Query Regarding Private Limited Company
1. Is it mandatory to deduct TDS from all our employees in the case of a Pvt. Ltd. Co as well as in a Proprietorship firm?
2. Is it compulsory to issue share certificates during the formation of the company, or can we issue share certificates later on?
3. Is it mandatory to provide PF to all employees in a Proprietorship as well as in a Pvt. Ltd. Co?
4. What are the various incentives, deductions, exemptions, and exclusions available to a private limited company in India?
Thanks,
Akansha
From India, Mumbai
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31. Is it mandatory to deduct TDS from all our employees in the case of a Pvt. Ltd. Co as well as in a Proprietorship firm?
2. Is it compulsory to issue share certificates during the formation of the company, or can we issue share certificates later on?
3. Is it mandatory to provide PF to all employees in a Proprietorship as well as in a Pvt. Ltd. Co?
4. What are the various incentives, deductions, exemptions, and exclusions available to a private limited company in India?
Thanks,
Akansha
From India, Mumbai
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Applicability of PF and TDS Laws
The laws of PF, TDS, etc., are applicable to all types of industries, irrespective of their ownership pattern, until your company satisfies the eligibility criteria specified by the respective laws, such as the number of employees, etc.
Issuance of Share Certificates
Regarding share certificates, please get in touch with a practicing Company Secretary.
Regards,
Akansha
From India, Mumbai
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The laws of PF, TDS, etc., are applicable to all types of industries, irrespective of their ownership pattern, until your company satisfies the eligibility criteria specified by the respective laws, such as the number of employees, etc.
Issuance of Share Certificates
Regarding share certificates, please get in touch with a practicing Company Secretary.
Regards,
Akansha
From India, Mumbai
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Thank you for the reply. As you mentioned, "until your company satisfies the eligibility criteria specified by the respective laws, such as the number of employees, etc.," could you please provide me with information on the eligibility criteria outlined in the relevant laws? If possible, could you also recommend any websites I can refer to for this information?
Thank you.
From India, Mumbai
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Thank you.
From India, Mumbai
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In regards to TDS, it is very difficult to explain everything here, but you can visit the following link: http://www.iiserbhopal.ac.in/PDF/TDS...%202013-14.pdf
Provident Fund Requirements
For Provident Fund - As soon as you cross a total employee strength of 20, your organization will have to become a member by law. For more details, please visit the website: Epfo (Govt. of India) at http://www.epfindia.com.
Regards,
Ramakant
From India, Pune
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Provident Fund Requirements
For Provident Fund - As soon as you cross a total employee strength of 20, your organization will have to become a member by law. For more details, please visit the website: Epfo (Govt. of India) at http://www.epfindia.com.
Regards,
Ramakant
From India, Pune
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TDS ON PF-EPFO circular reg. TDS on Accumulation of Balance in UAN Ac..pdf