[Reader-list] INDIA TAX NET DRAGON

[Rajendra Bhat Uppinangadi]

Dear Bipin,
it is rather an amusing situation for citizen in India, that inspite of such
taxes, the percentage of citizens honestly paying taxes is very low, for
thanks to the "consultants" and "chartered" accountants, there are numerous
loop holes to exploit, use, and be legally correct in not paying any tax for
the corporate Zjars who cock a snook at tax laws, just as the political
leadership which increases its  own salaries five fold, thus looting the
collected tax.!
With over a billion population one may look cynically if it is said that
income tax payers of India is just 2.1 percent of the total population, of
this 73 percent is salaried class who have no option but to pay as the tax
is deducted at salary source.!
Babus who still occupy positins of power, after the retirement, judicial
officers who enjoy remunerations after retirement, politicians who pass the
nuclear liability bill for the citizens after hefty quid pro quo s are all
in league when it comes to legally voiding taxes.!
 Poor indian citizen pays taxes in indirect way even when he buys tooth
paste or a small purchase of a tooth brush.! But the leaders in society get
all the pin to aeroplane at national cost from national exchequer, that is
demcratic rule at work.!
Does it surprise any one if terror activities and the supporting NGOs for
them, are also legally need not pay tax as they thrive on illegal
funding.inlegal format, be it naxalites, or any faith fanatics.?
love and regards,
rajen.

On Sat, Aug 21, 2010 at 11:51 PM, Bipin Trivedi <aliens at dataone.in> wrote:

>
> ` 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!!!
>
>
>
> _________________________________________
> reader-list: an open discussion list on media and the city.
> Critiques & Collaborations
> To subscribe: send an email to reader-list-request at sarai.net with
> subscribe in the subject header.
> To unsubscribe: https://mail.sarai.net/mailman/listinfo/reader-list
> List archive: <https://mail.sarai.net/pipermail/reader-list/>




-- 
Rajen.