Navigating Pvt. Ltd. Company Rules: TDS, Share Certificates, and Employee Benefits in India

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

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

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.

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