Thread: Tax structure in india

TAX STRUCTURE IN INDIA


Hello everyone, thought of sharing this with all of you here on InForum.in

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Qus=Question
Ans=Answer
Tax=Tax
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Qus: What are you doing?
Ans: Business.
Tax: PAY PROFESSIONAL TAX!

Qus: What are you doing in Business?
Ans: Selling the Goods.
Tax: PAY SALES TAX!!

Qus: From where are you getting Goods?
Ans: From other State/Abroad
Tax: PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!

Qus: What are you getting in Selling Goods?
Ans: Profit.
Tax: PAY INCOME TAX!

Qus: How do you distribute profit ?
Ans: By way of dividend
Tax: Pay dividend distribution Tax

Qus: Where you Manufacturing the Goods?
Ans: Factory.
Tax: PAY EXCISE DUTY!

Qus: Do you have Office / Warehouse/ Factory?
Ans: Yes
Tax: PAY MUNICIPAL & FIRE TAX!

Qus: Do you have Staff?
Ans: Yes
Tax: PAY STAFF PROFESSIONAL TAX!

Qus: Doing business in Millions?
Ans: Yes
Tax: PAY TURNOVER TAX!
Ans: No
Tax: Then pay Minimum Alternate Tax

Qus: Are you taking out over Rs. 25,000 Cash from Bank?
Ans: Yes, for Salary.
Tax: PAY CASH HANDLING TAX!

Qus: Where are you taking your client for Lunch & Dinner?
Ans: Hotel
Tax: PAY FOOD & ENTERTAINMENT TAX!

Qus: Are you going Out of Station for Business?
Ans: Yes
Tax: PAY FRINGE BENEFIT TAX!

Qus: Have you taken or given any Service/s?
Ans: Yes
Tax: PAY SERVICE TAX!

Qus: How come you got such a Big Amount?
Ans: Gift on birthday.
Tax: PAY GIFT TAX!

Qus: Do you have any Wealth?
Ans: Yes
Tax: PAY WEALTH TAX!

Qus: To reduce Tension, for entertainment, where are you going?
Ans: Cinema or Resort.
Tax: PAY ENTERTAINMENT TAX!

Qus: Have you purchased House?
Ans: Yes
Tax: PAY STAMP DUTY & REGISTRATION FEE & Property Tax

Qus: How you Travel?
Ans: Bus
Tax: PAY SURCHARGE!

Qus: Any Additional Tax?
Ans: Yes
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.’s TAX !!!

Qus: Delayed any time Paying Any Tax?
Ans: Yes
Tax: PAY INTEREST & PENALTY!

Qus: INDIAN :: can i die now??
Ans: wait we are about to launch the funeral tax!!!

Very good post!

Unfortunately, this is true not only in India, but in most countries of the world

Now please submit your posting tax... j/k