My SCRAPBOOK (సేకరణలు): A COLLECTION of articles in English and Telugu(తెలుగు), from various sources, on varied subjects. I do not claim credit for any of the contents of these postings as my own.A student's declaration made at the end of his answer paper, holds good to the articles here too:"I hereby declare that the answers written above are true to the best of my friend's knowledge and I claim no responsibility whatsoever of the correctness of the answers."

Friday, February 20, 2009

TAX STRUCTURE IN INDIA


1 What are you doing?
Business. PAY PROFESSION TAX!

2 What are you doing in Business?
Selling the Goods. PAY SALES TAX!

3 From where are you getting Goods?
From other State/Abroad. PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI

4 What are you getting by Selling Goods?
Profit. PAY INCOME TAX!

5 How do you distribute profit? By way of dividend. PAY DIVIDEND DISTRIBUTION TAX!

6 Where you Manufacturing the Goods?
Factory. PAY EXCISE DUTY!

7 Do you have Office/Warehouse/Factory?
Yes. PAY MUNICIPAL & FIRE TAX!

8 Do you have any Staff?
Yes. PAY STAFF PROFESSIONAL TAX!

9 Doing business in Millions of Rupees?
Yes.
PAY TURNOVER TAX! No.
THEN PAY MINIMUM ALTERNATE TAX.

10 Are you taking out over Rs. 25,000 Cash from Bank?
Yes, for Salary. PAY CASH HANDLING TAX!

11 Where are you taking your client for Lunch & Dinner?
Hotel. PAY FOOD & ENTERTAINMENT TAX!

12 Are you going Out of Station for Business?
Yes. PAY FRINGE BENEFIT TAX!

13 Have you taken or given any Service/s?
Yes PAY SERVICE TAX!

14 How come you got such a Big Amount/Huge Property?
Gift on birthday. PAY GIFT TAX! Inherited Estate. PAY ESTATE DUTY.

15 Do you have any Wealth?
Yes. PAY WEALTH TAX!

16 To reduce Tension; for entertainment, where are you going?
Cinema or Resort. PAY ENTERTAINMENT TAX!

17 Have you purchased a House?
Yes. PAY STAMP DUTY & REGISTRATION FEE!

18 How do you Travel?
Bus. PAY SURCHARGE/TOLL FEE! TRAIN PAY SITTING CHARGES SLEEPER CHARGES, SURCHARGE, MINIUMUM DISTANCE CHARGE, HIGH SPEED TAX AIRPLANE PAY FUEL SURCHARGES, AIRPORT MODERNISATION TOLL TAX. ENTRY TAX. 19 Any Additional Tax?
Yes.

PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT. TAX!

20 Delayed any time Paying Any Tax?
Yes.
PAY INTEREST & PENALTY!

21 I AM PROUD TO BE AN INDIAN. INDIA IS SHINING, ALIVE AND KICKING! CAN I DIE NOW?

WAIT. FUNERAL TAX HAS JUST COME INTO OPERATION. - PAY YOUR TAXES PROMPTLY, TILL YOUR LAST BRAEATH AND LIVE HAPPILY THERE AFTER.


(an email forward)
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