Tax Maniac India

navinkumar naicker (Article) (419 Points)

05 May 2011  

TAX...................TAX..................TAX....... What a Great job from Govt. of India .



 

 

 

What a great job from govt. of india

 

 

 

 

 

 Must Read

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

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2) Petrol Price in INDIA

Pakistan            26

Bangladesh       22

Cuba                 19

Nepal                 34

Burma               30

Afghanistan      36

INDIA               63.40

 

 3) BASIC COST  PER 1 LITRE 16.50

Centre tax    11.80%

Excise duty    9.75%

Vat cess               4%

State tax             8 %

Total     Rs.    50.05

 

Now extra 13.35 Rs, PER 1 LITRE

 

What a Great job from Govt. of India …



 

                             BHARATHMATHA KI JAI