TAX STRUCTURE IN INDIA

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TAX STRUCTURE IN INDIA – Useful for everyone



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 TAX, CUSTOM DUTY & OCTROI!  


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

Ans.: Profit.  

Tax: PAY INCOME TAX!  


5)         Qus. : Where you Manufacturing the Goods?  

Ans.: Factory.  

Tax: PAY EXCISE DUTY!  


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

Ans.: Yes  

Tax: PAY MUNICIPAL & FIRE TAX!  


7)         Qus. : Do you have Staff?  

Ans.: Yes  

Tax: PAY STAFF PROFESSIONAL TAX!  


8)         Qus. : Doing business in Millions?  

Ans.: Yes  

Tax: PAY TURNOVER TAX!  

Ans: No  

Tax: Then pay Minimum Alternate Tax  


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

Ans.: Yes, for Salary.  

Tax: PAY CASH HANDLING TAX!  


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

Ans.: Hotel  

Tax: PAY FOOD & ENTERTAINMENT TAX!  


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

Ans.: Yes  

Tax: PAY FRINGE BENEFIT TAX!  


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

Ans.: Yes  

Tax: PAY SERVICE TAX!  


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

Ans.: Gift on birthday.  

Tax: PAY GIFT TAX!  


14)       Qus.: Do you have any Wealth?  

Ans.: Yes  

Tax: PAY WEALTH TAX!  


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

Ans.: Cinema or Resort.  

Tax: PAY ENTERTAINMENT TAX!  


16)       Qus.: Have you purchased House?  

Ans.: Yes  

Tax: PAY STAMP DUTY & REGISTRATION FEE!  


17)       Qus.: How you Travel?  

Ans.: Bus  

Tax: PAY SURCHARGE!  


18)       Qus: Do you own any vehicle?

Ans.: Yes

TAX: PAY ROAD TAX


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)       Qus. : How do you distribute profit?  

Ans: By way of dividend  

Tax: Pay dividend distribution Tax  




22)    INDIAN: Whether I get services/items good or bad I have to pay all these.

                                     
Can I die now?  
Ans:
  Wait . We are about to launch the funeral tax!!!  

Replies (5)

hahahaaaa...

 

man, one of the best,....

 

 

thanx for sharing, best of luck

previously posted nayways keep sharing

ha ha ha he he

gud one,

thanks 4 sharing !!

Previously posted.......Its gr8 to read once again......

Keep sharing.....

Good One.


CCI Pro

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