TAX STRUCTURE IN INDIA
M.Peer Mohamed Sardhar
1) Qus. : What are you doing?
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?
Tax: PAY INCOME TAX!
5) Qus. : Where you Manufacturing the Goods?
Tax: PAY EXCISE DUTY!
6) Qus. : Do you have Office / Warehouse/ Factory?
Tax: PAY MUNICIPAL & FIRE TAX!
7) Qus. : Do you have Staff?
Tax: PAY STAFF PROFESSIONAL TAX!
Qus. : Doing business in Millions?
Tax: PAY TURNOVER TAX!
9) Qus. : Are you taking out over 25,000 Cash from Bank?
Ans.: Yes, for Salary.
Tax: PAY CASH HANDLING TAX!
10) Qus. : Where are you taking your client for Lunch & Dinner?
Tax: PAY FOOD & ENTERTAINMENT TAX!
11) Qus. : Are you going Out of Station for Business?
Tax: PAY FRINGE BENEFIT TAX!
12) Qus. : Have you taken or given any Service/s?
Tax : PAY SERVICE TAX!
13) Qus. : How come you got such a Big Amount?
Ans.: Gift on birthday.
Tax: PAY GIFT TAX!
14) Qus. : Do you have any Wealth?
Tax: PAY WEALTH TAX!
15) Qus. : To reduce Tension, for entertainment, where are you going?
Ans.: Cinema or Resort.
Tax: PAY ENTERTAINMENT TAX!
16) Qus. : Have you purchased House?
Tax : PAY STAMP DUTY & REGISTRATION FEE !
17) Qus. : How you Travel?
Tax: PAY SURCHARGE!
1 Qus. : Any Additional Tax?
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.’s TAX !!!
19) Qus. : Delayed any time Paying Any Tax?
Tax: PAY INTEREST & PENALTY!