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It is currently 21 May 2012 17:37
 
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Arutkumar
Special Member
Joined: 28 Feb 2008 22:00
Posts: 1393
Location: Kulai, Johor (Currently in Singapore)
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 TAX STRUCTURE IN INDIA Anyone interested in doing business in India?
Kindly refer below. 
1) Qus. : What are you doing?
Ans.: Business.
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?
Ans.: Profit.
Tax: PAY INCOME TAX!
5) Qus. : Where you Manufacturing the Goods?
Ans.: Factory.
Tax: PAY EXCISE DUTY!
6) Qus. : Do you have Office / Warehouse/ Factory?
Ans.: Yes
Tax: PAY MUNICIPAL & FIRE TAX!
7) Qus. : Do you have Staff?
Ans.: Yes
Tax: PAY STAFF PROFESSIONAL TAX!
8) Qus. : Doing business in Millions?
Ans.: Yes
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?
Ans.: Hotel
Tax: PAY FOOD & ENTERTAINMENT TAX!
11) Qus. : Are you going Out of Station for Business?
Ans.: Yes
Tax: PAY FRINGE BENEFIT TAX!
12) Qus. : Have you taken or given any Service/s?
Ans.: Yes
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?
Ans.: Yes
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?
Ans.: Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE !
17) Qus. : How you Travel?
Ans.: Bus
Tax: PAY SURCHARGE!
18) Qus. : Any Additional Tax?
Ans.: Yes
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
19) Qus. : Delayed any time Paying Any Tax?
Ans.: Yes
Tax: PAY INTEREST & PENALTY
_________________
Best Regards,
ARUTKUMAR
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| 21 May 2009 11:16 |
  
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Raj
Moderator
Joined: 18 Feb 2008 22:27
Posts: 1359
Location: KL, Malaysia
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 Re: TAX STRUCTURE IN INDIA Ha ha ha, but more or less, most of the country has this kind of taxes what... 
_________________
Regards,
Raj
System Engineer
http://www.raj2u.net
A person who never made a mistake never tried anything new. -- Albert Einstein
Be open minded before ask others opinion. -- Anandharaj
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| 21 May 2009 20:52 |
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Arutkumar
Special Member
Joined: 28 Feb 2008 22:00
Posts: 1393
Location: Kulai, Johor (Currently in Singapore)
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Re: TAX STRUCTURE IN INDIA But I feel like this is too much! 
PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
If we study also need to pay tax huh? 
Kodumaiyilum kodumaiyale irukku... >:P
_________________
Best Regards,
ARUTKUMAR
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| 22 May 2009 11:00 |
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Raj
Moderator
Joined: 18 Feb 2008 22:27
Posts: 1359
Location: KL, Malaysia
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Re: TAX STRUCTURE IN INDIA Some of them cannot be true...
_________________
Regards,
Raj
System Engineer
http://www.raj2u.net
A person who never made a mistake never tried anything new. -- Albert Einstein
Be open minded before ask others opinion. -- Anandharaj
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| 22 May 2009 14:42 |
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Arutkumar
Special Member
Joined: 28 Feb 2008 22:00
Posts: 1393
Location: Kulai, Johor (Currently in Singapore)
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Re: TAX STRUCTURE IN INDIA emmm... I'm glad if it is...
_________________
Best Regards,
ARUTKUMAR
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| 22 May 2009 15:09 |
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