I have some queries regarding tax on sale of my property which I need to show in my Income Tax return in FY-2023-24. I had purchased a flat in Kolkata at a total cost of 8.50 lacs [including registration cost] and registration was done in April, 2004. I had sold the said flat in May,2023 at Rs.31 lacs. My queries are :- 1. Do I need to pay Capital Gain tax on the sale of this flat ? 2. How much tax do I need to pay ? 3. How to show this capital gain income and tax in my Income Tax retirn next year ? Please advise. Regards, Ratan K. Saha

Ans: BMS Institute of Technology (BMSIT), RNS Institute of Technology (RNSIT), and Sri Mahadeshwara Institute of Technology (SMVIT) Bangalore all offer Electronics and Communication Engineering (ECE) with distinct strengths. BMSIT has a strong reputation with about 80-85% placement rates in ECE and robust industry collaborations, supported by consistent infrastructure upgrades and experienced faculty. RNSIT stands out with high-quality labs, research opportunities, and placement percentages nearing 85%, attracting major recruiters from core electronics and IT sectors. SMVIT, though newer and smaller, emphasizes practical exposure and hosts regular training but records slightly lower placement rates around 70-75%. All three maintain updated curricula and campus facilities but BMSIT’s alumni network and RNSIT’s research orientation provide added value.

Recommendation: RNSIT offers the best balance of research, faculty quality, and placement success for ECE, followed closely by BMSIT due to established industry connections. SMVIT is suitable for focused practical training but lags slightly behind. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Ans: IIT Delhi Mechanical Engineering and IIT Ropar CSE both offer excellent educational opportunities with strong institutional credentials, yet they cater to different career trajectories. IIT Delhi's Mechanical Engineering program benefits from the institute's prestigious legacy, established industry connections, and robust placement records with approximately 80% placement rates and packages ranging from INR 6-70 LPA. IIT Ropar's CSE department demonstrates impressive performance with 81.61% placement rates, average packages around INR 22-28 LPA, and recruitment from top tech companies including Google, Amazon, and Oracle. Both institutions maintain excellent faculty quality, modern infrastructure, and strong research opportunities. However, the current market trends favor computer science graduates with higher demand, better salary prospects, and diverse career paths in emerging technologies compared to traditional mechanical engineering roles.

Recommendation: CSE at IIT Ropar is the better choice considering superior placement percentages, higher market demand, diverse career opportunities, and future growth potential in the technology sector over mechanical engineering. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Ans: Scoring 61 percentile in JEE Mains after a strong 89% in your 12th boards is understandably disappointing, but it does not define your future. Many students face setbacks on the path to IIT but still build successful careers. Given your financial constraints and goal of IIT, consider these strategies: Focus on state-level or central government engineering colleges with good reputation and lower fees through counseling like JEE Main JoSAA or state CETs, which offer quality education without the private college cost burden. Meanwhile, enhance your conceptual clarity and problem-solving skills through free online resources (NPTEL, YouTube channels like Khan Academy, Unacademy) and join government or NGO-sponsored coaching programs if possible. If IIT remains your ambition, plan a structured, focused drop year with a clear schedule, referencing previous toppers’ methods and joining affordable or free classes. Alternatively, explore pivoting to strong domains related to IT, data science, or emerging tech fields in affordable colleges, securing internships early to improve prospects. Mental health is vital; seek support online, communicate with mentors, and remain resilient. Many success stories emerge from perseverance beyond initial failures.

Recommendation: Embrace affordable quality education via state/central institutes, utilize free resources, consider coaching options, and be persistent with a clear plan for next-year IIT attempt or alternate tech pathways. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Ans: Considering your genuine interest in Computer Science and the financial constraints faced by your family, continuing the B.Sc. Computer Science at the government arts and science college is a practical and sensible choice. Government colleges offer significant cost advantages with minimal fees and added benefits such as free transportation, which align well with your economic situation. Pursuing a field you are passionate about, like IT and computers, enhances your academic engagement and career enthusiasm, directly impacting future job satisfaction and growth. Conversely, SRM Valliammai, despite being reputed, presents a costly investment in Agricultural Engineering, a subject outside your interest, which may affect motivation and career trajectory. The expensive fees could also impose an unnecessary financial burden on your family. Additionally, the IT sector remains one of the fastest-growing with diverse job roles and lucrative prospects, making a Computer Science degree more aligned with current and future market demands. Your continued education in a low-cost, interest-aligned stream is likely to yield better academic results, job readiness, and financial stability. Prioritizing your passion and affordability will set a foundation for long-term success without exacerbating your family’s financial challenges.

