TAX STRUCTURE IN INDIA
1. What are you doing?
ans :- Business
TAX :- PAY PROFESSIONAL TAX!!!!
2. What are you doing in business?
ans :- Selling goods
TAX :- PAY SALES TAX!!!!
3. From where are you gettin goods?
ans :- From other state/ abroad
TAX :- PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI !!!!
4. What are you getting in selling goods?
ans :- profit
TAX :- PAY INCOME TAX !!!!
5. How do you distribue profit?
ans :- By way of dividend
TAX :- PAY DIVIDEND DISTRIBUTION TAX !!!!
6. Where are you manufacturing the goods?
ans :- Factory
TAX :- PAY EXCISE DUTY !!!!
7. Do you have office / warehouse / factory?
ans :- Yes
TAX :- PAY MUNICIPAL AND FIRE TAX !!!!
8. Do you have staff?
ans :- yes
TAX :- PAY STAFF PROFESSIONAL TAX !!!!
9. Doing business in millions?
ans :- yes
TAX :- PAY TURNOVER TAX
ans :- no
TAX :- PAY ALTERNATE MINIMUM TAX !!!!
10. Are you taking out over rs 25000 cash from bank?
ans :- yes, for salary
TAX :- PAY CASH HANDLING TAX !!!!
11. Where are you taking your client out for lunch or dinner?
ans :- Hotel
TAX :- PAY FOOD AND ENTERTAINMENT TAX !!!!
12. Are you going out of station for business?
ans :- yes
TAX :- PAY FRINGE BENEFIT TAX !!!!
13. Have you taken or given any service?
ans :- Yes
TAX :- PAY SERVICE TAX !!!!
14. How come you got such a big amount?
ans :- Gift on birthday
TAX :- PAY GIFT TAX !!!!
15. Do you have any wealth?
ans :- Yes
TAX :- PAY WEALTH TAX !!!!
16. For timepass where are you going?
ans :- Cinema or resort
TAX :- PAY ENTERTAINMENT TAX !!!!
17. Have you purchased house?
ans :- Yes
TAX :- PAY STAMP DUTY & REGISTRATION FEES !!!!
18. How do you travel?
ans : Bus
TAX :- PAY SURCHARGE !!!!
I sometimes feel that we earn less and pay tax more 🙁