Wednesday, November 3, 2010

You can't avoid tax in India!

*INDIAN TAX*
It seems funny but very true.

*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*

*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*

*------------------------------------------------------------------------*
*Petrol Price in INDIA*

Pakistan Rs. 26
Bangladesh Rs. 22
Cuba Rs.19
Nepal Rs. 34
Burma Rs. 30
Afghanistan Rs. 36

INDIA Rs. 53
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 3 Rs, PER 1 LITRE
Great job from govt. … as additional surcharge per litre!

Edited by: Lawyer Asad

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