TAX STRUCTURE IN INDIA - very interesting

[Ebiz4india]

TAX STRUCTURE IN INDIA :cheers:


Hello everyone, thought of sharing this facts with all of you here on DNF.

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Qus=Question
Ans=Answer
Tax=Tax
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Qus: What are you doing?
Ans: Business.
Tax: PAY PROFESSIONAL TAX!

Qus: What are you doing in Business?
Ans: Selling the Goods.
Tax: PAY SALES TAX!!

Qus: From where are you getting Goods?
Ans: From other State/Abroad
Tax: PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!

Qus: What are you getting in Selling Goods?
Ans: Profit.
Tax: PAY INCOME TAX!

Qus: How do you distribute profit ?
Ans: By way of dividend
Tax: Pay dividend distribution Tax

Qus: Where you Manufacturing the Goods?
Ans: Factory.
Tax: PAY EXCISE DUTY!

Qus: Do you have Office / Warehouse/ Factory?
Ans: Yes
Tax: PAY MUNICIPAL & FIRE TAX!

Qus: Do you have Staff?
Ans: Yes
Tax: PAY STAFF PROFESSIONAL TAX!

Qus: Doing business in Millions?
Ans: Yes
Tax: PAY TURNOVER TAX!
Ans: No
Tax: Then pay Minimum Alternate Tax

Qus: Are you taking out over Rs. 25,000 Cash from Bank?
Ans: Yes, for Salary.
Tax: PAY CASH HANDLING TAX!

Qus: Where are you taking your client for Lunch & Dinner?
Ans: Hotel
Tax: PAY FOOD & ENTERTAINMENT TAX!

Qus: Are you going Out of Station for Business?
Ans: Yes
Tax: PAY FRINGE BENEFIT TAX!

Qus: Have you taken or given any Service/s?
Ans: Yes
Tax: PAY SERVICE TAX!

Qus: How come you got such a Big Amount?
Ans: Gift on birthday.
Tax: PAY GIFT TAX!

Qus: Do you have any Wealth?
Ans: Yes
Tax: PAY WEALTH TAX!

Qus: To reduce Tension, for entertainment, where are you going?
Ans: Cinema or Resort.
Tax: PAY ENTERTAINMENT TAX!

Qus: Have you purchased House?
Ans: Yes
Tax: PAY STAMP DUTY & REGISTRATION FEE & Property Tax

Qus: How you Travel?
Ans: Bus
Tax: PAY SURCHARGE!

Qus: Any Additional Tax?
Ans: Yes
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.’s TAX !!!

Qus: Delayed any time Paying Any Tax?
Ans: Yes
Tax: PAY INTEREST & PENALTY!

Qus: INDIAN :: can i die now??
Ans: wait we are about to launch the funeral tax!!!

 

[Varchar]

Lol.

 

[StianStian is verified member.]

:lol: .. Very funny.. Sounds like Norway to me ..

 

[replic8te]

sounds like India has caught up to Canada

 

[katherine]

When you think about it, most of your money actually goes to taxes of some sort.

 

[draggar]

Ebiz - are you sure that is the tax code for India and not the USA?

 

[Ebiz4india]

Ebiz - are you sure that is the tax code for India and not the USA?

Yes, we have those taxes in our country (INDIA). Am not at all aware about USA taxes.

 

[dotcomgiant]

Qus: INDIAN :: can i die now??
Ans: wait we are about to launch the funeral tax!!!

I think it should be included in ' Tax Exemption ' part if the death is due to all these tax burden ...

:upset: