is much appreciated Thank you

Ans: No such bond currently available and you can adjust your long term capital gains against residential under section 54F. Do consult a CA before executing this.

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
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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Tejas

Tejas Chokshi  | Answer  |Ask -

Tax Expert - Answered on Aug 07, 2023

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Sir, during this month (August2023) I sold my flat which was purchased by me in 2010. The total sale consideration as per govt guidelines was Rs 5973000/ and was registered at that amount, accordingly TDS at 1% on it was deducted at Rs 59730 and was credited to the govt account. My query is , TDS on sale of property at 1% is applicable in case the amount of sale exceeds Rs 50.00 lakhs . Whether the TDS is applicable on full sale consideration or on the difference amount ie, (5973000-500000)Rs 973000. 2. I had purchased the flat in April 2010 and the purchase price was Rs 3150000/ including Stamp duty, Registration charges and small amount towards interior work. I request you to advise me the applicability of Capital Gain Tax on it. Now I do not want to invest in any new property or in Capital gain bonds, I want to pay the applicable tax and close the transaction. Please advise me about the applicable Tax and close the formalities applicable in this regard. Siddramappa Kudarimoti.
Ans: The TDS (Tax Deducted at Source) of 1% on the sale of property exceeding Rs 50 lakhs is applicable on the full sale consideration. In your case, since the total sale consideration was Rs 5,973,000, the TDS of Rs 59,730 was deducted as per the guidelines. Based on the information you've provided, you might be liable for Capital Gains Tax. Capital Gains Tax is calculated based on the difference between the selling price and the indexed purchase price. The indexed purchase price adjusts the original purchase price for inflation over the holding period.
The tax on long-term capital gains is usually 20% (plus applicable surcharge and cess) after considering any exemptions or deductions available under Section 54 or Section 54F if you are not investing in another property or capital gains bonds.

To close the transaction and fulfill your tax obligations, you should consider the following steps:

a. Calculate Capital Gains: As explained above, calculate the capital gains based on the indexed purchase price and selling price.

b. Pay Capital Gains Tax: If you decide not to invest in another property or capital gains bonds, you will need to pay the applicable capital gains tax. You can do this by filling out the appropriate sections in your income tax return and paying the tax amount.

c. File Income Tax Return: Ensure that you accurately report the capital gains in your income tax return for the assessment year.

d. Keep Documentation: Maintain all relevant documents related to the property sale, purchase, and tax calculations for future reference

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could you suggest the better option among Manipal Univ Jaipur CSE and Electronics (VLSI Design& Tech.) at Thapar ? What factors to be considered while making this choice ?
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Recommendation: Choose Manipal University Jaipur CSE for wider career options, higher placement consistency, and flexibility; select Thapar Electronics (VLSI Design & Tech.) if you have a strong interest in hardware, semiconductors, and want to capitalize on the expanding VLSI industry. Consider your personal interest in software vs. electronics, long-term industry trends, and the learning environment that best suits your goals. All the BEST for the Admission & a Prosperous Future!

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Sir, Jee mains 95.70 percentile, obcncl, 65k crl, male. Maharashtra state, 98.48 in mhtcet pcm. I've 5.9k rank in viteee hence category 3 cse core in vellore but 23 lakh for the whole course including hostel,etc is expensive. Gave bitsat 1st attempt, 146 difficult but it's also expensive. Couldn't qualify in ugee and advanced. I checked cse closing ranks of nit, iiit & gfti but no luck at 65k. What should i do? Which other branches have good scope? Kindly guide. 141 in IAT, waiting for rank. GFTI J&K ELECTRICAL in round 1 of Josaa. Exiting it and will wait for CSAB. NEET: 477, 82k crl.
Ans: With a JEE Main 95.70 percentile (OBC-NCL, CRL 65k), Maharashtra domicile, 98.48 percentile in MHT CET, and VITEEE rank 5.9k (Category 3 CSE at Vellore, but high fees), your options for CSE or top branches in NITs, IIITs, and GFTIs are limited, as cutoffs for these are much lower than your rank. You may get core branches like Mechanical, Electrical, Civil, Chemical, or Biotechnology in newer or lower-ranked NITs (e.g., NIT Agartala, NIT Jalandhar, NIT Puducherry, NIT Goa, NIT Durgapur) and some GFTIs, but not CSE or ECE. At 98.48 percentile in MHT CET, you have a strong chance for core branches in reputable Maharashtra colleges like VIT Pune, VIIT Pune, PCCOE Pune, and possibly lower-demand branches at MIT WPU or SIT Pune. Your NEET score (477, 82k CRL) gives you a slim chance for private MBBS seats in some states, but not government colleges. For future scope, branches like Electronics & Computer Engineering, Data Science, AI & ML, Mechanical, and Civil Engineering remain strong, with AI, Data Science, and Electronics fields projected for high growth. If you are interested in research, your IAT score (awaiting rank) may open up options at IISERs for science careers. Exiting GFTI J&K Electrical is reasonable if you prefer to wait for CSAB or explore better private college options.

