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Mihir

Mihir Tanna  |1111 Answers  |Ask -

Tax Expert - Answered on Jun 15, 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
Manikandan Question by Manikandan on Jun 12, 2025
Money

The property is a flat and was registered on 24th Aug 2023. The certificate of completion was issued by authorities in September 2024 only as these are high raised towers. If we need to sell the property today, what will be the date of acquisition from Capital gains perspective? Will it be a LTCG or STCG?

Ans: In case you have acquired property from builder, date of allotment (usually on 1st installment payment) is date of acquition and holding period start from said date. Accordingly, if it is transferred after 24 months of allotment letter it is long term capital gain.
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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Hello Sir/Ma'am My daughter has secured 4150 AIR and 602 Obc Rank What options does she have? She can get tier 3 NLUs, can she get any tier 2 in vacant seats? RMLNLU( she has UP Domicile) ? She can also get DU BA/BBA LLB, should she go there over tier 3 NLUs? Also she is considering taking an edu loan, is it viable for the college options she has?
Ans: Hi Neha Madam,

You have made multiple queries regarding admission opportunities. I am pleased to inform you that she has excellent prospects with an OBC rank of 602 and UP domicile for several top-tier and mid-tier National Law Universities (NLUs) through CLAT.

At RMLNLU Lucknow (Tier 2), there are high chances of securing a seat. Additionally, there are also opportunities available at other Tier 2 universities such as Bhopal, Gandhinagar, and Raipur.

In Tier 2 itself, the chances are promising, so naturally, there are very good opportunities in Tier 3 as well, including universities in Assam, Nagpur, and Shimla.

Regarding Delhi University (DU), both the BA LLB and BBA LLB programs are competitive but possible. However, since she has a good chance of getting into a Tier 2 university, it may be advisable to pursue that option rather than competing for a spot at DU. If she is truly interested in DU, she may apply, but Tier 2 options are more favorable.

Once she joins a university, she can apply for scholarships. Being a meritorious student, she is likely to receive support for an education loan. There's no need to worry; the education loan can be applied for through the Vidyalakshmi portal. Visit the website and register to get support from the bank.

BEST WISHES.

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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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