We have plan to start company and register as pvt ltd in partnership. I have many doubts in this area. Let assume as total employee strength is 7 to 9. (including myself and partner)
1) If we(myself & partner) both will draw salary of 4 lac/year. So TDS will be applicable here ?
2) When we give salary to employees, we have to deduct the TDS from their salary?
3)I heard that the deducted TDS Amount will be reimbursed when the company file the income tax yearly
is it ture? 26th August 2011 From India