Taxation on Debt and Liquid Funds

Example:
I am coming under tax bracket of 20per cent. If I invest R10 lakh in a liquid or ultra short term debt fund for 4 or 5 years how much tax do I have to pay? Please give your answer with numerical example.
- Ramesh M

If you sell them within 3 years, capital gains on debt funds are treated as short term. It will be added to your income and taxed as per your applicable tax slab. Long term capital gains (if exit is after 3 years) are taxed at 20 per cent with an indexation benefit on your cost.

Investment holding period Taxation
Short Term Capital Gain 36 months or lesser added to income and taxed as per applicable slab rate
Long Term Capital Gain more than 36 months                 20% with indexation

Let us take an example, Since we do not have the Cost Inflation Index for future years, we will take an example of past. Say you invested R10 lakhs in 2010-2011. Assuming the fund returned 9 percent a year, and you redeem it for R15,38,624 in 2016-17, your long term capital gain would be R5,38,624.

However, if you index the cost with the Cost Inflation Index (provided by the IT department) for 2010-11 and 2015-16, then the cost would be R1,52,0393 (R10 Lakh * 1081/711). Then the long term capital gain would be R18231 (1538624-1520393). A 20 percent tax on this would be R3646.

So, as per this example, your capital gains tax for this financial year will be R3646.


I want to know the taxation on liquid fund. If I sell liquid fund and generate gain, is it taxable?
- Vinod Mehra

Yes, capital gains on liquid funds are taxable.

If you sell your funds before three years (36 months), you will have to pay short-term capital gains tax. Short-term capital gains are added to your income and taxed as per the income tax slab applicable to you. If funds are held for more than three years, your gains will qualify for long-term capital gains tax of 20 per cent with indexation benefit on your original investment.

Links: http://cafemutual.com/news/guestcolumn/51-how-to-calculate-tax-on-mutual-funds

How can I install Red Hat Enterprise Linux (RHEL) 7 in Windows 7 with a dual boot option?

Installation will be simple, like others has already mentioned it.

Few Important Points before you install Red Hat Enterprise Linux 7 on a system already installed with Windows 7 and want to have it dual boot.

1. First and foremost thing, take a backup of your Windows MBR :D , I know few non-Linux people wants to install Linux/RHEL with Windows dual boot but after few days, they want to remove Linux and just want to keep Windows. So after dual boot, one has to repair Windows in order to correct the MBR which gets replaced by RHEL MBR.

To take backup of MBR, boot your machine with RHEL DVD and go into rescue mode, once in rescue mode, choose shell, and in the shell, run the commands as follows.

# fdisk -l

This should show what is your disk name, I suppose it’s /dev/sda.

Take backup of first 512 bytes as follows. The following command is very critical, one shouldn’t mess it up.

# dd if=/dev/sda of=/tmp/WindowsMBR.backup bs=512 count=1

Then scp this /tmp/WindowsMBR.backup to some safe location from where you can download/take it at any point of time.

So, once you want to remove Linux, just come back again in rescue mode and remove Linux Partitions and just restore the MBR as follows.

# dd if=/path/to/WindowsMBR.backup of=/dev/sda

And simply reboot. You won’t need to repair Windows at all.

2. Don’t ever touch the Windows partitions while doing the RHEL7 installation.

3. If you are using UEFI mode in your System, then don’t even worry about MBR backup. UEFI maintains separate bootloader entries on first sector of the bootable PARTITION instead of the Bootable disk. The MBR is stored with the EFI files so win win situation in UEFI mode.

4. If you have already three primary partitions created in your Windows machine, and are in use, then even if your remaining disk space is 1000GB, you won’t be able to create two partitions (1 primary and another primary/extended) RHEL requires at least two partitions, 1 primary for /boot and another primary/extended for further filesystem. So if three consumed by Windows at this moment, only /boot creation is possible, extended won’t be created.

So, keep in mind, Windows must have maximum of two primary partitions. Again this applies only for Legacy Boot mode, not for UEFI mode. In UEFI mode, to store the partition table, we have a lot of disk space available, so doesn’t even matter how many primary partitions you are creating.

