TAX STRUCTURE IN INDIA
1) What r u doing?Ans. : Business
Tax :pAY PROFESSIONAL TAX!
2) What r u doing in Business?
Ans. : Selling the Goods.
Tax : PAY SALES TAX!!
3) From where r u getting Goods?
Ans. : From other State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY
& OCTROI!
4) What r u getting in Selling Goods?
Ans. : Profit
Tax : PAY INCOME TAX!
How do you distribute profit ?
Ans : By way of dividend
Tax : Pay dividend distribution Tax
5) Where u Manufacturing the Goods?
Ans. : Factory
Tax : PAY EXCISE DUTY!
6) Do u have Office / Warehouse/ Factory?
Ans. : Yes
Tax : PAY MUNICIPAL & FIRE TAX!
7) Do you have Staff?
Ans. : Yes
Tax : PAY STAFF PROFESSIONAL TAX!
8) Doing business in Millions?
Ans. : Yes
Tax : PAY TURNOVER TAX!
Ans : No
Tax : Then pay Minimum Alternate Tax
9) r u taking out over 25,000 Cash from Bank?
Ans. : Yes, for Salary.
Tax : PAY CASH HANDLING TAX!
10) Where r u taking your client for Lunch &
Dinner?
Ans. : Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX!
11) r u going Out of Station for Business?
Ans. : Yes
Tax : PAY FRINGE BENEFIT TAX!
12) Hav u taken or given any Service/s?
Ans. : Yes
Tax : PAY SERVICE TAX!
13) How come u got such a Big Amount?
Ans. : Gift on birthday
Tax : PAY GIFT TAX!
14) Do u have any Wealth?
Ans. : Yes
Tax : PAY WEALTH TAX!
15) To reduce Tension, for entertainment,
where are you going?
Ans. : Cinema or Resort
Tax : PAY ENTERTAINMENT TAX!
16) Hav u purchased House?
Ans. : Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE !
17) How u Travel?
Ans. : Bus
Tax : PAY SURCHARGE!
18) Any Additional Tax?
Ans. : Yes
Tax : PAY EDUCATIONAL, ADDITIONAL
EDUCATIONAL & SURCHARGE ON ALL THE
CENTRAL GOVT.'s TAX !!!
19) Delayed any time Paying Any Tax?
Ans. : Yes
Tax : PAY INTEREST & PENALTY!
20) INDIAN :: can i die now??
Ans :: wait we are about to launch the funeral
tax!!
