Suppose I sold two house properties on which there is a long term capital gain of Rs 200000 and Rs 300000. In the same year , I purchase one house property for Rs 800000 , can I claim exemption u/s 54 for both the capital gains or am I allowed to claim exemption for only one house and pay tax on the other?

Data
A and B are in business of General insurance Selling. A is registered with companies like Future generali, Iffco Tokyo etc. A gets business from two channels.
1. Direct Customers walkin or his known contacts.
2. People like B(who is not registered anywhere) has their own clients. B comes to A, give his credit card, recharge A’s portal and buy insurance for his clients (let say C). Now B goes back to C give his insurance policy to C and C pays B in cash (considering non business customers so Sec 40A(3) not attracted). Policy was for Rs 10k. B paid 10k to A via his own credit card and charges C with Rs 12k.(10k plus 2Khis commission.) B deposit cash everytime in bank and pay his credit card bill.
Questions
1. For tax audit, A will be considered pakka artiya and B will be kacha artiya ? correct me if wrong.
2. Can they both use presumptive taxation and pay tax on 8%/6% ? if yes then what will be the turnover. Will it be same as decided in question 1 ?
3. If A is pakka artiya, Does he require to maintain his account completely for every transaction instead of just checking his whole year commission under presumptive taxation ?
4. implication for B for cash transactions

i got communication for proposed adjustment u/s 143(1)(a) that says Arithmetical error in the return u/s 143(1)(a)(i), but i checked the calculation is correct. and incorrect claim u/s 143(1)(a)(ii) Schedule part BTI "The claim of set off current year loss shown in part -BTI is not consistent with the loss computed in the schedules of the corresponding heads of income or the priority of set off the current year loss is not consistent with the provisions of the act" and schedule SI "the amount entered in schedule SI are inconsistent with the corresponding amounts entered in Sch CG/OS"
Please help me to resolve this.

DEAR SIR,

F.Y 2017-2018

AS PER GSTR 2A RS. 16,75,000/- AND AS PER BOOKS AMOUNT IS 18,95,000/-..
WHEN GSTR9 FILED DIFFERENCE AMOUNT TOBE PAID OR NOT?
INCASE NOT PAID PLEASE SEND NOTIFICATION OR RULE.

#RequiredSuggestion
I m pcc cleared student!
Appeared twice for final after marriage but couldn't cleared, now i again want to appear for final exam!
Please suggest me how should I proceed ahead!!
Already old course registered student and my registration is going to expire in 2020!!
Urgent suggestions required!!

Do we need to pay GST for storage of goods outside factory premises. Also if E-Way bill is to generated. Do we need to take any permission or declaration of premises in GST registration is enough. Would the transactions of movement of goods (FG / RM from factory to Stogare location ) be considered as Unit Transfers if yes want would be the procedures.

Provision is liability & asset both?
1. We create provision for expected expenses in future. It’s liability.
2. We create provision for expected profit in future. It’s asset.
Please correct if I’m wrong with above statements?

Dear Expert
Please let me know if a Manufacturing Company (pvt Ltd) uses it own Trucks on which they had taken ITC generate income by charges freight from there customer
Q1 Freight charged is income of Company under GTA ?
Q2 What will be the rate of GST to be charges ?
Q3 if company buy there raw material and pay freight on it to other transporter what will the GST impact on that freight inward is it under reverse charges if transporter is unregistered or company has to be pay GST 12% as normal taxpayer as it charges freight from other dealer in above Question no. 1

Request you to please suggest me on above queries

Thanks
Amit Jain

Respeted Sir

The assessee had inadvertently filed ITR-4 instead of ITR-1 and that too after the due date as against which notice 139 (9) was issued to correct/rectify the return within 15 days but the assessee did not file the revised return and because of which the return was treated as invalid return on the basis of the order passed u/s 139 (9). The original return was a belated return and was not revised even after receiving 139 (9) notice. Please guide me what to do in such situation.

Respected Sir

1) Is their any Unit Linked Mediclaim policy ? So that premium we paid can be either be claimed against our medical bill or if not claimed then it is to be invested for us and we can get it back in future after maturity.

If in my salary their is no Uniform Allowance and if I have purchased Uniform from my own pocket. Can I claim that amount as deduction from salary.

For e.g. if I purchased Blazer for office purpose can I claim it's price as deduction from my salary income.