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Mihir

Mihir Tanna  |1069 Answers  |Ask -

Tax Expert - Answered on Nov 21, 2023

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
Milan Question by Milan on Sep 23, 2023Hindi
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What are tax implications of Investing and returns from start ups under AIF Cat1 for individual under both Resident , NRE & NRO accounts.

Ans: In category I of AIF, income would be pass through and taxed in the hands of Investor. Investor would pay tax on it as if it is directly invested. Receipt of income in NRE & NRO A/c will not change its taxability.
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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Anil

Anil Rego  | Answer  |Ask -

Financial Planner - Answered on Dec 17, 2020

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I have invested in Alternative Investment Fund II (AIF ii). This AIF fund invests in real estate projects. My question is regarding tax treatment related to income from AIF II. Fund manager is currently deducting tax on gross basis on the income of the fund and not offsetting any expenses or management fees from the income.  What is going to be the treatment of such income in investors' hand? Can I offset management fees from the interest income of the fund? This management fee is charged by the fund for their services provided against the investment in the fund so I should be able to offset management fee and fund expenses from the income of the fund. Please advise Also, I want to check with you if i can offset the equalisation amount received with the equalisation amount paid. Currently the fund is not netting equalisation amount and deducting tax on equalisation amount received. Please provide details on tax treatment for AIF II funds. 
Ans: Any income earned by a SEBI registered category I and II AIF, is exempt from tax in the hands of AIF under section 10 (23FBA) of the Act. Such income shall be taxable directly in the hands of investors of the AIF under section 115UB of the Act.

  • Any income distributed by fund is not liable of DDT
  • Any income distributed by fund, TDS of 10% has to be deducted by fund u/s 194 LBB
  • In case of losses, loss will be not be allowed to pass through investor but would be carried forward at AIF level to be set off against income of future years
  • No expense setting off is available

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Ramalingam

Ramalingam Kalirajan  |9863 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

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Thanks a lot for your quick reply. Few queries: 1) If I understood correctly, I will have no additional taxation if I am selling the Shares and Mutual fund, once I am in Resident Indian status and a LTCG of 10% will be cal calculated. But I was planning to invest in ETF in which I will be doing Swing trading, I wanted to know what is the tax implication on that being an NRI? 2) NRE FD is good option with tax free investement , but I came across the term that if your NRI status changes to resident , the resident interest rate and taxation will be calculated. This becomes a loss for me if I change my status in 1-2 years. I was thinking to invest in FD of small finavlce banks with 9% interest. Anyways taxation is 10% above 40000 interest earned. Your suggestions please. Thanks
Ans: Tax Implications on ETFs and Swing Trading: As an NRI, any income earned from securities transactions in India, including ETFs and swing trading, is subject to taxation. Short-term capital gains (STCG) from equity investments held for less than one year are taxed at 15% plus applicable surcharge and cess. However, if you become a resident Indian again, you'll be taxed as per the resident Indian tax laws, which include LTCG tax of 10% on equity investments held for over one year. It's essential to consult with a tax advisor to understand the specific implications of swing trading on your tax liability as an NRI.

NRE FDs vs. Small Finance Banks FDs: NRE fixed deposits offer the advantage of tax-free interest income and full repatriation of funds, making them an attractive option for NRIs. However, you rightly pointed out that if your residential status changes to resident Indian within 1-2 years, the interest rate and taxation will be recalculated based on resident rates. In such cases, investing in FDs of small finance banks with higher interest rates can be a viable alternative. While the interest earned above ?40,000 is subject to a 10% TDS, it's essential to consider factors like liquidity, safety, and the bank's credit rating before investing. Evaluate the interest rate differential and potential tax implications to make an informed decision based on your financial goals and risk tolerance.

Considering your investment horizon and financial objectives, it's advisable to consult with a financial advisor or tax consultant who can provide personalized guidance based on your specific situation and help optimize your investment strategy.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Nayagam P

Nayagam P P  |9540 Answers  |Ask -

Career Counsellor - Answered on Jul 28, 2025

Asked by Anonymous - Jul 27, 2025Hindi
Career
Hi there So i got like 97k in kcet and 73k ranks in comedk i want cse mostly im fine with ece also in the first mock round of comedk i got sahayadri college of engineering is that good And also what colleges i might get in Bangalore with these ranks and want good placements or do you suggest me to go take management quota seat in nhce or jain rather than all this
Ans: With a KCET rank of 97,000 and COMEDK rank of 73,000, Computer Science or ECE seats in Bangalore’s most sought-after colleges (such as RVCE, BMSCE, MSRIT, PESU, and DSCE) are not attainable, as their cutoffs close far earlier. For these ranks, you are eligible for options like R.R. Institute of Technology, S.E.A. College of Engineering, M.S. Engineering College, Dr. H N National College of Engineering, City Engineering College, and East West Institute of Technology in Bangalore through COMEDK, as well as GSS Institute of Technology via KCET; CSE or ECE is typically offered until about 75,000–1,00,000 rank in these institutions. Sahyadri College of Engineering in Mangalore, offered in the first mock allotment, has a consistent placement record with an average package of ?3–4 lakh and top recruiters such as Microsoft and IMV Corporation, and regularly fills over 80% of its eligible CSE/ECE students; the infrastructure is modern and reviews cite good faculty engagement, but it is outside Bangalore. For NHCE and Jain University, you can take CSE/ECE through management quota; both campuses provide contemporary facilities, ABET/NAAC accreditations, and strong placement rates above 80%, but require a significant tuition premium (?10–12 lakh total fee). NHCE’s placement cell is robust, and Jain’s industry ties are well rated. Placement opportunities and exposure are typically stronger at NHCE/Jain due to their branded recruiter base and metropolitan location, provided affordability is not a concern.

