While browsing on the net I found a very interesting piece of Information which I have modified fo ApniTally readers. The tax structure in India is so unorganised ( if I am right ) that you can see the mess. Some times it feels that we are here just to pay the Taxes, nothing else. Rest of the people (Hassan Ali, Politicians etc.) are just enjoying life.
In India if we ask from a person about taxation, here would be the conversation:-
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.: How do you distribute profit ?
Ans : By way of dividend
Tax : PAY DIVIDEND DISTRIBUTION TAX
6) Qus.: Where are you Manufacturing the Goods?
Tax : PAY EXCISE DUTY
8) Qus.: Do you have Staff?
Tax: PAY STAFF PROFESSIONAL TAX
9) Qus.: Doing business in Millions?
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?
Tax : PAY FOOD & ENTERTAINMENT TAX
12) Qus.: Are you going Out of Station for Business?
Tax : PAY FRINGE BENEFIT TAX
13) Qus.: Have you taken or given any Service/s?
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?
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?
Tax : PAY STAMP DUTY & REGISTRATION FEE
18) Qus.: How you Travel?
Tax : PAY SURCHARGE
19) Qus.: Any Additional Tax?
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL &
SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
20) Qus.: Delayed any time Paying Any Tax?
Tax : PAY INTEREST & PENALTY
21) INDIAN : Can I die now??
Ans : No, wait we are about to launch the FUNERAL TAX
Your comments are welcome.