July 29, 2009

Taxes In India

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

Question 21) INDIAN : Can I die now?? Ans :: Wait we are about to launch the funeral tax !!!

No comments:

Post a Comment