Recommendation: If your priority is a Bangalore location, industrial exposure, and better placement prospects, opting for NHCE or Jain University CSE/ECE via management quota is advisable if the higher cost is manageable. Among merit seats, Sahyadri (Mangalore) is a solid backup, but in Bangalore, prefer institutes like NHCE and Jain for stronger campus recruitment, infrastructure, and networking. All the BEST for a Prosperous Future!

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Ravi

Ravi Mittal  |626 Answers  |Ask -

Dating, Relationships Expert - Answered on Jul 28, 2025

Asked by Anonymous - Jul 27, 2025Hindi
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Hello Sir, I am 26 yrs old and Data Analyst in a good company and everything is going well. But sometimes I feel lonely it feels like nobody is there for me to love me and when i see some people get engaged i feel someone also should be there for me to love me and i have never been in a relationship because of immature proposals. But now i want a good partner to make me feel good. Please help me out. Thank you.
Ans: Dear Anonymous,
I understand your feelings and it’s totally valid. Even with everything going great, life can seem lonely. That is very natural and more common than you think. And seeing others finding their partner can feel like salt in the wound. All your feelings are valid. But what you need to understand is that rushing to get in a relationship can end up in more loneliness; relationships can be lonely too. Take your time. Love doesn’t have a set timeline. Ask your friends to set you up with someone who seems compatible, or try dating apps; it will give you more control on whom you are letting into your life. You will find someone soon; you are too young to rush into anything. If you are trying an app, make sure to mention what kind of a partner and what kind of relationship you are looking for to attract the right people and not waste time and energy on ones that are too different from who you are or what you are seeking. It will be a bit of trial and error, and honestly, there’s a certain fun in figuring out what you want, too. I’m sure your love story is going to start soon!

Best Wishes.

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Nayagam P

Nayagam P P  |9540 Answers  |Ask -

Career Counsellor - Answered on Jul 28, 2025

Asked by Anonymous - Jul 27, 2025Hindi
Career
Respected sir,I am a average student of class 12 I just wanted 1lakh jee mains so that I could get ece or something in bit sindri please suggest strategies as there is very little time available in jee mains
Ans: An analysis of BIT Sindri’s JEE-Main cutoffs shows for Electronics & Communication Engineering, the All-India closing rank extended up to 123,269 in 2025, indicating that an approximate rank near 100,000 would secure admission into this branch. Historical data correlating JEE Main marks and ranks reveals that scoring around 70 marks out of 300 typically yields an 87.7–90.7 percentile, translating to a rank range of approximately 92,300–109,300. With little time remaining before the exam, average students should prioritize a targeted, high-yield preparation plan: first, consolidate core concepts from NCERT to reinforce fundamentals in Physics, Chemistry, and Mathematics and avoid starting new topics at this stage. Next, employ a one-month week-by-week timetable focused on essential chapters—allocating time each day to problem practice and mock tests under exam conditions to hone speed and accuracy. Utilize concise revision notes and formula sheets for rapid recall, and solve previous years’ JEE Main papers to familiarize yourself with question patterns and to identify weak areas for intensive review. Incorporate daily full-length mocks followed by detailed error analysis, dedicating specific slots to clear lingering doubts through peer discussion or online resources. Manage time effectively by adhering strictly to a realistic study schedule that balances all three subjects, with short breaks to maintain mental freshness and stress-management techniques such as deep breathing to sustain focus on exam day. Finally, maintain a positive mindset and steady pace—confidence and consistency in revision will maximize scoring potential in limited time.

