Thursday, February 12, 2009

TAX STRUCTURE IN INDIA

1) GOVT. : What are you doing?
INDIAN : Business.
Tax : PAY PROFESSIONAL TAX!

2) GOVT. : What are you doing in Business?
INDIAN : Selling the Goods.
Tax : PAY SALES TAX!!

3) GOVT. : From where are you getting Goods?
INDIAN : From other State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!

4) GOVT. : What are you getting in Selling Goods?
INDIAN : Profit.
Tax : PAY INCOME TAX!

5) GOVT. : How do you distribute profit ?
INDIAN : By way of dividend
Tax : Pay dividend distribution Tax

6) GOVT. : Where you Manufacturing the Goods?
INDIAN : Factory.
Tax : PAY EXCISE DUTY!

7) GOVT. : Do you have Office / Warehouse/ Factory?
INDIAN : Yes
Tax : PAY MUNICIPAL & FIRE TAX!

8) GOVT. : Do you have Staff?
INDIAN : Yes
Tax : PAY STAFF PROFESSIONAL TAX!

9) GOVT. : Doing business in Millions?
INDIAN : Yes
Tax : PAY TURNOVER TAX!
INDIAN : No
Tax : Then pay Minimum Alternate Tax

10) GOVT. : Are you taking out over 25,000 Cash from Bank?
INDIAN : Yes, for Salary.
Tax : PAY CASH HANDLING TAX!

11) GOVT.: Where are you taking your client for Lunch & Dinner?
INDIAN : Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX!

12) GOVT.: Are you going Out of Station for Business?
INDIAN : Yes
Tax : PAY FRINGE BENEFIT TAX!

13) GOVT.: Have you taken or given any Service/s?
INDIAN : Yes
Tax : PAY SERVICE TAX!

14) GOVT.: How come you got such a Big Amount?
INDIAN : Gift on birthday.
Tax : PAY GIFT TAX!

15) GOVT.: Do you have any Wealth?
INDIAN : Yes
Tax : PAY WEALTH TAX!

16) GOVT..: To reduce Tension, for entertainment, where are you going?
INDIAN : Cinema or Resort.
Tax : PAY ENTERTAINMENT TAX!

17) GOVT.: Have you purchased House?
INDIAN : Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE !

18) GOVT.: How you Travel?
INDIAN : Bus
Tax : PAY SURCHARGE!

19) GOVT.: Any Additional Tax?
INDIAN : Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE
CENTRAL GOVT.'s TAX !!!

20) GOVT.: Delayed any time Paying Any Tax?
INDIAN : Yes
Tax : PAY INTEREST & PENALTY!

21) INDIAN : can i die now??
GOVT : Wait! we are about to launch the FUNERAL TAX!!!

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He Asked Symonds

He Asked Hayden

He Asked Kaif Too

At Last got frm Harbhajan

At Last got frm Harbhajan

Thanks Bhajji

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