Hi friends, Gud Evening. Here i share with you about the TAX STRUCTURE IN INDIA!
1) Que. : What are you doing?
Ans. : Business.
Tax : PAY PROFESSIONAL TAX!
2) Que. : What are you doing in Business?
Ans. : Selling the Goods.
Tax : PAY SALES TAX!!
3) Que. : From where are you getting Goods?
Ans. : From other State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY
4) Que. : What are you getting in Selling Goods?
Ans. : Profit.
Tax : PAY INCOME TAX!
5) Que. : Where you Manufacturing the Goods?
Ans. : Factory.
Tax : PAY EXCISE DUTY!
6) Que. : Do you have Office / Warehouse/ Factory?
Ans. : Yes
Tax : PAY MUNICIPAL & FIRE TAX!
7) Que. : Do you have Staff?
Ans. : Yes
Tax : PAY STAFF PROFESSIONAL TAX!
8) Que. : Doing business in Millions?
Ans. : Yes
Tax : PAY TURNOVER TAX!
Ans : No
Tax : Then pay Minimum Alternate Tax
9) Que. : Are you taking out over 25,000 Cash from Bank?
Ans. : Yes, for Salary.
Tax : PAY CASH HANDLING TAX!
10) Que.: Where are you taking your client for Lunch & Dinner?
Ans. : Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX!
11) Que.: How come you got such a Big Amount?
Ans. : Gift on birthday.
Tax : PAY GIFT TAX!
12) Que.: Do you have any Wealth?
Ans. : Yes
Tax : PAY WEALTH TAX!
13) Que.: To reduce Tension, for entertainment, where are you going?
Ans. : Cinema or Resort.
Tax : PAY ENTERTAINMENT TAX!
14) Que.: Have you purchased House?
Ans. : Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE !
15) Que.: How you Travel?
Ans. : Bus
Tax : PAY SURCHARGE!
16) Que.: Any Additional Tax?
Ans. : Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
17) Que.: Delayed any time Paying Any Tax?
Ans. : Yes
Tax : PAY INTEREST & PENALTY!
18)INDIAN :: Can i Die now??
Ans :: Wait we are about to launch the funeral tax!!!
MacSpeech
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