On the funny side , I had read something interesting about it and thought of sharing the following piece. It sums up to prove everything aforesaid and that for everything that we do , we have some sort of Tax to pay ! Here is how -
1) Qus. : What are you doing?Ans. : Business.
OK PAY PROFESSIONAL TAX!
2) Qus. : What are you doing in Business?Ans. : Selling the Goods.
OK PAY SALES TAX!!
3) Qus. : From where are you getting Goods?Ans. : From other State/Abroad
OK PAY CENTRAL SALES TAX, CUSTOM DUTY !
4) Qus. : What are you getting in Selling Goods?Ans. : Profit.
OK PAY INCOME TAX!
5) Qus. : How do you distribute profit ?Ans : By way of dividend
OK Pay dividend distribution Tax
6) Qus. : Where you Manufacturing the Goods?Ans -: Factory.
OK PAY EXCISE DUTY!
7) Qus. : Do you have Office / Warehouse/ Factory?Ans - Yes
OK PAY MUNICIPAL & FIRE TAX!
8)Qus. : Do you have Staff?Ans. : Yes
OK PAY STAFF PROFESSIONAL TAX!
9) Qus. : Doing business in Millions?Ans. : Yes/No
OK if Yes PAY TURNOVER TAX!
And if No , Then pay Minimum Alternate Tax
10) Qus. : Are you taking out over 25,000 Cash from Bank?Ans. : Yes, for Salary
OK PAY CASH HANDLING TAX!
11) Qus.: Where are you taking your client for Lunch & Dinner?Ans. : Hotel
OK PAY FOOD & ENTERTAINMENT TAX!
12) Qus.: Are you going Out of Station for Business?Ans. : Yes
OK PAY FRINGE BENEFIT TAX!
13) Qus.: Have you taken or given any Service/s?Ans. : Yes
OK PAY SERVICE TAX !
14) Qus.: How come you got such a Big Amount?Ans. : Gift on birthday.
OK PAY GIFT TAX!
15) Qus.: Do you have any Wealth?Ans. : Yes
OK PAY WEALTH TAX!
16) Qus.: To reduce Tension, for entertainment, where are you going?Ans. : Cinema or Resort.
Wow ! PAY ENTERTAINMENT TAX!
17) Qus.: Have you purchased House?Ans. : Yes
OK PAY STAMP DUTY & REGISTRATION FEE !
18 Qus.: How you Travel?Ans. : Bus
OK PAY SURCHARGE!
19) Qus.: Any Additional Tax?
Ans. : Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
20) Qus.: Delayed any time Paying Any Tax?
Ans. : Yes
OK PAY INTEREST & PENALTY!
21) Qus.: Do you own a Vehicle?Ans.: Yes
OK Pay Road Tax!
22) Qus.: Do you drive a Vehicle?Ans.: Yes
OK Pay Toll Tax!
23) INDIAN :: Can I Die Now??
Ans :: WAIT WE ARE ABOUT TO LAUNCH THE FUNERAL TAX!!!
P.S. - The above conversation is just for fun only.
The progress of a nation like India is so hugely dependent on the taxes that we pay. The more money you pay , the more contribution you make and hence the more valuable (& responsible) Citizen you are !
So till you are acquainted with some tax-saving policies , Keep paying the Taxes !
