Time to smile

Indian way of doing Business

Three contractors are bidding to fix a broken fence at the White House in Washington D.C. One from Bangladesh , another from India and the third, from China. They go with a White House office to examine the fence. The Bangladesh contractor takes out a tape measure and does some measuring, then works some figures with a pencil. "Well", he says, "I figure the job will run about $900. ($400 for materials, $400 for my team and $100 profit for me)". The Chinese contractor also does some measuring and figuring, then says, "I can do this job for $700. ($300 for materials, $300 for my team and $100 profit for me)". The Indian contractor doesn't measure or figure, but leans over to the White House official and whispers, "$2,700." The official, outraged says, "You didn't even measure like the other guys! How did you come up with such a high figure?" The Indian contractor whispers back, "$1000 for me, $1000 for you, and we hire the guy from China to fix the fence." "Done!" replies the government official. Tax Structure in India funny But True. Question 1.. : What are you doing? Ans. : Business. Tax : PAY PROFESSIONAL TAX! Question 2 : What are you doing in Business? Ans. : Selling the Goods. Tax : PAY SALES TAX! Question 3 : From where are you getting Goods? Ans. : From other State/Abroad Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI Question 4 : What are you getting in Selling Goods? Ans. : Profit. Tax : PAY INCOME TAX! Question 5: How do you distribute profit ? Ans : By way of dividend Tax : PAY DIVIDEND DISTRIBUTION TAX Question 6 : Where you Manufacturing the Goods? Ans. : Factory... Tax : PAY EXCISE DUTY! Question 7 : Do you have Office / Warehouse / Factory? Ans. : Yes Tax : PAY MUNICIPAL & FIRE TAX! Question 8 : Do you have Staff? Ans. : Yes Tax : PAY STAFF PROFESSIONAL TAX! Question 9 : Doing business in Millions? Ans. : Yes -- Tax : PAY TURNOVER TAX! Ans : No -- Tax : Then pay Minimum Alternate Tax Question 10 : Are you taking out over 25,000 Cash from Bank? Ans. : Yes, for Salary. Tax : PAY CASH HANDLING TAX! Question 11 : Where are you taking your client for Lunch & Dinner? Ans. : Hotel Tax : PAY FOOD & ENTERTAINMENT TAX Question 12 : Are you going Out of Station for Business? Ans. : Yes Tax : PAY FRINGE BENEFIT TAX Question 13 : Have you taken or given any Services? Ans. : Yes Tax : PAY SERVICE TAX Question 14 : How come you got such a Big Amount? Ans. : Gift on birthday. Tax : PAY GIFT TAX Question 15.: Do you have any Wealth? Ans. : Yes Tax : PAY WEALTH TAX Question 16 : To reduce Tension, for entertainment, where are you going? Ans. : Cinema or Resort. Tax : PAY ENTERTAINMENT TAX Question 17 : Have you purchased House? Ans. : Yes Tax : PAY STAMP DUTY & REGISTRATION FEE Question 18 : How you Travel? Ans. : Bus Tax : PAY SURCHARGE Question 19.: Any Additional Tax? Ans. : Yes Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX Question 20: Delayed any time Paying Any Tax? Ans. : Yes Tax : PAY INTEREST & PENALTY 21) INDIAN : Can I die now?? Ans : Wait we are about to launch the funeral tax!