I have to sell some shares of a particular large company, originally purchased in 1970 and thereafter getting increased through Bonus Shares in different proportions till last in Aug 2016. Meanwhile the company has also changed its face value from Rs 10 to Rs 1 per share in 2003-2005 or so, and thus increasing the no. of shares. Now I only know about the total nos of shares I have presently.

My query is:

1. How to calculate its purchase cost, capital gains and taxable income?

2. Is LTCG rule for Grandfathering applies in this case also by taking FMV on 31.1.2018 of this share?

3. If I want to sell partially does FIFO rule to be taken for calculating capital gains apply?

4. What will be the taxation process (better if it can be illustrated by example with dates as above for better understanding) and to be shown under which schedule & in which ITR form no.

Please enlighten me about the same as utter confusion is there.

Ans: Given your performance in board exams, particularly in Mathematics, I strongly recommend having a Plan B and Plan C instead of solely focusing on JEE, considering various factors. However, to address your query, here’s a brief clarification:

Your eligibility for JEE Advanced is primarily determined by the year of your first Class XII attempt. Since you first appeared for the exam in 2024, you are eligible to take JEE Advanced in 2025, but not in 2026. Changing your board to NIOS or any other alternative will not reset your eligibility, as the first attempt year remains unchanged. All the best for your admissions!

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Ans: May be IIIT

Ans: Category?

Ans: Slim chance

Ans: Bhopal

Ans: No

Ans: Aryan, Apart from JoSAA Counselling Process, you can also participate in JAC-Delhi Counselling Process which I hope you might be aware of.

Now, coming to your Question.

How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide

After the result of January JEE-Session is declared, RediffGURU has been getting standard questions from Students & JEE Applicants regarding the eligibility for particular Institute (NIT or IIIT or GFTI etc.) based on their Percentile scored, their Category, their preferred Branch & their Home State.

Providing information for each JEE Applicant based on these factors can be challenging. Some of the reputed Education based websites provide 'College Predictor' facility. Though you can check the same with your percentile based on your category etc., I would suggest all of you the following steps to know the chances of getting the Institute / Branch, based on last year's data. Please note, you will get a fair idea based on the last year's data (not an accurate idea). Now, here are the simple and most effective steps:

STEP 1: Note down your percentile, category, institute types preferred (NIT, IIIT or GFTI), preferred locations or you are ready for any location in India, Academic programs you prefer (list out minimum 3 programs you prefer as back-ups, instead of relying only one program) & the most important factor is your Category (General-Open or SC or SC (PwD) or OBC-NCL (PwD) or EWS (PwD) or Open (PwD) or ST or EWS or OBC-NCL?)

STEP 2: Convert your Percentile into Rank, the formula for which is available in Google.

STEP 3: Just type in Google, 'JoSAA Opening & Closing Ranks 2024'. Click the 1st Result. You will land directly into the JoSAA's Website that too into the window where you can put the inputs based on what you have noted down in STEP 1 Above.

STEP 4: 1st it asks for Round Number as around 5 rounds are held in JoSAA's Counselling Process. I suggest you, choose the 4th Round option on safer side.

STEP 5: Choose the Institute Type (NIT or IIIT or GFTI). If you are ready for all, better to go one-by-one.

STEP 6: As far as the Institute Name also (based on location), I suggest you to go one-by-one (institute) based on your preference (Avoid Choosing ALL to avoid confusion).

Choosing one-by-one will take time, but recommended.

STEP 7: Fill in the Academic Program (based on in your order of preference one by one).

STEP 8: After choosing the right options, applicable to you, click SUBMIT button.

You will get a detailed list of opening and closing ranks, based on your options chosen

STEP 9: Now start noting down the Opening & Closing of Each Institute & Each Branch you preferred in your Dairy or note-book for quick reference when you participate in JoSAA Counselling.

STEP 10: MOST IMPORTANT: Write 2 different columns for Opening & Closing Ranks in your dairy for each Institute. On SAFER SIDE, consider the Opening & Closing Ranks litter lesser than that of 2024 as the same fluctuates every year but not significantly.

Let me explain with an example. You have filled in as follows. Round 4 | NIT | NIT-Delhi | Mechanical Engineering | OPEN Category, the output of which shows Opening & Closing Ranks as '8622 & 26186' for HOME STATE Open Category. You should consider as / change to '8300 & 23000' (on a safer side). Let us take into consideration the Female Category for the same. Opening & Closing Rank shows '34334 & 36212'. You change it to '31000 & 33000' (on a safer side). Based on this example, you can change accordingly for OTHER STATES & your Category.

