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!
7) Qus.. : Do you have Office / Warehouse/ Factory?
Ans. : Yes Tax : PAY MUNICIPAL & FIRE TAX!
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 :: wait we are about to launch the funeral tax!!!
Related posts:
- GST – All You Wanted to Know About Good and Service Tax in India
- No Import Duty to be Paid on Imports for Manufacturers!
- Simple Tax Regime, Simple Tax Structure, FBT & CTT abolished, Lawyers to pay Service Tax, Corporate Tax remain Unchanged
- PAN Structure | Know Your PAN Structure
- Income Tax Guidance of India for dummies | Especially for foreigners comes to India
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{ 5 comments… read them below or add one }
the main thing that the tax authority must do is to make the system more viable and simple for a layman’s understanding.
this information is very useful to us like the new comer to the corporate finance field.
Hi folks,
I am a tax student, i believe that the Indian government instead of simplifying the complex net of the tax system is actually making it more confusing and elaborating it….by adding more provisions. they should be more clear Unambiguous.
this information is very usefull to rural student to understand the concept of tax and background of taxation.
this information is very usefull to rural student to understand the concept of tax and background of taxation.
.