Dec 3, 2009

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!







8) 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!







18) 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