Wednesday, November 5, 2008

Tax structure in India

1) Qus. : What are you doing?  

Ans. : Business. 

Tax : PAY PROFESSIONAL TAX!

 

2) Qus. : What are you doing in Business? 

Ans. : Selling the Goods. 

Tax : PAY SALES TAX!!

 

3) Qus. : From where are you getting Goods? 

Ans. : From other State/Abroad 

Tax : PAY CENTRAL SALES TAXCUSTOM DUTY & OCTROI!

 

4) Qus. : What are you getting in Selling Goods? 

Ans. : Profit. 

Tax : PAY INCOME TAX!

 

5) Qus. : How do you distribute profit ? 

Ans : By way of dividend 

Tax : Pay dividend distribution Tax

 

6) Qus. : Where you Manufacturing the Goods? 

Ans. : Factory. 

Tax : PAY EXCISE DUTY!

 

7) Qus. : Do you have Office / Warehouse/ Factory? 

Ans. : Yes 

Tax : PAY MUNICIPAL & FIRE TAX!

 

8) Qus. : Do you have Staff? 

Ans. : Yes 

Tax : PAY STAFF PROFESSIONAL TAX!

 

9) Qus. : Doing business in Millions? 

Ans. : Yes 

Tax : PAY TURNOVER TAX! 

Ans : No 

Tax : Then pay Minimum Alternate Tax

 

10) Qus. : Are you taking out over 25,000 Cash from Bank? 

Ans. : Yes, for Salary. 

Tax : PAY CASH HANDLING TAX!

 

11) Qus.: Where are you taking your client for Lunch & Dinner? 

Ans. : Hotel 

Tax : PAY FOOD & ENTERTAINMENT TAX!

 

12) Qus.: Are you going Out of Station for Business? 

Ans. : Yes 

Tax : PAY FRINGE BENEFIT TAX!

 

13) Qus.: Have you taken or given any Service/s? 

Ans. : Yes

 Tax : PAY SERVICE TAX!

 

14) Qus.: How come you got such a Big Amount? 

Ans. : Gift on birthday. 

Tax : PAY GIFT TAX!

 

15) Qus.: Do you have any Wealth? 

Ans. : Yes 

Tax : PAY WEALTH TAX!

 

16) Qus.: To reduce Tension, for entertainment, where are you going? 

Ans. : Cinema or Resort. 

Tax : PAY ENTERTAINMENT TAX!

 

17) Qus.: Have you purchased House? 

Ans. : Yes 

Tax : PAY STAMP DUTY & REGISTRATION FEE !

 

18) Qus.: How you Travel? 

Ans. : Bus 

Tax : PAY SURCHARGE!

 

19) Qus.: Any Additional Tax? 

Ans. : Yes 

Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!


20) Qus.: Delayed any time Paying Any Tax? 

Ans. : Yes 

Tax : PAY INTEREST & PENALTY!

 

21) INDIAN :: can i die now?? 

Ans :: wait we are about to launch the funeral tax!!!

1 comment:

தேவதை காதலன் said...

very nice sakthi...even if you give big explantion to each one.it would be bit tough to understand the whole stuff..but now it is very easy to understand... :-)