TAX STRUCTURE IN INDIA

CMA KNVV Sri Vidya - Sri Kanth (C.A.Final (New) ICWAI FINAL (New))   (11269 Points)

13 June 2010  

 

 

TAX STRUCTURE IN INDIA



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. : Where you Manufacturing the Goods?

Ans. : Factory.

Tax : PAY EXCISE DUTY!



6) Qus. : Do you have Office / Warehouse/ Factory?

Ans. : Yes

Tax : PAY MUNICIPAL & FIRE TAX!



7) Qus. : Do you have Staff?

Ans. : Yes

Tax : PAY STAFF PROFESSIONAL TAX!



 Qus. : Doing business in Millions?

Ans. : Yes

Tax : PAY TURNOVER TAX!



9) Qus. : Are you taking out over 25,000 Cash from Bank?

Ans. : Yes, for Salary.

Tax : PAY CASH HANDLING TAX!



10) Qus. : Where are you taking your client for Lunch & Dinner?

Ans. : Hotel

Tax : PAY FOOD & ENTERTAINMENT TAX!



11) Qus. : Are you going Out of Station for Business?

Ans. : Yes

Tax : PAY FRINGE BENEFIT TAX!



12) Qus. : Have you taken or given any Service/s?

Ans. : Yes

Tax : PAY SERVICE TAX!



13) Qus. : How come you got such a Big Amount?

Ans. : Gift on birthday.

Tax : PAY GIFT TAX!



14) Qus. : Do you have any Wealth?

Ans. : Yes

Tax : PAY WEALTH TAX!



15) Qus. : To reduce Tension, for entertainment, where are you going?

Ans. : Cinema or Resort.

Tax : PAY ENTERTAINMENT TAX!



16) Qus. : Have you purchased House?

Ans. : Yes

Tax : PAY STAMP DUTY & REGISTRATION FEE !



17) Qus. : How you Travel?

Ans. : Bus

Tax : PAY SURCHARGE!



1 Qus. : Any Additional Tax?

Ans. : Yes

Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!



19) Qus. : Delayed any time Paying Any Tax?

Ans. : Yes

Tax : PAY INTEREST & PENALTY!

 

 

 

 





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"One must change one's tactics every ten years if one wishes to maintain one's superiority"