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?
Please make clear yourself that whether you want to register your establishment as per Companies Act or as per Partnership Act.
Please approach an auditor in your area, who can guide you in these aspects.
All the best
From India, Kumbakonam
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