TAX STRUCTURE IN INDIA
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Rupesh Rane wrote: 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!
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!