Recommendation: Prioritize core branches (Mechanical, Electrical, Civil, Chemical, or Data Science) in reputable Maharashtra colleges through MHT CET, or consider VIT Vellore CSE if the higher fee is affordable. Branches like AI, Data Science, Electronics, and Mechanical offer strong future prospects. Use CSAB and state counseling to maximize options, and consider IISERs for a research-oriented path if your IAT rank is favorable. All the BEST for the Admission & a Prosperous Future!

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Sir, My daughter has scored 26497 in COMEDK and is interested in E&TC which collage can she get in Bangalore? Also she has got mech, VIT Vellore, category 2. And MHCET 95 percentile, what are chamces of getting into Cummins? Which is better option of E&TC?
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Recommendation: Choose E&TC in a reputable Bangalore college through COMEDK for better alignment with your daughter’s interests and industry trends; VIT Vellore Mechanical is an excellent backup for core engineering, but Cummins Pune E&TC is not feasible at her percentile. All the BEST for the Admission & a Prosperous Future!

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Recommendation: Your son’s future with JECRC University’s Kalvium Computer Science program is promising, offering strong placement prospects, industry-relevant skills, and early professional exposure, positioning him well for a successful career in the tech sector. All the BEST for the Admission & a Prosperous Future!

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Considering my interest in electronics, which institution, MIT Bangalore or SRM KTR, offers a superior B.Tech program in terms of academic rigor, industry exposure, research opportunities, and placement outcomes, specifically for an ECE specialization? Furthermore, is a core ECE curriculum or a specialized ECE (VLSI Design and Technology) curriculum more advantageous for long-term career prospects in the current industry landscape?"
Ans: Kiran, MIT Bangalore’s B.Tech ECE program offers a rigorous academic foundation with a strong mix of core electronics, VLSI, embedded systems, and communication, supported by hands-on labs, diverse electives, and opportunities for minor specializations like VLSI and Embedded Systems. The curriculum emphasizes research, industry partnerships, and innovation, preparing graduates for both core and interdisciplinary roles. SRM Kattankulathur’s ECE program is NBA and ABET accredited, features 18 advanced labs (including VLSI and Embedded Systems), and maintains 70–80% placement rates with extensive industry collaborations and a vibrant research culture. Both institutes provide strong academic and placement outcomes, but SRM’s national reputation and recruiter network are broader, while MIT Bangalore’s smaller cohort and Bengaluru location may offer more personalized mentorship and local industry exposure. For long-term prospects, a specialized ECE (VLSI Design & Technology) curriculum is increasingly advantageous, as India’s semiconductor sector is expanding rapidly, creating high demand for VLSI, chip design, and embedded systems professionals. Core ECE offers broader flexibility, but VLSI specialization provides deeper expertise and better long-term stability in a niche, high-growth field.

Recommendation: If your primary interest is in electronics and you seek a high-growth, future-proof career, opt for a specialized ECE (VLSI Design & Technology) curriculum—preferably at SRM Kattankulathur for its national brand, research infrastructure, and placement network; choose MIT Bangalore if you value a focused academic environment and strong local industry ties, but ensure the program offers robust VLSI specialization. All the BEST for the Admission & a Prosperous Future!

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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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