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?

From India , Madras
Dear Ramats
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

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 Cite.Co™

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server