Hi all,
See below the tax structures in India... good one... 😊😊😊
TAX STRUCTURE IN INDIA
Someone help me with tax...
1) Q: What are you doing?
A: Business.
Tax: PAY PROFESSIONAL TAX!
2) Q: What are you doing in business?
A: Selling the goods.
Tax: PAY SALES TAX!!
3) Q: From where are you getting goods?
A: From other state/abroad.
Tax: PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!
4) Q: What are you getting in selling goods?
A: Profit.
Tax: PAY INCOME TAX!
5) Q: How do you distribute profit?
A: By way of dividend.
Tax: Pay dividend distribution tax.
6) Q: Where are you manufacturing the goods?
A: Factory.
Tax: PAY EXCISE DUTY!
7) Q: Do you have office/warehouse/factory?
A: Yes.
Tax: PAY MUNICIPAL & FIRE TAX!
8) Q: Do you have staff?
A: Yes.
Tax: PAY STAFF PROFESSIONAL TAX!
9) Q: Doing business in millions?
A: Yes.
Tax: PAY TURNOVER TAX!
A: No.
Tax: Then pay Minimum Alternate Tax.
10) Q: Are you taking out over 25,000 cash from the bank?
A: Yes, for salary.
Tax: PAY CASH HANDLING TAX!
11) Q: Where are you taking your client for lunch & dinner?
A: Hotel.
Tax: PAY FOOD & ENTERTAINMENT TAX!
12) Q: Are you going out of station for business?
A: Yes.
Tax: PAY FRINGE BENEFIT TAX!
13) Q: Have you taken or given any service/s?
A: Yes.
Tax: PAY SERVICE TAX!
14) Q: How come you got such a big amount?
A: Gift on birthday.
Tax: PAY GIFT TAX!
15) Q: Do you have any wealth?
A: Yes.
Tax: PAY WEALTH TAX!
16) Q: To reduce tension, for entertainment, where are you going?
A: Cinema or resort.
Tax: PAY ENTERTAINMENT TAX!
17) Q: Have you purchased a house?
A: Yes.
Tax: PAY STAMP DUTY & REGISTRATION FEE!
18) Q: How do you travel?
A: Bus.
Tax: PAY SURCHARGE!
19) Q: Any additional tax?
A: Yes.
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'S TAX!
20) Q: Delayed at any time paying any tax?
A: Yes.
Tax: PAY INTEREST & PENALTY!
21) INDIAN: Can I die now?
Ans: Wait, we are about to launch the funeral tax!!! 😖😖😖ðŸ˜ðŸ˜ðŸ˜ðŸ˜‚😂😂😂
Regards,
Amit Seth
From India, Ahmadabad
Acknowledge(0)
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508See below the tax structures in India... good one... 😊😊😊
TAX STRUCTURE IN INDIA
Someone help me with tax...
1) Q: What are you doing?
A: Business.
Tax: PAY PROFESSIONAL TAX!
2) Q: What are you doing in business?
A: Selling the goods.
Tax: PAY SALES TAX!!
3) Q: From where are you getting goods?
A: From other state/abroad.
Tax: PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!
4) Q: What are you getting in selling goods?
A: Profit.
Tax: PAY INCOME TAX!
5) Q: How do you distribute profit?
A: By way of dividend.
Tax: Pay dividend distribution tax.
6) Q: Where are you manufacturing the goods?
A: Factory.
Tax: PAY EXCISE DUTY!
7) Q: Do you have office/warehouse/factory?
A: Yes.
Tax: PAY MUNICIPAL & FIRE TAX!
8) Q: Do you have staff?
A: Yes.
Tax: PAY STAFF PROFESSIONAL TAX!
9) Q: Doing business in millions?
A: Yes.
Tax: PAY TURNOVER TAX!
A: No.
Tax: Then pay Minimum Alternate Tax.
10) Q: Are you taking out over 25,000 cash from the bank?
A: Yes, for salary.
Tax: PAY CASH HANDLING TAX!
11) Q: Where are you taking your client for lunch & dinner?
A: Hotel.
Tax: PAY FOOD & ENTERTAINMENT TAX!
12) Q: Are you going out of station for business?
A: Yes.
Tax: PAY FRINGE BENEFIT TAX!
13) Q: Have you taken or given any service/s?
A: Yes.
Tax: PAY SERVICE TAX!
14) Q: How come you got such a big amount?
A: Gift on birthday.
Tax: PAY GIFT TAX!
15) Q: Do you have any wealth?
A: Yes.
Tax: PAY WEALTH TAX!
16) Q: To reduce tension, for entertainment, where are you going?
A: Cinema or resort.
Tax: PAY ENTERTAINMENT TAX!
17) Q: Have you purchased a house?
A: Yes.
Tax: PAY STAMP DUTY & REGISTRATION FEE!
18) Q: How do you travel?
A: Bus.
Tax: PAY SURCHARGE!
19) Q: Any additional tax?
A: Yes.
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'S TAX!
20) Q: Delayed at any time paying any tax?
A: Yes.
Tax: PAY INTEREST & PENALTY!
21) INDIAN: Can I die now?
Ans: Wait, we are about to launch the funeral tax!!! 😖😖😖ðŸ˜ðŸ˜ðŸ˜ðŸ˜‚😂😂😂
Regards,
Amit Seth
From India, Ahmadabad
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India Tax.doc
Tax structure.xls