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Sanjeev Govila | Answer |Ask -Follow

Financial Planner - Answered on Dec 06, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Asked by Anonymous - Dec 04, 2023Hindi

Money

I have question on capital gain from unlisted/start up shares, what can i do to save capital gain tax?

Ans: Firstly determine whether the unlisted shares are long-term capital assets or short-term capital assets.

If the unlisted share have been held for more than 24 months, then it’s a long-term capital asset taxed at a flat rate of 20% with the benefit of indexation. Else, it is short-term capital asset and the gains would be taxed at the rate of 15%, if securities transaction tax is paid at the time of sale. In any other case, it would be taxed as per your tax slab.

To minimize the tax liability on sale of unlisted share you can opt for the following strategies:-
• Staggered selling: Consider selling your unlisted/startup shares in tranches over several years to spread out your taxable income and avoid falling into a higher tax bracket.
• Set off Capital Gain with any other Capital loss incurred on the sale of any capital asset.
• Also, Section 54F of the Income Tax Act, 1961, allows you to claim exemption from tax on long-term capital gains arising from the sale of any capital asset (except residential property) if you reinvest the entire net sale proceeds in the purchase or construction of a new residential property in India.

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 DK - Jun 12, 2023Hindi

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Hello Tejasbhai, How do I save Long term capital Gains earned out of profit from sale of shares.

Ans: You may invest in eligible start-ups or may invest in REC bonds or invest in residential property and also in NPS scheme or ELSS schemes. You can c/f the losses on shares sale for 8 years as well, in case of losses.

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Sir I given land for developement I got this from my grandfather. I got 70 lakhs capital gain how to save tax in investment

Ans: To save tax, you can acquire house property and get exemption u/s 54F. As per section 54F, if you want to buy a residential house property from long term capital gain from sale of shares then you must buy the residential house property 1 year before or 2 years from date of such transfer of shares or construct the house property within 3 years from date of transfer of such shares. If amount can not be utilised before filing return then amount should be kept in CGAS.

To get the benefit of Sec 54F, person should not own more than one house property on the date of transfer of asset and not on the date of acquiring new residential property.

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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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Hello, I have completed BCOM degree specialised in accounting and finance also has certificate of US CMA thinking of continuing MCOM in India. Later I want to go abroad. Could you recommend what can I study further or should I apply for jobs there?

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Asked by Anonymous - Oct 08, 2024Hindi

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Hi krishna, I wana restart my career and i need an advise. Hope you can try to help me! Im 30 now, I persuaded my btech csc and passed out year was 2015. After that i did two years a small job in bpo and then im married and left the country with my husband, after 2 years i had a baby and corona time, all these years i was busy with personal life and stuff. And now we are back to hyd and wana start my career but i have never been interested in IT career , since i did a graduation in that my family is forcing me to join in that field again which i cant, iam always interested in studying mba in abroad and none are encouraging me because i have a kid... and now i dont know what to do... its really hard for me now to choose what to do ... if you can please give a word for me, thanks

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Asked by Anonymous - Oct 06, 2024Hindi

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I’m Suresh from Ahmedabad. I’m 47 with one daughter, aged 15. I’ve been investing Rs 50,000 a month in equity mutual funds for the last 5 years. My goal is to accumulate Rs 2 crore for my daughter's education and our retirement. Am I on track, or do I need to adjust my portfolio?

Ans: Let's analyze your investment scenario and suggest possible adjustments:

Current Situation:

• Investment: Rs 50,000 monthly in equity mutual funds
• Tenure: 5 years
• Goal: Rs 2 crore for daughter's education and retirement
• Time Horizon: Assuming retirement in 20 years (when your daughter is 35)

Analysis:

• Accumulated Amount: Considering an average annual return of 12% (which is reasonable for equity funds over a long term), you would have accumulated approximately Rs 58.5 lakhs after 5 years.
• Gap to Goal: To reach Rs 2 crore in 15 years (remaining till retirement), you'd need an annual return of around 15%, which is achievable but might involve some volatility.

Recommendations:

• Increase Investment: To bridge the gap and account for potential market fluctuations, consider increasing your monthly investment by 15-20% to Rs 60,000-65,000.
• Review Portfolio: Ensure your equity fund portfolio is well-diversified across different sectors and market caps. This helps mitigate risk and capture potential growth opportunities.
• Consider Debt Funds: As your retirement nears, gradually allocate a portion of your investments (around 20-30%) to debt funds or hybrid funds. This provides some stability and reduces overall risk.
• Emergency Fund: Maintain an emergency fund of 3-6 months of your expenses in a liquid savings account or short-term debt funds to cover unexpected expenses.
• Regular Review: Review your portfolio periodically (at least annually) to assess its performance against your goals and make necessary adjustments.
• Remember: Investing in equity funds involves market risk, and returns are not guaranteed. It's essential to stay disciplined, invest for the long term, and consult with a financial advisor if needed.

Disclaimer: This analysis is based on assumptions and general market trends. It's always advisable to seek personalized advice from a qualified financial planner.

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Asked by Anonymous - Oct 01, 2024Hindi

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My score is 275 can i and my domicile is bihar can i get a good private medical college under total budget of up to 75 lakh including all the expenses hostel, and other charges? If yes then which college are they??

Ans: Hi
there are chances of getting a college at this score.
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Shree Narayan Medical Institute and Hospital,

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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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