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Friday, November 19, 2010

Tax for All Walks !


If there is one thing that all the Working Junta would dread on the common plate , it is the Tax factor. Contrary to our everyday greed when it comes to Tax - The lesser , the better .

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 !!!

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 !

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