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Mihir

Mihir Tanna  |1069 Answers  |Ask -

Tax Expert - Answered on May 16, 2025

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
Asked by Anonymous - May 16, 2025
Money

I had just asked my query .further to that my mother has invested in flat in my name of 1 crore

Ans: We get many queries and you have not mention name, so it is difficult to track previous query.....please share facts again
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 Apr 25, 2023

Asked by Anonymous - Mar 28, 2023Hindi
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Part-I 1. My Father was a central govt pensioner, died in 2020 2. My Mother died in 1990( first wife to my father) 3. Father got married again – who was a divorcee(second wife) with 3 children at the time of marriage with my father 4. After my father’s death, second wife left us, as she was getting my family pension as nominee 5. My maternal grand father gifted a plot at the time of her marriage( first wife) with my father 6. My father build a house on the plot g+1( it is in commercial area- front is shop and back house and in 1st floor same pattern) – schedule property-1 Part II 1. We are 4 children to our parents( 1 and 2) 2. 3 female and 1 male( myself) 3. My eldest sister died in 2005 leaving 1 male child and her husband behind 4. My 2nd elder sister married but no kids 5. 3rd elder sister married having 2 children 1-male and-1-female 6. I am also married having 2 children both are male 7. Both my sisters are working and husbands also working 8. Myself running a shop and staying with family in schedule property-1 9. My father purchase a plot in my name in 2015 schedule property -2 Part-iii 10. My both sisters asking share in schedule property-1 after my father’s death 11. I suggested them, I will give the schedule property-2 as a gift but that time they did not accepted Now 12. One of my sister called me, asked to sell the schedule property-2 and pay the amount as a share amount of schedule property-1. 13. I am ready to do that, in future also its their right to get the share from schedule property-1 Question How can I handle the issue If I sell the schedule property -2, will I have to pay the tax to the government Can I gift the schedule property -2 to my sisters how can i transfer the schedule property-1 on my name Please Suggest all option in dealing this case and also if any legal problems persists after selling the schedule property-2
Ans: Dealing with family property issues can be complicated, and it's essential to understand the legal and tax implications before making any decisions. Here are some options you can consider:

Sell Schedule Property-2: If you decide to sell the Schedule Property-2 to pay your sisters' share in Schedule Property-1, you may have to pay capital gains tax on the profit earned from the sale. However, you can claim an exemption from capital gains tax by investing the sale proceeds in specified assets, such as residential property or bonds, within a certain period. It's best to consult a tax expert to understand the tax implications and explore the available options.

Gift Schedule Property-2: You can gift the Schedule Property-2 to your sisters, but it may attract gift tax. However, you can also consider transferring it as a family settlement, which is a legal agreement between family members that divides assets and liabilities in a fair and mutually agreeable manner. It's advisable to consult a lawyer to draft a family settlement deed and ensure that all legal formalities are completed.

Transfer Schedule Property-1: If you want to transfer the Schedule Property-1 on your name, you need to execute a gift deed or a sale deed, depending on whether you want to transfer it as a gift or sell it to yourself. However, if there are other legal heirs or claimants to the property, such as your sisters, they may contest the transfer, and you may have to go through legal proceedings to establish your ownership rights.

Mediation: If you and your sisters cannot agree on a solution, you can consider mediation, which is a voluntary process where a neutral third party helps you reach a mutually agreeable solution. Mediation can save time and money compared to going to court, and it allows you to maintain family relationships.

In summary, before making any decisions, it's best to consult a tax expert and a lawyer to understand the legal and tax implications and explore all available options. Additionally, it's essential to communicate openly and honestly with your sisters and try to find a solution that is fair and mutually agreeable.

