HELLO MY DEAR FRIENDS I AM BACK AGAIN WITH MY NEXT HUMOUROUS POST OF MY ONGOING HUMOUROUS SERIES,...

HAVE FUN,..CA STUDENTS WILL SURELY LIKE THIS,....

Tax Structure in India funny But True. 

Question 1.. : What are you doing? 
Ans. : Business. 
Tax : PAY PROFESSIONAL TAX! 

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

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

Question 4 : What are you getting in Selling Goods? 
Ans. : Profit. 
Tax : PAY INCOME TAX! 

Question 5: How do you distribute profit ? 
Ans : By way of dividend 
Tax : PAY DIVIDEND DISTRIBUTION TAX 

Question 6 : Where you Manufacturing the Goods? 
Ans. : Factory... 
Tax : PAY EXCISE DUTY! 

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

Question 8 : Do you have Staff? 
Ans. : Yes 
Tax : PAY STAFF PROFESSIONAL TAX! 

Question 9 : Doing business in Millions? 
Ans. : Yes -- Tax : PAY TURNOVER TAX! 
Ans : No -- Tax : Then pay Minimum Alternate Tax 

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

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

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

Question 13 : Have you taken or given any Services? 
Ans. : Yes 
Tax : PAY SERVICE TAX 

Question 14 : How come you got such a Big Amount? 
Ans. : Gift . 
Tax : PAY GIFT TAX 

Question 15.: Do you have any Wealth? 
Ans. : Yes 
Tax : PAY WEALTH TAX 

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

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

Question 18 : How you Travel? 
Ans. : Bus 
Tax : PAY SURCHARGE 

Question 19.: Any Additional Tax? 
Ans. : Yes 
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX 

Question 20: 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!