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Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on Aug 27, 2021

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more

Question by Shwetank on Aug 27, 2021Hindi

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I was working from June 2010-September 2017.

In this period, I have filed ITR. But, in September 2017, I have left my job and am pursuing studies now.

Since I didn't have a job since Sep 2017, I didn't file ITR.

Is it fine or I am missing something regarding ITR?

Please guide.

Ans: You do not need to file a return if your income is below the taxable limit.

However, since you were working in the past, it is recommended to file a 'NIL' income return/file a return for whatever income you receive including interest from deposits if you plan to start working again.

This will help you maintain a record for these years and avoid any notices from the department to file your returns.

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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Hello Mihir, first of all thanks for your valuable inputs in this column. last year my total income through salary, FD interest & shares was around 10 lacs. I haven't filled ITR even once ( experience of 15 years but salary was quite low so just skipped it). Now this year my total income has exceed 12 lacs & plan to file ITR in coming June, so can i file it only for current year or will have to compulsorily file it for last year/s as well? Thanks again.

Ans: Current year return can be filed without filing ITR of earlier year.

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Hello Vivek, first of all thanks for your valuable inputs in this column. last year my total income through salary, FD interest & shares was around 10 lacs. I haven't filled ITR even once ( experience of 15 years but salary was quite low so just skipped it). Now this year my total income has exceeded 12 lacs & plan to file ITR in coming June, so please advise can i file it only for current year or will have to compulsorily file it for last year/s as well? Thanks again.

Ans: Hello, you can start filing from this year itself which is AY 24-25
And please make sure to pay advance tax before 15th march on capital gains to avoid any interest of tax payable

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Question by Aishwarya - Jun 09, 2025

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Sir, should we choose cse in iit dharwad, goa or tirupati or electrical in mandi, jodhpur, dhanbad or ropar or ece in nitk

Ans: Aishwarya Madam, Based on placement trends from 2023–2025, CSE at IIT Goa offers the strongest outcomes, with 94–100% placement rates consistently, supported by structured internships and diverse recruiters like Amazon and Microsoft. While IIT Dharwad (65% CSE placement) and IIT Tirupati (67–78% CSE placement) lag behind Goa, their curricula align with industry standards but face variability in recruiter engagement. For Electrical Engineering, IIT Jodhpur (96% placement) and IIT Dhanbad (80–87% EE placement) outperform IIT Mandi (62% EE placement) and IIT Ropar (76% EE placement), with Jodhpur’s EE program securing over 90% placements annually through robust industry partnerships. ECE at NIT Surathkal (96% placement) remains a superior choice, boasting near-universal placements and recruiter diversity (e.g., Amazon, Intel), outperforming most IIT EE programs in consistency. Prioritize CSE at IIT Goa for optimal placement security or ECE at NIT Surathkal for proven outcomes; opt for EE at IIT Jodhpur/Dhanbad only if core electrical roles are prioritized over branch flexibility. All the BEST for the Admission & a Prosperous Future!

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Question by Vaishnavi - Jun 09, 2025

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I get 97.5 percentile in jee mains suggest college

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Sir my son got 1,36,630 rank in VITEEE is there any chance of getting CSE seat in vit AP. if possible under which category may our son get the seat please answer to this question sir?

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Question by Xyz - Jun 09, 2025

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My son scored 95.4 percentile in jee mains. He wants to join scalar school of technology bangalore. He can get seat in thapar and in LNMIIT jaipur. Please suggest which is best for him Scalar, thapar or LNMIIT

Ans: Based on placement trends and institutional credibility, Thapar University and LNMIIT Jaipur outperform Scaler School of Technology (SST) for CSE, with Thapar securing 83% UG placement rates (2023) and LNMIIT achieving over 91% placement rates (2025), backed by established industry ties with firms like Microsoft, Amazon, and Intel. While SST highlights 96.3% internship rates and 1,200+ hiring partners, its curriculum lacks UGC/AICTE recognition, potentially limiting higher education options, and its inaugural batch (2023) lacks long-term placement data. Thapar’s structured internships and LNMIIT’s median placement consistency (?12 LPA) provide proven outcomes, whereas SST’s focus on project-based learning and innovation labs caters to entrepreneurial aspirations but carries inherent risks as a new institution. For stability and sector-agnostic opportunities, prioritize Thapar or LNMIIT; consider SST only if immediate industry immersion outweighs degree recognition concerns. All the BEST for your Son's Admission & a Prosperous Future!

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Hi sir @Nayagam P P I have got 45745 rank in jee mains in general all India quota So my home state is west bengal..... Can I get chemical engineering at Nit durgapur or IIEST Shibpur Or ECE at IIIT Kalyani?? With this rank of 45745 with home state quota??

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With a JEE adv rank of 20561, my son could get Mech in Institute of Petroleum and Energy (IIPE), Vizag. He has a KCET rank of 3935 which might fetch him a ECE in PESIT. As he has no branch preference, which do you think is a better option for future?

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My son got 93 percentile in jee main with ews cat. And 23000 rank in jee advanse any iit any branch is possible not nit ews rank 3320

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Hi Sir, my son got seat in VIT, AP CSE core 4th category, his score in Manipal University is 11230 and he is not getting seat in first round (expecting CS related course in Manipal or Bangalore), shall we wait for 2&3rd round or he can join VIT, AP kindly give us suggestion.

Ans: Hello Kavitha
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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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