..Read more

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Nayagam P

Nayagam P P  |9752 Answers  |Ask -

Career Counsellor - Answered on Jul 31, 2025

Career
Sir my rank is 16894 OC category no EWS .I got kmec CSM in second phase in tg eapcet. I am going for 3rd phase. So could you please guide me whether vidya jyoti institute of technology cse is better or kmec. In 3rd phase can I get Iare , cmrk , cvr , mgit , vjit , snist , anurag only cse and specializations . Are there any chances to get any of these colleges in 3rd phase ? Please guide me sir.
Ans: Dhaksh, With an OC category rank of 16,894 in TG EAPCET, you have secured Computer Science and Business Systems (CSM) at Keshav Memorial Engineering College (KMEC) in phase 2, and are now considering options for phase 3, including CSE at Vidya Jyothi Institute of Technology (VJIT), as well as aspirational seats at IARE, CMRK, CVR, MGIT, VJIT, SNIST, and Anurag (all CSE and related specializations). Based on the official 2024 TG EAPCET closing ranks and highly regarded educational portals, your current rank is well outside the typical closing ranks for OC candidates in CSE at top-tier colleges: CVR (3,200–4,200), MGIT (3,412–3,417), IARE (well under 1,000), SNIST and Anurag (typically under 8,000 for CSE), and CMRK (usually closes by 17,000). VJIT’s CSE (core) closed at 22,455 and AI-ML/Data Science specializations closed between 20,423–21,363, making VJIT’s CSE the only program among your choices where your rank sits comfortably within range for both core and allied branches in phase 3. KMEC’s CSM course typically has closing ranks around 17,263–18,648 for OC, which fits your present allocation and gives the campus a competitive, yet supportive environment, with strong faculty, modern infrastructure, transparent placement processes, and good industry connections. Both KMEC and VJIT have consistently placed 70–90% of eligible students in reputable IT and core companies, with experienced faculty and ample campus facilities, though VJIT is consistently rated higher for core CSE in terms of peer crowd, coding culture, alumni base, research opportunities, and recruiter interest.

In summary, at a 16,894 OC rank, you are unlikely to secure CSE at IARE, CMRK, CVR, MGIT, SNIST, or Anurag (across specializations) as their closing ranks are much lower for OC. VJIT CSE remains open in the upcoming round and is a stronger academic and placement choice than KMEC CSM. Both KMEC and VJIT offer key advantages—NAAC accreditation, modern labs, industry-engaged faculty, active coding culture, and well-structured placement cells—but VJIT provides a more prominent academic environment and greater success for core CSE aspirations.

RECOMMENDATION: Among realistic options, VJIT CSE is the preferred choice as it aligns with your rank, offers better placements, stronger academic pedigree, and deeper industry linkages. You may retain KMEC CSM as a secondary option, but prioritize VJIT CSE (and allied specializations) for a more competitive peer group, robust campus experience, and long-term professional growth. All the BEST for a Prosperous Future!

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

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Nayagam P

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Career Counsellor - Answered on Jul 31, 2025

Asked by Anonymous - Jul 31, 2025Hindi
Ravi

Ravi Mittal  |629 Answers  |Ask -

Dating, Relationships Expert - Answered on Jul 31, 2025

Asked by Anonymous - Jul 31, 2025Hindi
Relationship
Hii mam i have done my registered marriage in April 2024 without knowing of my parents and now i m living in my mother's House without telling that i m married ? Now how can i convince my parents. I have told my parents about him but don't even want to talk to him or his parents.. how can i convince my parents?
Ans: Dear Anonymous,
I understand that you are in a sensitive situation. Patience and empathy is extremely important if you want to convince your parents. Understand their side; what are they objecting and why. Once you get that, it will be easier to debunk any misunderstandings they have about your relationship. Have calm one-on-one conversation with each parent instead of talking to both of them at once. Your first task is to make them listen, not immediately approve. Acknowledge any mistake they bring up; it is indeed unfair to not include your parents in your marriage decision, at least, in India. Though I am sure you had your reasons and I am not judging at all. But you need to acknowledge that it was not right of you to do that. This makes you come off more responsible, mature and sincere. Ask them gently what they do not like about your partner and once you understand it, show them his positive side.

Do not threaten, or give ultimatum. Don’t use dialogues like my life my decision if you want them to ever approve of this relationship. Be patient and give them time to come to terms with it.

Lastly, if you, even once feel that some of their objections are valid and you never saw it that way, please take things slow. We do miss a lot when we are in love. I am sure that’s not the case with you, but just in case, please do not hesitate to rethink.

Best Wishes.

...Read more

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