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Tuesday, July 12, 2011

Indian Tax Structure - Really Funny


Taxman asks an Indian…
*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*

*8) Qus.: Do you have Staff?*
*Ans.: **Yes*
*Tax: **PAY STAFF PROFESSIONAL TAX*

*9) Qus.: Doing business in Millions?*
*Ans.: **Yes*
*Tax : **PAY TURNOVER TAX* * * *?*
*Ans : **No*
*Tax : **Then pay Minimum Alternate Tax*

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

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

*12) Qus.: Are you going Out of Station for Business?*
*Ans.: **Yes*
*Tax :* *PAY FRINGE BENEFIT TAX*

*13) Qus.: Have you taken or given any Service/s?*
*Ans.: **Yes*
*Tax : **PAY SERVICE TAX*

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

*15) Qus.: Do you have any Wealth?*
*Ans.: **Yes*
*Tax : **PAY WEALTH TAX*

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

*17) Qus.: Have you purchased House?*
*Ans.: **Yes*
*Tax : **PAY STAMP DUTY & REGISTRATION FEE*

*18) Qus.: How you Travel?*
*Ans.: **Bus*
*Tax : **PAY SURCHARGE*

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

*20) Qus.: Delayed any time Paying Any Tax?*
*Ans.: **Yes*
*Tax : **PAY INTEREST & PENALTY*

*21) INDIAN : Can I die now??*
*Ans :* *No, * *wait we are about to launch the FUNERAL TAX*
 
 
Keep Smiling & Take Care !!
 
- Shreepad Joshi
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For Further Reading,
ENTERTAINMENT, MY CORNER

1 comments:

UDAY SAHA on July 13, 2011 at 9:24 AM said...

Good Morning Satishji,Thanks for good info...UdaySaha

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