General

Indian Tax Structure

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  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.: How do you distribute profit ?
    Ans : By way of dividend
    Tax : PAY DIVIDEND DISTRIBUTION TAX
  6. Qus.: Where you Manufacturing the Goods?
    Ans.: Factory.
    Tax : PAY EXCISE DUTY
  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 ?Ans : No
    Tax : Then pay Minimum Alternate 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
  20. INDIAN : Can I die now?
    Ans : No, wait we are about to launch the FUNERAL TAX
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