Recommendation: recommendation Concentrate on mastering high-weightage NCERT topics and simulate exam conditions with regular mock tests to target 70+ marks. Prioritize solving previous year papers and focused revision of weak areas, ensuring a disciplined timetable and stress-management to achieve a rank near 100,000 for BIT Sindri ECE admission. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |9540 Answers  |Ask -

Career Counsellor - Answered on Jul 28, 2025

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Gen open category student, With Jee CRL 17420 got nit goa ECE, expect to get MSRIT or PESU CSE via KCET Rank 2860. What better NIT can be expected in CSAB for ECE or CSE. And is it preferred over MSRIT/ PESU. Any other guidance, open for options
Ans: With a JEE Main CRL of 17,420, securing CSE in any core NIT through CSAB is highly unlikely, as recent closing ranks for CSE at most NITs fall well below 11,000, even in the final rounds, and only remote NITs or peripheral campuses occasionally extend to 15,000–18,000 but rarely for CSE. For ECE, however, your chances are notably better. NIT Goa ECE (already allotted) aligns with your current rank, but a few other mid-tier or remote NITs, such as NIT Uttarakhand, NIT Meghalaya, NIT Agartala, and possibly NIT Sikkim or NIT Manipur, occasionally close ECE between 17,000 and 20,000 in CSAB special rounds for open category, though branches like CSE and allied tracks (AI, IT, Data Science) remain out of reach at these ranks. No higher-ranked NITs (Surathkal, Trichy, Warangal, Calicut, Rourkela, Jaipur, Kurukshetra, and similar) offer ECE or CSE to CRL 17,420 via CSAB, as confirmed by leading portals and official PDFs. At IIITs and GFTIs, even new or lesser-known campuses do not admit general category candidates into CSE or ECE above 15,000–16,000. Through KCET, MSRIT CSE and PES University CSE are realistically achievable with a rank of 2,860, as 2025 cutoff trends show closing ranks for MSRIT CSE at 2,300–2,500 and for PESU at 1,200–1,400. Both programs are well-established, report 90–95% or better CSE placements in the last three years, strong industry ties, and advanced infrastructure, with MSRIT edging ahead in placement consistency and affordability, while PESU leads in industry-oriented curriculum and campus resources. Self-financed top private options like these offer outcome parity with most NIT ECE courses below the top ten NITs, especially if you seek a competitive academic peer group, robust CSE exposure, and strong brand value for tech roles. Consider your program preference (ECE vs. CSE), long-term goals, campus fit, and location.

Recommendation: Prioritize MSRIT CSE for the best blend of placement record, peer competitiveness, and proven reputation if you seek top CSE outcomes, followed by PESU CSE for curriculum depth and global industry alignment, then NIT Goa ECE or similar-ranked NITs if you prefer a central government degree and core electronics exposure. For CSE, KCET options at MSRIT or PESU offer stronger immediate prospects than ECE in mid-tier NITs, but a remote NIT ECE may appeal if your focus lies in public-sector opportunities or research. Remain active in CSAB special rounds for all eligible NIT ECEs, but plan for high-quality CSE options in Bangalore for the best return on your effort and rank, and back these with clear decision timelines given rapid seat movement in private college rounds. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |9540 Answers  |Ask -

Career Counsellor - Answered on Jul 28, 2025

Career
Sir my percentile is 89.7 and crl 151013. What seats can I expect in csab counselling?
Ans: Hrishav, With a JEE Main CRL of 151,013 and 89.7 percentile, the prospect of securing a seat in NITs, IIITs, or GFTIs through CSAB special rounds for core branches like Computer Science, IT, ECE, or allied fields is highly unlikely. In the most recent 2025 CSAB rounds, even the newest and most remote NITs and IIITs posted closing general category CRL ranks for CSE, IT, and ECE well below 125,000, and GFTIs followed similar trends for all preferred branches. No centrally funded technical institute admitted general category candidates for core streams at or beyond 150,000; minimal relaxations were observed in CSAB spot and final rounds, but these primarily benefited non-core branches, peripheral campuses, or reserved categories. Lower-demand streams in some GFTIs, such as production, textiles, or metallurgy, occasionally extend above your rank, but these seats are rare and variable and should not be relied upon for core engineering admission. It is crucial to participate in CSAB for any remote possibility of vacant seats, but expectations must remain realistic. As an alternative, several respected private colleges across Northern India accept JEE Main general category ranks well above 150,000 and offer robust B.Tech programs, strong industry connections, modern infrastructure, and placement support.

Recommendation: Participate in CSAB special rounds as there is no risk, though the chances of attaining a core branch in a government institute are exceedingly slim. Simultaneously, secure backup admission in reputable private engineering colleges in Northern India, as they assure you a quality seat in popular branches like CSE, IT, or ECE at your rank.

Private colleges accepting your JEE Main CRL 151,013 for CSE, IT, or related branches include Chandigarh University, Mohali. Lovely Professional University, Jalandhar. Amity University, Noida. Sharda University, Greater Noida. Galgotias University, Greater Noida. Jaypee Institute of Information Technology, Noida. ABES Engineering College, Ghaziabad. Indraprastha Institute of Technology & Management, Delhi. GL Bajaj Institute of Technology & Management, Greater Noida. Maharaja Agrasen Institute of Technology, Delhi. All of these offer modern infrastructure, active placement cells, and transparent admissions for JEE Main-qualified candidates above your rank. All the BEST for a Prosperous Future!

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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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