[Reader-list] INDIA TAX NET DRAGON

[Bipin Trivedi]

` TAX STRUCTURE IN INDIA `

Question Answers on TAXES

What are you doing? - Business - pay professional tax!
What are you doing in Business? - Selling the Goods. - pay sales tax!!
>From where are you getting Goods? - From other State/Abroad - pay central
sales tax, custom duty & octroi!
What are you getting in Selling Goods? - Profit. - pay income tax!
How do you distribute profit ? - By way of dividend - pay dividend
distribution tax
Where you Manufacturing the Goods? - Factory. - pay excise duty!
Do you have Office / Warehouse/ Factory? - Yes - pay municipal & fire tax!
Do you have Staff? - Yes - pay staff professional tax!
Doing business in Millions? - Yes - pay turnover tax!
                              No - then pay minimum alternate tax
Are you taking out over 25,000 Cash from Bank? - Yes, for Salary. - pay cash
handling tax!
Where are you taking your client for Lunch & Dinner? - Hotel - pay food &
entertainment tax!
Are you going Out of Station for Business? - Yes - pay fringe benefit tax!
Have you taken or given any Service/s? - Yes - pay service tax!
How come you got such a Big Amount? - Gift on birthday. - pay gift tax!
Do you have any Wealth? - Yes - pay wealth tax!
To reduce Tension, for entertainment, where are you going? - Cinema or
Resort. - pay entertainment tax!
Have you purchased House? - Yes - pay stamp duty & registration fee !
How you Travel? - Bus - pay surcharge!
Any Additional Tax? - Yes - pay educational, additional educational &
surcharge on all the central govt.'s tax !!!
Delayed any time Paying Any Tax? - Yes - pay interest & penalty!

INDIAN :: Can I Die Now?? - Wait we are about to launch the funeral tax!!!