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Thread: Tax structure in India - Funny but true!!

  1. #1

    Lightbulb Tax structure in India - Funny but true!!


    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 Office / Warehouse/ Factory?
    Ans. : Yes
    Tax : PAY MUNICIPAL & FIRE TAX!

    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 :: wait we are about to launch the funeral tax!!! :p


    So very true....isnt it?? :rolleyes:


    Rock on
    Jit
    .. " Until Lions have their historians, tales of the hunt shall always glorify the hunter! " ..



  2. #2
    Quote Originally Posted by cooljat View Post


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

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


    So very true....isnt it?? :rolleyes:


    Rock on
    Jit
    22) Qus.: Are you tall?
    Ans. : Yes
    Tax : PAY "Toll Tax" !!


    Rock on ....hehehe

    .
    तमसो मा ज्योतिर्गमय

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