C.A.Final (New) ICWAI FINAL (New)
7314 Points
Posted on 13 June 2010
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 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!
Qus. : Doing business in Millions?
Ans. : Yes
Tax : PAY TURNOVER 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!
1 Qus. : Any Additional Tax?
Ans. : Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
19) Qus. : Delayed any time Paying Any Tax?
Ans. : Yes
Tax : PAY INTEREST & PENALTY!
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"One must change one's tactics every ten years if one wishes to maintain one's superiority"
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