Tax practitioners roll & Tax structures in India
TAX STRUCTURE IN INDIA
☑ 1) What r u doing?
Ans. : Business
Tax : PAY: PROFESSIONAL TAX!
☑ 2) What r u doing in Business?
Ans. : Selling the Goods.
Tax : PAY SALES TAX!!
☑3) From where r u getting Goods?
Ans. : From other Area/State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI! AND NOW LBT & LPT.
☑ 4) What r u getting in Selling Goods?
Ans. : Profit
Tax : PAY INCOME TAX!
How do you distribute profit ?
Ans : By way of dividend
Tax : Pay DIVIDEND DISTRIBUTION TAX.
☑ 5) Where u Manufacturing the Goods?
Ans. : Factory
Tax : PAY EXCISE DUTY!
☑ 6) Do u have Office / Warehouse/ Factory?
Ans. : Yes
Tax : PAY MUNICIPAL & FIRE TAX!
☑7) Do you have Staff?
Ans. : Yes
Tax : PAY STAFF'S PROFESSIONAL TAX!
☑ 8) Doing business in Millions?
Ans. : Yes
Tax : PAY TURNOVER TAX!
Ans : No
Tax : Then pay Minimum Alternate Tax (MAT).
☑ 9) r u taking out over 25,000 Cash from Bank?
Ans. : Yes, for Salary.
Tax : PAY CASH HANDLING TAX!
☑ 10) Where r u taking your client for Lunch & Dinner?
Ans. : Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX!
☑11) r u going Out of Station for Business?
Ans. : Yes
Tax : PAY FRINGE BENEFIT TAX!
☑12) Have u taken or given any Service/s?
Ans. : Yes
Tax : PAY SERVICE TAX!
☑ 13) How come u got such a Big Amount?
Ans. : Gift on birthday
Tax : PAY GIFT TAX!
☑ 14) Do u have any Wealth?
Ans. : Yes
Tax : PAY WEALTH TAX!
☑ 15) To reduce Tension, for entertainment, where are you going?
Ans. : Cinema or Resort
Tax : PAY ENTERTAINMENT TAX!
☑ 16) Have u purchased House?
Ans. : Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE !
☑17) How u Travel?
Ans: Bus
Tax : PAY SURCHARGE!
☑18) Any Additional Tax?
Ans. : Yes
Tax : PAY EDUCATIONAL ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
☑ 19) Delayed any time Paying Any Tax?
Ans. : Yes
Tax : PAY INTEREST & PENALTY!
☑20) Do you want growth of India.?
Ans: off-cource Yes .
Pay electricity tax, water tax, education tax, & other taxes, which is used by you
Thanks to read the posts
srisakthigroups.blogspot.in
☑ 1) What r u doing?
Ans. : Business
Tax : PAY: PROFESSIONAL TAX!
☑ 2) What r u doing in Business?
Ans. : Selling the Goods.
Tax : PAY SALES TAX!!
☑3) From where r u getting Goods?
Ans. : From other Area/State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI! AND NOW LBT & LPT.
☑ 4) What r u getting in Selling Goods?
Ans. : Profit
Tax : PAY INCOME TAX!
How do you distribute profit ?
Ans : By way of dividend
Tax : Pay DIVIDEND DISTRIBUTION TAX.
☑ 5) Where u Manufacturing the Goods?
Ans. : Factory
Tax : PAY EXCISE DUTY!
☑ 6) Do u have Office / Warehouse/ Factory?
Ans. : Yes
Tax : PAY MUNICIPAL & FIRE TAX!
☑7) Do you have Staff?
Ans. : Yes
Tax : PAY STAFF'S PROFESSIONAL TAX!
☑ 8) Doing business in Millions?
Ans. : Yes
Tax : PAY TURNOVER TAX!
Ans : No
Tax : Then pay Minimum Alternate Tax (MAT).
☑ 9) r u taking out over 25,000 Cash from Bank?
Ans. : Yes, for Salary.
Tax : PAY CASH HANDLING TAX!
☑ 10) Where r u taking your client for Lunch & Dinner?
Ans. : Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX!
☑11) r u going Out of Station for Business?
Ans. : Yes
Tax : PAY FRINGE BENEFIT TAX!
☑12) Have u taken or given any Service/s?
Ans. : Yes
Tax : PAY SERVICE TAX!
☑ 13) How come u got such a Big Amount?
Ans. : Gift on birthday
Tax : PAY GIFT TAX!
☑ 14) Do u have any Wealth?
Ans. : Yes
Tax : PAY WEALTH TAX!
☑ 15) To reduce Tension, for entertainment, where are you going?
Ans. : Cinema or Resort
Tax : PAY ENTERTAINMENT TAX!
☑ 16) Have u purchased House?
Ans. : Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE !
☑17) How u Travel?
Ans: Bus
Tax : PAY SURCHARGE!
☑18) Any Additional Tax?
Ans. : Yes
Tax : PAY EDUCATIONAL ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
☑ 19) Delayed any time Paying Any Tax?
Ans. : Yes
Tax : PAY INTEREST & PENALTY!
☑20) Do you want growth of India.?
Ans: off-cource Yes .
Pay electricity tax, water tax, education tax, & other taxes, which is used by you
Thanks to read the posts
srisakthigroups.blogspot.in
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