Indian Tax Structure - Really Funny

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Taxman asks an Indian…

*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*

*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*

 

 

Keep Smiling & Take Care !!

 

- Shreepad Joshi

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