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Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on Feb 22, 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

Asked by Anonymous - Feb 21, 2023Hindi

Money

purchased ICICI children growth bond in 2001 on the name of my son. Same has been redeemed in 2022 after maturity. My Son is 22 years old and having PAN also which was submitted to ICICI along with details of his account number after attaining 18 years of age. Redemption amount has been credited to my son's account but TDS has been deducted against my PAN. Is this okay as per IT rules?, any possible corrective action?

Ans: Hi
Generally all financial institutions have a defined policy on investments held by minors and what should be the process of updation of system on such minors attaining the age of majority.

You could check with the institution on their policy and seek appropriate redressal to this issue

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 Sneha - Apr 29, 2023Hindi

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My dad purchased 20,000 child growth bond on 2002 in icici.The redemption date is over and I send mail 20+ time but no reply? What should I do next?

Ans: Sorry Sneha
It is not clear what instrument did you buy because I’m not aware of anything called child growth bond. Also, ICICI group has a large number of companies like ICICI Bank, ICICI Securities, ICICI Prudential Life Insurance, ICICI Lombard General Insurance etc.

Unless you give correct and complete details, and address it to the right company, you would not be able to get the response that you desire.

From my personal experience, ICICI companies are generally quite responsive.

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I took 5 children growth bond of icici for rs. 5000 in 2002 . They have matured in 2023. However ICICI investor centre does not respond nor are they sending the maturity amount. Whom to approach. ICICI bank or demat centres of ICICI are also not ready to respond. Please help whom to approach for redemption.

Ans: Please approach the BANK as these bonds are issued by them.

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Asked by Anonymous - Feb 22, 2025Hindi

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Sir my son got 84 percentile jee main (Session 1 jan 2025), He also got a seat in electrical and computer engineering in Shiv Nadar, Greater Noida. CSC in Bennett university (Greater Noida). Which is a better choice ? 12th is done from Delhi

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Prefer CSE @ Bennett.

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

Ans: Hello Pal
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Question by nishtam - Feb 22, 2025Hindi

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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

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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

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Ans: Hello Dear.
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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.

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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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