As already mentioned, Opening & Closing Ranks vary every year but not significantly, as such, suggested to change the same to lesser number and note down in your diary or in a separate note-book for quick reference while participating in JoSAA's Counselling Process.

You can follow the same steps for your JEE-April session & JEE-Advanced too.

Hope, you have thoroughly understood the above explained in a very simple and very easy-to-understand language.

If time permits to know about the JoSAA's Counselling Process, please watch one of the 180 Videos of EduJob360 on 'JoSAA Counselling Process', Engineering Entrance Exams & Preparation Strategies for the same.

All the Best for Your Son's Prosperous Future.

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

Ans: How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide

After the result of January JEE-Session is declared, RediffGURU has been getting standard questions from Students & JEE Applicants regarding the eligibility for particular Institute (NIT or IIIT or GFTI etc.) based on their Percentile scored, their Category, their preferred Branch & their Home State.

Providing information for each JEE Applicant based on these factors can be challenging. Some of the reputed Education based websites provide 'College Predictor' facility. Though you can check the same with your percentile based on your category etc., I would suggest all of you the following steps to know the chances of getting the Institute / Branch, based on last year's data. Please note, you will get a fair idea based on the last year's data (not an accurate idea). Now, here are the simple and most effective steps:

STEP 1: Note down your percentile, category, institute types preferred (NIT, IIIT or GFTI), preferred locations or you are ready for any location in India, Academic programs you prefer (list out minimum 3 programs you prefer as back-ups, instead of relying only one program) & the most important factor is your Category (General-Open or SC or SC (PwD) or OBC-NCL (PwD) or EWS (PwD) or Open (PwD) or ST or EWS or OBC-NCL?)

STEP 2: Convert your Percentile into Rank, the formula for which is available in Google.

STEP 3: Just type in Google, 'JoSAA Opening & Closing Ranks 2024'. Click the 1st Result. You will land directly into the JoSAA's Website that too into the window where you can put the inputs based on what you have noted down in STEP 1 Above.

STEP 4: 1st it asks for Round Number as around 5 rounds are held in JoSAA's Counselling Process. I suggest you, choose the 4th Round option on safer side.

STEP 5: Choose the Institute Type (NIT or IIIT or GFTI). If you are ready for all, better to go one-by-one.

STEP 6: As far as the Institute Name also (based on location), I suggest you to go one-by-one (institute) based on your preference (Avoid Choosing ALL to avoid confusion).

Choosing one-by-one will take time, but recommended.

STEP 7: Fill in the Academic Program (based on in your order of preference one by one).

STEP 8: After choosing the right options, applicable to you, click SUBMIT button.

You will get a detailed list of opening and closing ranks, based on your options chosen

STEP 9: Now start noting down the Opening & Closing of Each Institute & Each Branch you preferred in your Dairy or note-book for quick reference when you participate in JoSAA Counselling.

STEP 10: MOST IMPORTANT: Write 2 different columns for Opening & Closing Ranks in your dairy for each Institute. On SAFER SIDE, consider the Opening & Closing Ranks litter lesser than that of 2024 as the same fluctuates every year but not significantly.

Let me explain with an example. You have filled in as follows. Round 4 | NIT | NIT-Delhi | Mechanical Engineering | OPEN Category, the output of which shows Opening & Closing Ranks as '8622 & 26186' for HOME STATE Open Category. You should consider as / change to '8300 & 23000' (on a safer side). Let us take into consideration the Female Category for the same. Opening & Closing Rank shows '34334 & 36212'. You change it to '31000 & 33000' (on a safer side). Based on this example, you can change accordingly for OTHER STATES & your Category.

As already mentioned, Opening & Closing Ranks vary every year but not significantly, as such, suggested to change the same to lesser number and note down in your diary or in a separate note-book for quick reference while participating in JoSAA's Counselling Process.

You can follow the same steps for your JEE-April session & JEE-Advanced too.

Hope, you have thoroughly understood the above explained in a very simple and very easy-to-understand language.

If time permits to know about the JoSAA's Counselling Process, please watch one of the 180 Videos of EduJob360 on 'JoSAA Counselling Process', Engineering Entrance Exams & Preparation Strategies for the same.

All the Best for Your Son's Prosperous Future.

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

Ans: Once the correction window (if already opened for 2 days) has closed, altering your category becomes challenging. The details provided in your application are typically considered final for the purpose of result processing and rank list preparation. You can still try and call NTA's Contact Number and send a mail along with the proof of your EWS Category Certificate. Chances are less as generally, after the correction window is closed & changing your category during JoSAA counseling is not permitted, especially from an unreserved (General) category to a reserved category (EWS, OBC-NCL, SC, ST). This is because category-based reservations require prior verification and validation. All the Best for Your Prosperous Future.

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