Hello Mr. Vivek, I am retired from private service and now doing technical consultancy, earning some monthly amount which is coming below taxable income. My father built a house on a plot, which was on my name about 30 year back at Chandigarh. The plot was on lease for 30 years and not a free hold. Now we like to sell it off. I have one younger brother and I have share 50% of sell amount with him. Can the tax liability on capital gain, which may be on me, be share with him or not. Please advise. Thanks in advance. R. Lal

Ans: Before answering your question, I want to clarify that, for BITSAT, a minimum score of around 250–260 is generally expected for MSc programs and 300+ for BE programs, so given your son’s 99.37 percentile in JEE Main and his appearance for JEE Advanced targeting IITs, it’s advisable not to prioritize BITS Pilani, as admission to top branches there is unlikely with this profile. You and your son should decide whether you prefer government or private colleges, or are open to both. All branches are good, and he should choose based on current interest while remaining adaptable if preferences change by the 2nd or 3rd year, besides considering job market trends. For example, a student joining ECE might later shift interest to CSE and succeed in software placements. Based on his JEE Main score, a tentative preference order could be NIT Calicut, Surathkal, Warangal, and Trichy (if available), then COEP Pune CSE, followed by NIT Surat, Kurukshetra, Calicut ECE/EE, tier-2 IIIT CSE, and specialized AI/DS branches only at reputed institutes. COEP CSE is a strong option with a 2024–25 average placement of ?11.62 LPA, a highest package of ?52.57 LPA, and a 91.82% CSE placement rate, so choosing COEP CSE over a lower-tier NIT EE branch and preferring a good NIT ECE over weaker IIIT or specialized branches are recommended. While AI/DS is promising, CSE offers broader flexibility. If your son performs well in JEE Advanced, these choices and options may improve significantly. It’s best to finalize after the JEE Advanced results are out. All the BEST for Your Son's Prosperous Future!

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