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Thursday, October 9, 2008

Tax Structure in INDIA (Funny)

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

 

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