Mind It!

Indian tax structure

• Question. : What are you doing?
  Ans. : Business.
  Tax : PAY PROFESSIONAL TAX!
• Question. : What are you doing in Business?
  Ans. : Selling the Goods.
  Tax : PAY SALES TAX!!
• Question. : From where are you getting Goods?
  Ans. : From other State/Abroad
  Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!
• Question. : What are you getting in Selling Goods?
  Ans. : Profit.
  Tax : PAY INCOME TAX!
• Question. : How do you distribute profit ?
  Ans : By way of dividend
  Tax : Pay dividend distribution Tax
• Question. : Where you Manufacturing the Goods?
  Ans. : Factory.
  Tax : PAY EXCISE DUTY!
• Question. : Do you have Office / Warehouse/ Factory?
  Ans. : Yes
  Tax : PAY MUNICIPAL & FIRE TAX!
• Question. : Do you have Staff?
  Ans. : Yes
  Tax : PAY STAFF PROFESSIONAL TAX!
• Question. : Doing business in Millions?
  Ans. : Yes
  Tax : PAY TURNOVER TAX!
  Ans : No
  Tax : Then pay Minimum Alternate Tax
• Question. : Are you taking out over 25,000 Cash from Bank?
  Ans. : Yes, for Salary.
  Tax : PAY CASH HANDLING TAX!
• Question.: Where are you taking your client for Lunch & Dinner?
  Ans. : Hotel
  Tax : PAY FOOD & ENTERTAINMENT TAX!
• Question.: Are you going Out of Station for Business?
  Ans. : Yes
  Tax : PAY FRINGE BENEFIT TAX!
• Question.: Have you taken or given any Service/s?
  Ans. : Yes
  Tax : PAY SERVICE TAX!
• Question.: How come you got such a Big Amount?
  Ans.. : Gift on birthday.
  Tax : PAY GIFT TAX!
• Question.: Do you have any Wealth?
  Ans. : Yes
  Tax : PAY WEALTH TAX!
• Question.: To reduce Tension, for entertainment, where are you going?
  Ans. : Cinema or Resort.
  Tax : PAY ENTERTAINMENT TAX!
• Question.: Have you purchased House?
  Ans. : Yes
  Tax : PAY STAMP DUTY & REGISTRATION FEE !
• Question.: How you Travel?
  Ans. : Bus
  Tax : PAY SURCHARGE!
• Question.: Any Additional Tax?
  Ans. : Yes
  Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.’s TAX !!!
• Question.: Delayed any time Paying Any Tax?
  Ans.. : Yes
  Tax : PAY INTEREST & PENALTY!
• INDIAN :: can i die now??
  Ans :: wait we are about to launch the funeral tax!!!