Taxes in India

CA bhargava (CA) (2017 Points)

12 July 2011  

 

What a great job from govt. of india
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?Must Read
1) ???? Qus.: What are you doing?
Ans.: Business.
Tax : PAY?PROFESSIONAL TAX
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2) ???? Qus.: What are you doing in Business?
Ans.: Selling the Goods.
Tax : PAY SALES TAX
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3) ???? Qus.: From where are you getting Goods?
Ans.: From other State/Abroad
Tax : PAY?CENTRAL SALES TAX,?CUSTOM DUTY?& OCTROI
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4) ???? Qus.: What are you getting in Selling Goods?
Ans.: Profit.
Tax : PAY INCOME TAX
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5) ???? Qus.: How do you distribute profit ?
Ans : By way of?dividend
Tax?: PAY DIVIDEND DISTRIBUTION TAX
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6) ???? Qus.: Where you Manufacturing the Goods?
Ans.: Factory.
Tax : PAY?EXCISE DUTY
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8) ???? Qus.: Do you have Staff?
Ans.: Yes
Tax:? PAY STAFF PROFESSIONAL TAX
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9) ???? Qus.: Doing business in Millions?
Ans.: Yes
Tax : PAY?TURNOVER TAX? ??
Ans : No
Tax : Then pay Minimum Alternate Tax
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10) ?? Qus.: Are you taking out over 25,000 Cash from Bank?
Ans.: Yes, for Salary.
Tax : PAY CASH HANDLING TAX
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11)??? Qus.: Where are you taking your client for Lunch & Dinner?
Ans.: Hotel
Tax : PAY?FOOD & ENTERTAINMENT TAX
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12) ?? Qus.: Are you going Out of Station for Business?
Ans.: Yes
Tax : PAY?FRINGE BENEFIT TAX
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13) ?? Qus.: Have you taken or given any Service/s?
Ans.: Yes
Tax : PAY?SERVICE TAX
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14)??? Qus.: How come you got such a Big Amount?
Ans.: Gift on birthday.
Tax : PAY GIFT TAX
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15)??? Qus.: Do you have any Wealth?
Ans.: Yes
Tax : PAY?WEALTH TAX
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16)??? Qus.: To reduce Tension, for entertainment, where are you going?
Ans.: Cinema or Resort.
Tax : PAY?ENTERTAINMENT TAX
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17) ?? Qus.: Have you purchased House?
Ans.: Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE
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18)??? Qus.: How you Travel?
Ans.: Bus
Tax : PAY?SURCHARGE
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19) ?? Qus.: Any Additional Tax?
Ans.: Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL &
SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
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20) ?? Qus.: Delayed any time Paying Any Tax?
Ans.: Yes
Tax : PAY INTEREST & PENALTY
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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???????????? Rs. 26
Bangladesh ?????? Rs. 22
Cuba ????????? ?????? Rs. 19
Nepal?????????? ?????? Rs. 34
Burma ??????? ?????? Rs. 30
Afghanistan ????? Rs. 36
INDIA ??????? ?????? Rs. 70.20
??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
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Now extra 13.35 Rs,?PER 1 LITRE
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What a Great job from Govt. of India??