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T S Khurana |566 Answers |Ask -Follow

Tax Expert - Answered on May 23, 2026

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more

Question by Prakash on Apr 10, 2026Hindi

Money

am having flat in hyderabad which was registered as gift deed in 2009 and if i want to sell the flat on today date the valve may be 75 Lakhs what can be capital gain. Actual cost was 2.2 lakhs in 1986 . As my age is 65 years and i dont want to use for contruction or investment in new flat. How can i save capital gain. Your advise

Ans: Whatever LTCG (Long Term Capital Gain) is there, you may purchase Capital Gain Bonds (maximum limit is Rs.50.00 (L) to save your tax. Since you don't want to invest in a new Flat or House, this may be a good option. Please remember the time limit of purchasing the Bonds is within 6 months, from the date of sale of Asset/Flat.
Most Welcome for further clarifications, if any. Thanks.

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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Asked by Anonymous - May 05, 2023Hindi

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I have booked a under construction flat in May 2022 for 2.80 crs inclusive of GST and stamp duty likely possession in December 2023, Flat is in joint name with my wife on 50:50 basis. I have availed joint Bank loan of 2.10 crores which is partially disbursed approx 1.76 crores up to now. balance will be disbursed before possession. I will be selling by old flat in January 2024 which is in my individual name, which I purchased in July 2017 for 92.50 lacs inclusive of stamp duty, approx selling price will be 1.25 crores. This flat is also on loan of 54 lakhs outstanding .What will be the capital gain against this and can this be setoff against the new flat? Difference amount 1.25 crores(sale price) less 54 lakhs (Bank Loan) balance amount of 71 lakhs I might pay against the new bank loan of 2.10 crores which will reduce the loan to 1.39 crores. Please guide how to go to save the Capital gain tax.

Ans: Hi
You may have a long term capital gain of about Rs. 6.70 Lakhs. Suggestions to avoid paying any tax on this gain would be to pay towards the construction of the new house. This would mean that you may need to sell your house before you take possession of the new house in December 2023 and use the sale consideration to pay to the builder to the extent of approx Rs. 6.70 Lakhs to make it eligible as reinvestment in a new under construction property. This cannot be the other way round i.e. you cannot pay full amount to the builder and take possession and thereafter sell the old house.

If you need the house to stay till the possession of the new property then you could try for a rental arrangement with the buyer of your old house.

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Question by Mohanish - Feb 11, 2024Hindi

Money

My Bought my Flat in 2018 in Bengaluru for 63Lakh and now planning to sell it at 65L to 70L how much Capital gain tax do i need to pay. The registered value as per the property document made in 2018 is 48L only. What is the best way to save capital gain tax amount.

Ans: To save tax on long term capital gain; you can invest consideration amount to acquire house property and get exemption u/s 54. As per section 54, if you want to buy a residential house property from long term capital gain from sale of house property then you must buy the residential house property 1 year before or 2 years from date of such transfer of shares or construct the house property within 3 years from date of transfer of such property.

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Question by Anand - Jun 05, 2024Hindi

Money

Dear sir i had purchased a commercial property in 2010 for 9 lakhs and now selling it for 60 lakhs how can i save capital gain occured on it? Even ready to invest.

Ans: You have to first calculate the capital gains after indexation and than you can either pay tax or invest in capital gain deposits.
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Asked by Anonymous - May 23, 2026Hindi

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Sir,my son is selected for IIT Kharagpur for Mechanical Engineering or he is also selected for CSE Thapar Engineering College. Which is better

Ans: If possible, prefer Mechanica @ IIT Kharagpur until he is not inclined towards CSE. IIT is a big brand name compared to Thapar. Or you can wait for lower tech branches @ IITs (you did not mention the score of JEE adv)

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on May 23, 2026

Asked by Anonymous - May 23, 2026Hindi

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Sir, Which is the best option kindly suggest. NIT trichy E&E, NIT -Rourkela /NIT W / NIT Calicut - ECE, MNNIT Allahabad-CSE , IIIT Allahabad - IT. Got CRL 5340 , JEE main 2026 with home state UP

Ans: Preference order may be: IT @ IIIT Allahabad > CSE @ MNNIT Allahabad > EEE @ NIT Trichy > ECE @ Rourkela

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Question by Poonam - May 23, 2026Hindi

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Sir, my son wants to do mechanical engg. or aerospace. Looking the current scenario where CS is everywhere, is it good to go for ME. his JEE percentile is 97.46(Gen,UP)).