I think rest is fine :)

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CDAC Hyderabad DESD Study Material

Click on the following link as per your requirement 

1.For ARM material-------------------------------->  click here

2.For Device Drivers material ---------------->       click here

3.For OS material ---------------------------------->  click here
4.For Aptitude material ----------------------------> click here
5.For GSM material --------------------------------> click here
6.For JAVA material ------------------------------->  click here
7.For Rtos material -------------------------------->  click here

8.For DCN material --------------------------------> click here
9.For DSP material --------------------------------> click here

Other Important links which will add-on to your knowledge 
1.For OS Tutorials in Hindi -----------------------> click here
2.For Pre-Dac Queries  ----------------------------------> click here
3.For installing arm tool chain --------------------------> click here

if you like this post you can join my blog , by clicking on join this site also you can like my page on facebook by clicking here My Journey.
For further queries you can mail me at - kapil0123@gmail.com.

Installing ARM Tool Chain

Steps:-
1.  Copy ARM folder to desktop.
2. Open Terminal do cd Desktop/ARM/arm_tool_chain then press enter.
3. Type chmod 777 arm_install.sh  (Changing the permissions of arm_install.sh .). press enter.
4. Type sudo apt-get install arm_install.sh (press enter and type your password this will install your arm tool chain).
5. If above step doesn’t work use ./arm_install.sh or sudo ./arm_install.sh.  (press enter and type your password).Restart your PC.
6.To check whether arm tool chain is installed or not in command prompt type arm and press two time tab arm tool chain related file if shown means tool chain is installed otherwise it is not there.
7. If you face an error like libtercap.so.2 permission denied or something similar to that  while compiling then you just need to trace this file and change its permssions. 
8.You will find this file in filesystem/user/lib go there and search and change the permission using chmod libtercap.so.2

to download setup and respective material click here Arm tool chain and Material.
if you like this post you can join my blog , by clicking on join this site also you can like my page on facebook by clicking here My Journey.

Acess Windows Drive on Ubuntu

Suppose i want to access the software drive as shown above in ubuntu. For that 

 

1- Open Terminal using ctrl+alt+t
2- Type cd  /media then press enter.
3- Then type cd  username/drivename. for example in my case it is cd  innovative/Softwares.
4-You can now type ls  to view files in that drive. see the screen shots for better understanding.

Please note that if you have dual boot Windows 8 or higher and Ubuntu then remember that before using above method .Your windows must be in non hibernation mode. When you restart your PC windows it is in non - Hibernation mode. if you simply shutdown windows then it always remain in hibernation.

My Pre-Dac/C-Cat Journey

Pre-DAC FAQs??

1- Should i join Pre-DAC ?
Go to the cdac.in and check the syllabus, if you can Prepare the syllabus For C-CAT given in that then you can avoid taking tutions form any institute , but if you take you have better chance to choose your dream place and center. Also you are more aware about the exam pattern level of exam , which center are good for which course, and an slight overview of basic idea of how cdac training goes on, even you get a chance to meet seniors they can share there experience and guide go further.

2-From where i should plan to do Pre-DAC?
From my view http://www.sunbeaminfo.com/ ,market yard,gultekdi, pune is best for taking Pre-DAC coaching , they have expert faculties , but note that they will cover the syllabus very fast , from my view you should have done C earlier ,because the c module is for about 10 days only . as i was new to C and from ECE backgroud i was having problem in understating, how ever the teachers will taught you from root but i was unable to grab at that speed. so its better to have basic C knowledge. Avoid joining the part time session for Pre-DAC in sunbeam , i was in that module 1 faculty was not good in that module.

3-Duration and Fess for Pre-DAC?
Duration depends on the institute providing coaching to you , in sunbeam i had done an 2 months course . the fees for Pre-DAC was 11000Rs . That is much but if you can afford i will suggest you to join it. once you pay the fees sunbeam will mail you near by PG List via mail . you can contact them and you can also book room at phones but i advice you to go there. Book a hotel for 1 day before going there and search best room for 1 day and then join any PG.

4-What is the Food and Its cost??
Food near sunbeam is good , there is an samarth snack center near sunbeam that provide good quality snacks. i recommend you have an try there. note most of the MESS do not provide breakfast there and also on sundays most MESS are closed. choose accoding to that. It cost around 50Rs for one time ,on monthly bases the charges vary from 2400Rs to 2800Rs , i recommend you join any mess instead of taking food at hotels or restaurant. if you need a change you can go to hotel fluora's mini restro during Lunch and Dinner its not the best but it is good.  

Dear friends i am sharing my experience individual experience may vary: