CA Adarsh Agrawal (CMD of SHAYVIDZ Group) 29 April 2010

Tax Structure in India !!!!! Funny But True !!!!!

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 Service / (s)?
Ans. : Yes
Tax : PAY SERVICE TAX!

Question 14 : How come you got such a Big Amount?
Ans. : Gift on birthday.
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 !!!

Reply Follow

7 Replies

N.K.Assumi (Advocate) 29 April 2010

NICE.

Kiran Kumar (Lawyer) 29 April 2010

good observation...

Shree. ( Advocate.) 29 April 2010

Where else will our Govt get funds to use on Foreign trips/ Lavish lunches for our Politicians........

Bhartiya No. 1 (Nationalist) 29 April 2010

Excellant!

If anyone is sick, he pays doctor's fees plus service tax. If anyone get dipossesed from his own land pay heavy court fee.

1 Like

CA Adarsh Agrawal (CMD of SHAYVIDZ Group) 30 April 2010

Ashutosh Sir ! Taxation policy is in its pick but the administration procedure's tradition (bribe) is also worst !!! even one has to meet out the expenses to receive his/her own money (Income Tax Refund) which have been deducted at source (TDS) !!!! thank god, atleast there is no service tax on bribe !!

Bhartiya No. 1 (Nationalist) 30 April 2010

Exactly, Learner sir, first of all bribe should be lealised, and then it should be brought under service tax category for the benefit of the country. Other wise our money will go to Tax heaven countries.

It is crude truth that we can not move an inch without bribe.