The Great Indian TAX Structure...

Discussion in 'General Chat' started by tradeepak, Feb 18, 2008.

  1. #1
    Some one Help me on TAX..........

    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 :: wait we are about to launch the funeral tax!!!
     
    tradeepak, Feb 18, 2008 IP
    eXe likes this.
  2. dairyman

    dairyman Notable Member

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    #2
    That is really funny. I hope the finance minister will really love it!
    As you know, the tax collections are utilized to run the government machinery in an efficient manner and it is the duty of the public to see that it is done as per the law of the land :D
     
    dairyman, Feb 18, 2008 IP
  3. w3bmaster

    w3bmaster Notable Member

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    #3
    Sounds like the taxes in my country :)
     
    w3bmaster, Feb 18, 2008 IP
  4. eXe

    eXe Notable Member

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    #4
    So true... +rep
     
    eXe, Feb 18, 2008 IP
  5. kodut

    kodut Well-Known Member

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    #5
    indeed a great post , but only 25% of people follow it :D
     
    kodut, Feb 18, 2008 IP
  6. FreelanceFirm

    FreelanceFirm Banned

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    #6
    Though i am not an Indian still i liked the last one numbered 21.
    Tax for death also, hahahah!!
     
    FreelanceFirm, Feb 18, 2008 IP
  7. bochgoch

    bochgoch Peon

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    #7
    Is there really a gift tax? How does that work?
     
    bochgoch, Feb 18, 2008 IP
  8. eXe

    eXe Notable Member

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    #8
    eXe, Feb 18, 2008 IP
  9. bnts

    bnts Well-Known Member

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    #9
    Nice one lol.. the funeral tax!!!..lolala!!!
     
    bnts, Feb 18, 2008 IP
  10. unkush

    unkush Banned

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    #10
    yes this is 1000% right we have to pay tax for each and everything
     
    unkush, Feb 18, 2008 IP
  11. getjimmy

    getjimmy Prominent Member

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    #11
    Nice one dude,ya great Indian tax structure.
     
    getjimmy, Feb 18, 2008 IP
  12. myadsense

    myadsense Peon

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    #12
    the more you income the more tax you need to pay..:)..no 21 is funny
     
    myadsense, Feb 18, 2008 IP
  13. tradeepak

    tradeepak Banned

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    #13
    The sad part is there is no clear definition of 'high' and 'low' income
     
    tradeepak, Feb 19, 2008 IP
  14. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #14
    This is the worst part of Indian Tax if..... :rolleyes::D

    Nice one deepak.

    DON.
     
    deluxdon, Feb 19, 2008 IP
  15. Stroh

    Stroh Notable Member

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    #15
    Nice list! BTW the last one sounds like someone from the US did it... we have that where your entire estate gets taxed after you pass away.
     
    Stroh, Feb 19, 2008 IP
  16. Kceltyr

    Kceltyr Peon

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    #16
    Why is that? It doesn't make sense. Obviously the money has come from income of some descript, so it has already been taxed by income tax or some of ther form of tax. What justification can thre be for governments taxing the same amount of money twice?
     
    Kceltyr, Feb 19, 2008 IP
  17. onlinemoney

    onlinemoney Banned

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    #17
    i do not like this part of Tax ...

    as i hv to pay every weekend for this :(
     
    onlinemoney, Feb 19, 2008 IP
  18. fundu

    fundu Well-Known Member

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    #18
    This is the vicious cycle of taxes and if you earn then you'll always be caught in this vicious circle. Though the last one was funny
     
    fundu, Feb 19, 2008 IP
  19. leandar

    leandar Well-Known Member

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    #19
    you are lucky man , i have to pay this every day :mad:
     
    leandar, Feb 20, 2008 IP
  20. eXe

    eXe Notable Member

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    #20
    I don't know about justification... but if you don't pay up you'll be thrown in jail. Since the government is the biggest mafia around in the area they govern, it is very difficult to escape paying them. You have to pay taxes... just look at what happened to Al Capone!
     
    eXe, Feb 20, 2008 IP