Plz give me audit amendments for may14

Dear Sir,

If any employee join new company and his salary is more than 10000/- so as per professional tax can we deduct Rs.300/- in month of February

For the f.y. 2013-14, I have salary income of Rs. 5 lac and I earned interest of Rs. 30000 on bank f.d. but to avoid TDS on f.d., I filled form 15-G due to lack of knowledge, now I want to pay tax on f.d. interest which I earned to avoid any future problems which may be created by IT department, so how can I pay the tax and what amount of tax I would have to pay, please guide me.

Is loan to spouse attract interest income as per Income Tax ? for Exp. wife give rs. 1 Lac loan to her husband, & Husband invest this amount to their house extension for upper floors during the year. The house is in their Joint Names [ first owner of house is husband & 2nd owner of house is wife ]

Is in this case loan to husband rs. 1 Lac [ which husband invested in their house extension ] attract any interest income for wife as per income tax act.

Will it affect my job prospect if i have taken more than 1 transfer during my CA article training. And i haven't gone for Industrial Training. None of the firms I have worked in have a name that will ring a bell in anybody's ear. On the other hand, having been to more than 2 firms I know exactly how a firm should operate and have wide exposure in various fields related to tax, auditing and law.

Also will the names of all the firms come in my articles certificate (not sure if it s called that). The answer to this will help me draft my resume better.

Thanks

DOES INDIA HAVE A DTAA WITH BHUTAN ?? AND IS IT NECESSARY FOR A PERSON EARNING SALARY IN BHUTAN AND FILING RETUNS AND PAYING TAX IN BHUTAN TO FILE INCOME TAX RETURN IN INDIA ?? IS ANY BENEFIT AVAILABLE ??

THANKS
VINEET KUMAR AGARWAL

My brother is going to abroad for permanent residance in this case is there any clearnance taken from income tax department. If yes then what is the procedure.

PPF interest is tax free, but it has been stated that one must show it while filing income tax return, so under which section can I show it and how can I get tax relief on the interest earned from PPF account ?

Hello everyone,

Please tell me how to pay the fees for penalty on MCA? Its really urgent so kindly do help out asap.

Regards,
Varad Agrawal.

Dear Sir,
If a person has been issued a notice for "Non-Filing" of return of income by the dept then what all penalties or prosecutions can be imposed on the said person ..