Tax Structure in India.... Funny But True...

CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)

21 April 2010  

Question 1.. : What are you doing?

Ans. : Business.

Tax : PAY PROFESSIONAL TAX!

 

Question 2 : What are you doing in Business?

Ans. : Selling the Goods.

Tax : PAY SALES TAX!!

 

Question 3 : From where are you getting Goods?

Ans. : From other State/Abroad

Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!

 

Question 4 : What are you getting in Selling Goods?

Ans. : Profit.

Tax : PAY INCOME TAX!

 

Question 5: How do you distribute profit ?

Ans : By way of dividend

Tax : PAY DIVIDEND DISTRIBUTION TAX

 

Question 6 : Where you Manufacturing the Goods?

Ans. : Factory...

Tax : PAY EXCISE DUTY!

 

Question 7 : Do you have Office / Warehouse / Factory?

Ans. : Yes

Tax : PAY MUNICIPAL & FIRE TAX!

 

Question 8 : Do you have Staff?

Ans. : Yes

Tax : PAY STAFF PROFESSIONAL TAX!

 

Question 9 : Doing business in Millions?

Ans. : Yes  -- Tax : PAY TURNOVER TAX!

Ans : No -- Tax : Then pay Minimum Alternate Tax

Question 10 : Are you taking out over 25,000 Cash from Bank?

Ans. : Yes, for Salary.

Tax : PAY CASH HANDLING TAX!

 

Question 11 : Where are you taking your client for Lunch & Dinner?

Ans. : Hotel

Tax : PAY FOOD & ENTERTAINMENT TAX!

 

Question 12 : Are you going Out of Station for Business?

Ans. : Yes

Tax : PAY FRINGE BENEFIT TAX!

 

Question 13 : Have you taken or given any Service / (s)?

Ans. : Yes

Tax : PAY SERVICE TAX!

 

Question 14 : How come you got such a Big Amount?

Ans. : Gift on birthday.

Tax : PAY GIFT TAX!

 

Question 15.: Do you have any Wealth?

Ans. : Yes

Tax : PAY WEALTH TAX!

 

Question 16 : To reduce Tension, for entertainment, where are you going?

Ans. : Cinema or Resort.

Tax : PAY ENTERTAINMENT TAX!

 

Question 17 : Have you purchased House?

Ans. : Yes

Tax : PAY STAMP DUTY & REGISTRATION FEE !

 

Question 18 : How you Travel?

Ans. : Bus

Tax : PAY SURCHARGE!

 

Question 19.: Any Additional Tax?

Ans. : Yes

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

 

Question 20: 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 !!!