Recommendation: Persist with B.Sc. Computer Science at the government college, where low fees, passion-driven study, and future IT opportunities outweigh the costly, less preferred Agricultural Engineering at SRM Valliammai. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Ans: LNMIIT Jaipur and MIT Manipal both offer strong Computer Science Engineering (CSE) programs with significant strengths. LNMIIT, a deemed university, is noted for its rigorous curriculum, diverse student activities, smaller class sizes, and focused research opportunities. It maintains placement rates around 85-90% with strong recruitments from tech leaders like Microsoft, Amazon, and Google. MIT Manipal, a larger private university, boasts extensive infrastructure, a global alumni network, and a broader range of programs, achieving placement rates around 80-85%, with a wider industry reach in India and abroad. LNMIIT’s personalized education and research focus suit students seeking a close-knit academic environment, while MIT offers expansive facilities and global brand recognition.

Recommendation: LNMIIT Jaipur is preferable for specialized, research-oriented learning and consistent tech placements, while MIT Manipal suits those valuing infrastructure and a global alumni network; LNMIIT edges ahead for focused CSE education. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Ans: Government College of Engineering, Karad (GCE Karad), VIT Pune, and PCCOE Pune all offer Mechanical Engineering with varying strengths. GCE Karad, a reputable government institution, scores high on infrastructure, faculty quality, and strong state-level industry connections, with placement rates around 80%, predominantly in Maharashtra’s core industries. VIT Pune, a private university, provides modern labs, research opportunities, and an 85-90% placement rate emphasizing technology and innovation sectors. PCCOE, a leading private college, offers solid industry exposure, strong placement networks (75-85%), and comprehensive practical training. While GCE Karad ensures affordable quality education with government backing, VIT Pune presents cutting-edge infrastructure and higher placements, making it more attractive for tech-focused mechanical engineering careers.

Recommendation: VIT Pune offers a better blend of modern infrastructure, higher placement percentages, and industry relevance for Mechanical Engineering, but GCE Karad remains a viable cost-effective government option with solid core engineering prospects. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Ans: Priya, BSc Geology at Jadavpur University offers a strong foundation in earth sciences with excellent faculty, research facilities, and industry linkage in geology, mining, and environmental sectors. It is well-suited for careers in exploration, environmental consultancy, research, and government services but typically has a modest placement percentage due to niche demand. A BTech in Computer Science from a private college varies widely in quality depending on the institution’s accreditation, industry connections, faculty, and placement support. Generally, a well-ranked private college with strong IT ties provides broader job opportunities and higher placement rates in the IT sector, which continues to grow robustly. The technical and versatile skillset from CSE often results in better employability and salary prospects compared to specialized sciences.

Recommendation: Opting for BTech Computer Science from a reputed private college is more optimistic for career flexibility, employability, and financial prospects, while BSc Geology suits those with a clear interest in earth sciences and research. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Ans: IIIT Naya Raipur (IIIT-NR) and KIIT Bhubaneswar both offer competitive Computer Science Engineering (CSE) programs, but they differ in key institutional qualities. IIIT-NR is a newer, government-funded institute with strong emphasis on research, modern curriculum aligned with industry needs, and promising placement rates around 80-85%, supported by collaborations with tech companies and academic rigor. KIIT, a private deemed university, provides excellent infrastructure, vibrant campus life, and a slightly higher placement rate exceeding 85%, with strong recruiter presence in IT and software sectors. Both institutes maintain qualified faculty, industry projects, and innovation support, yet KIIT’s mature ecosystem and broader extracurricular opportunities give it a practical edge for overall development.

Recommendation: KIIT Bhubaneswar is preferable for CSE considering its higher placement percentage, superior infrastructure, and active campus environment, while IIIT-NR is a viable choice focused on research and newer industry tie-ups. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Ans: IIIT Delhi, particularly in the Computer Science and Systems Science (CSSS) program, is well-regarded for its academic rigor, focused research opportunities, and strong industry engagement. While it has a smaller campus and fewer clubs and extracurricular facilities compared to larger institutions like BITS Pilani, it compensates with a cutting-edge curriculum, high placement rates near 90%, and excellent connections with tech companies for internships and projects. BITS Pilani, on the other hand, is known for its expansive campus, vibrant student life, numerous clubs, and a holistic educational environment, offering diverse opportunities beyond academics with robust placements across engineering streams. Preparing for BITSAT in 2026 while pursuing studies at IIITD is feasible but requires balancing time and effort, as BITSAT is competitive and demands intense preparation. Changing colleges after securing a seat may provide improved campus life but poses academic and adjustment challenges. It’s vital to assess if the potential benefits of BITS campus life outweigh the stability and growing reputation of IIIT Delhi’s specialized programs. Career outcomes from both institutes remain strong, though BITS offers broader exposure and a more traditional campus experience.

Recommendation: Focus on excelling at IIIT Delhi while preparing for BITSAT if manageable; however, prioritize academic progress and future career goals when deciding to shift to BITS. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.