Ans: Yes, Mechanical/Aerospace is still a good choice if he genuinely likes core engineering. He has a good chance with some NITs and IIITs.

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Question by Venkata - May 23, 2026Hindi

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Sir ,I got a seat in vit ap CSBS in category 1 and i also have a aeee rank of 14,000 and intermediate marks of 979 can I try for sastra cse ,what will we good for future placement? Do you think i should take csbs in vit ap

Ans: Prefer CSE @ Sastra compared to VIT AP. Take VIT-AP CSBS only if better CSE options are not available.

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Radheshyam Zanwar |7628 Answers |Ask -Follow

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Asked by Anonymous - May 23, 2026Hindi

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Sir my daughter from SC category got CRL 245740 and SC 14001 rank in jee mains and 31202 rank in ts EAMCET and she got 74.8 percentage in 12th cbse boards. She want cse or mechanical branch in engineering. What would be the choices

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on May 23, 2026

Question by Pruthvirajsinh - May 23, 2026

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My son got comedk in 111 marks gujrat Hsc overall 91.40% pr. HSC science 86.32 % GUJCET 84.44% Jee mains CRL rank 102855 EWS Catagory rank 15516. Home state gujrat. Nirma aur PDEU Ke Admission me apply Kiya hai. Ab final kya choose karna sahi rahega. Please advise me.

Ans: Prefer Nirma if CSE/IT is available. For CSE/ICT, prefer PDEU. COMEDK (111) also gives good Bangalore college backup options. (Ramaih, Dayananad, Bangalore Institute of Technology, RNS, etc.)

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on May 23, 2026

Asked by Anonymous - May 23, 2026Hindi

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I got 93.04%ile in jee mains 2026. I belongs to gen category but I have applied for ews category which possibly will be ready before June. Please suggest me for any good options in josaa and csab for IIITs or NITs. My home state is West Bengal.

Ans: You can hope for lower branches at Durgapur NIT, IIITs like Kalyani, and ECE/IT/CSE specialisations in CSAB rounds; newer NITs/IIITs also look achievable.

Good luck.
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Radheshyam

Asked on - May 23, 2026 | Answered on May 23, 2026

Which NITs and IITs are possible?

Ans: NITs like Durgapur/Agartala/ Silchar/Meghalaya. IIITs like Kalyani/Bhagalpur/Dharwad/Ranchi etc.

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Question by P - May 23, 2026Hindi

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Sir, my daughter got Integrated CSE AIML course in SRM AP and integrated CSE in Vit. Which one is better.

Ans: If possible, prefer Integrated CSE @ VIT if it is in Vellore, else go with CSE AIML @ SRM

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T S Khurana |566 Answers |Ask -Follow

Tax Expert - Answered on May 23, 2026

Question by Surya - May 07, 2026Hindi

Money

Which term insurance is better for me? I am a 31 year old male. I am unmarried and plan to marry in the next 1 to 3 years. I plan to have children later and take a home loan in future. My current salary is 24.5 LPA. I already have assets worth more than 10 crore. My family members have lived beyond 75 years. My mother passed away at 40 due to brain stroke. I am considering two plans: Option one cover of 3 crore till age 75 Option two cover of 4 crore till age 65 Which option is better?

Ans: Your selection of Option One : Cover of Rs.3 crores till the age of 75 seems better, in view of your family age history.
Most Welcome for further clarifications, if any. Thanks.

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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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