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| Discuss Tax Structure In India at the General Chit Chat within the Traderji.com - Discussion forum for Stocks Commodities & Forex; 1) Qus. : What are you doing? Ans. : Business. Tax : PAY PROFESSIONAL TAX! ... |
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#1
13th February 2008, 01:02 PM
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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! Qus. : How do you distribute profit ? Ans : By way of dividend Tax : Pay dividend distribution Tax 5) Qus. : Where are 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! 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 a House? Ans. : Yes Tax : PAY STAMP DUTY & REGISTRATION FEE ! 17) Qus.: How do 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 :: wait we are about to launch the funeral tax!!! .........thought of sharing this as the screen has to provided any reasons to smile ... 
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#2
13th February 2008, 01:24 PM
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Re: Tax Structure In India
nice q & a.
Most of these tax(sales tax, staff salary tax, surcharge) all borne by salary income ppl and not by business people we are taken part of salary as income tax and rest as our expense tax. and what ever is left , If we put in banks, they take it as TDS. Proud to be indian. Wish, I could be Politician , PM or FM, who just put tax on others and live happily
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#3
13th February 2008, 02:05 PM
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Re: Tax Structure In India
lol
 ....Very nice,Rajaram!Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..."
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