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Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on May 20, 2023

Mahesh Padmanabhan has specialised in payroll, personal and corporate taxation for more than two and a half decades, enabling him to provide practical, realistic and correct advice to his clients.
He is a member of The Institute of Chartered Accountants of India and has a degree in cost accounting from the Institute of Cost Accountants of India.
He is also a qualified information systems auditor. ... more

Question by Rashmi on Mar 21, 2023Hindi

Money

How do one arrive at capital gain for Gruh shares held prior to 2000 after conversion to Bandhan?

Ans: Hi Rashmi
You could use the following for the purpose of calculation of cost

1136 Bandhan Shares (2000 x 0.568) x Rs. 1044.37 (Gruh's grandfathered rate on 31-1-2018 rebalanced to the conversion proportion i.e. 593.20 x 1000 / 568) = Rs. 11,86,400

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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Question by AKUMA - Feb 04, 2024Hindi

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I BOUGHT SHARES FOR RS. 10LAKHS IN THE YEAR 2012. NOW THE CURRENT VALUE IS RS.30 LAKHS. SHALL I PAY CAPITAL GAIN

Ans: Capital gains is only applicable once you sell those shares. Further, you will also get the benefit of indexation on the cost and your 10 lakhs will be adjusted and become approx. 17 lakhs. The difference of 13 lakhs will be subjected to capital gains tax @ 10%. However, you can either invest in bonds / immovable property (assuming you own only one property) and save this tax.

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Question by Vp - Feb 17, 2024Hindi

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Sir, I have purchased shares some 15-20 years back, they have been demated earlier. I dont know(remember) the purchased price and date of purchase. If i sell the shares, how can i show the long term capital gain tax in I/TAX return?

Ans: It will difficult to calculate the capital gains if the purchase price is not available. Do not sell everything in the same financial year then you may be exempt and capital gains may be below 1 lacs. Again everything is on assumption.

Please take your CAs advice before moving ahead.

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Question by SHRIKANT - Sep 10, 2024Hindi

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Sir, I have properties like plots, Which were purchased by my parents as agricultural land and further converted to KGP/KJP plots in the year 2001. Now I sold in FY 23-24. Then what will be the structure for capital gains. Whether 10%or12.5% or 20%? Whether they comes under long term?

Ans: 01. Since it is not Agricultural Land any longer, it shall be taxed as normal capital gain.
02. You have sold property during F/Y 2023-24, you shall be subject to :
LTCG Tax Rate of 20%, with Indexation.
Most welcome for any further clarifications. Thanks.

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Question by Pal - Feb 22, 2025Hindi

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My son got 98.52 per in jee 2025. Can he get admission CS in delhi

Ans: Hello Pal
Yes. He can get admission to CSE in Delhi.

If you like the reply, pl follow me else ask again without any hesitation.
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Question by nishtam - Feb 22, 2025Hindi

Career

Hello sir this is Nishat , I passed my 12th in the year 2023 with a good percentage but however I couldn’t see it for chemistry exam. So obviously I failed in that subject so I decided to again reappear for that exam and in 2024 I gave betterment exam from my state board in the subject biology and chemistry. However I scored far better in biology than last time but (Chemistry) I don’t know maybe it’s it’s because of the issues that we have with our board. I couldn’t score good marks so even I had decided to give (Chemistry) separately and so in 2024. I again set for (Chemistry) exam under nios I and I scored 80 so now the thing is that I’ll be having two mark sheet so while applying in need I cannot possibly select the code 2 because although I already have the state board certificate but the NIOS certificate is not yet out and it will be out by end of the March sir can I possibly select the code one that is appearing or will it create problems while counselling or is there any other option please help me out sir , I’m very desperate like I have prepared for neey for the last two years and I don’t want to put my hard work into vain. Please Sir help me out

Ans: Hello Nishtam
Please select code 1 without any fear. Focus more on your study. But considering your fear and anxiety with the chemistry subject, it is recommended that you choose other options than NEET. This time you appear without any fear.

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Feb 22, 2025

Asked by Anonymous - Feb 21, 2025Hindi

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Sir I'm a pcb student but in cet from I have apper for pcm in my 12 i have dropped maths

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If you have dropped Maths, then how can appear PCM CET? Your question is not clear. Please ask again in the follow-up section.
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Question by Prantika - Feb 21, 2025Hindi

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I got 94.15 percentile in jee 2025, general category,i just wanted to ask should i prepare for mains 2 + advance or just mains 2

Ans: Hello Prantika
Please prepare for JEE (Mains)-2 only.

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Feb 22, 2025

Asked by Anonymous - Feb 22, 2025Hindi

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I got 94.83 percentile in jee main 2025 first attempt pls suggest me the colleges and it's possible branches I am general ews

Ans: Hello Dear.
With a score of 94.83, you can get admission to top engineering branches in reputed colleges. There are many branches and you have to choose as per your interest. Please do not choose the branch on the advice of any counselor. Your choice matters more.
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Question by Sanjiv - Feb 22, 2025Hindi

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My son got 99.30 in jee mains 2025.Home town Haryana.Whuch is best CSE for him.

Ans: Hello Sanjiv
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If you like the reply, please follow me else ask again without hesitation.
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Asked by Anonymous - Feb 22, 2025Hindi

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My son in jee session 1. 24 Jan2025 2nd batch. He got NTA score 46.4037710 pl what percentile he get and any good colleges eligible for this.

Ans: Hello.
Depending on his score, it is difficult to get admission to premier institutions like NITs, IIITs, or GFTIs but several reputable private engineering colleges accept students with lower JEE Main scores. Please locate the reputed private college nearby you or in your state or if your financial position is sound, you can keep the options open to pan India. Some of the options are (1) Heritage Institute of Technology, Techno India University, Institute of Engineering and Management (IEM) (Kolkata) (2) Anurag University, AAR Mahaveer Engineering College (Hyd) (3) Bangalore Institute of Technology, R.V. College of Engineering, M.S. Ramaiah Institute of Technology (Bengaluru).

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Asked by Anonymous - Feb 19, 2025Hindi

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Ans: Hi, It would be better to complete a science degree first. After finishing your science degree, consider pursuing a data science course as an additional qualification while enrolled in your postgraduate studies. Data science alone may not be sufficient for your career.

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Ans: Hi Sivakamy,

You mentioned only the NEET PG score, but that alone is not sufficient for admission to the course. Other factors are also considered in the admission process. Therefore, it's difficult to address your query with the limited information provided.

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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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