Wednesday, January 28, 2015

Tax Structure in India

TAX STRUCTURE IN INDIA
1) What r u doing? 
Ans: Business
Tax: Pay PROFESSIONAL TAX!
2) What r u doing in Business?
Ans: Selling the Goods.
Tax: Pay SALES TAX!!
3) From where r u getting Goods?
Ans: From other Area/State/Abroad
Tax: Pay CENTRAL SALES TAX, CUSTOM DUTY & OCTROI! AND NOW LBT & LPT.
4) What r u getting in Selling Goods?
Ans: Profit
Tax: Pay INCOME TAX!
5) How do you distribute profit ?
Ans: By way of dividend
Tax: Pay DIVIDEND DISTRIBUTION TAX.
6) Where are you manufacturing the Goods?
Ans: Factory
Tax: Pay EXCISE DUTY!
7) Do u have Office/Warehouse/Factory?
Ans: Yes
Tax: PAY MUNICIPAL & FIRE TAX!
8) Do you have Staff?
Ans: Yes
Tax: PAY STAFF'S PROFESSIONAL TAX!
9) Doing business in Millions?
Ans: Yes
Tax: PAY TURNOVER TAX!
Ans: No
Tax: Then pay Minimum Alternate Tax (MAT).
10) r u taking out over 25,000 Cash from Bank?
Ans: Yes, for Salary.
Tax: PAY CASH HANDLING TAX!
11) Where r u taking your client for Lunch & Dinner?
Ans: Hotel
Tax: PAY FOOD & ENTERTAINMENT TAX!
12) r u going Out of Station for Business?
Ans: Yes
Tax: PAY FRINGE BENEFIT TAX!
13) Hav u taken or given any Service/s?
Ans: Yes
Tax: PAY SERVICE TAX!
14) How come u got such a Big Amount?
Ans: Gift on birthday
Tax: PAY GIFT TAX!
15) Do u have any Wealth?
Ans: Yes
Tax: PAY WEALTH TAX!
16) To reduce Tension, for entertainment, where are you going?
Ans: Cinema or Resort
Tax: PAY ENTERTAINMENT TAX!
17) Hav u purchased House?
Ans: Yes
Tax: PAY STAMP DUTY & REGISTRATION FEE !
18) How u Travel?
Ans: Bus
Tax: PAY SURCHARGE!
19) Any Additional Tax?
Ans: Yes
Tax: PAY EDUCATIONAL ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
20) Delayed any time Paying Any Tax?
Ans: Yes
Tax: PAY INTEREST & PENALTY!
21) Do you want growth of india.?
Ans: Of course Yes .
Tax: Pay electricity tax, water tax, education tax, & other taxes, which is used by defaulting people.
22) INDIAN :: can i die now??
Ans: Wait we are about to launch the FUNERAL TAX.

No comments:

Post a Comment