Feeling the weight of the forthcoming budget? Perhaps, but let's lighten the mood with some tax-free humor.
Business and Taxes: A Humorous Look
We've all wondered about the many taxes we pay. This playful question-and-answer exchange sheds light on the various taxes encountered in business, highlighting the breadth of the tax system in a comical way.
Q: What are you doing?
A: Business.
Tax: Pay Professional Tax!
Q: What are you doing in Business?
A: Selling Goods.
Tax: Pay Sales Tax!!
Q: From where are you getting Goods?
A: From other States/Abroad.
Tax: Pay Central Sales Tax, Custom Duty & Octroi!
Q: What are you getting by selling Goods?
A: Profit.
Tax: Pay Income Tax!
Q: How do you distribute profit?
A: By way of dividends.
Tax: Pay Dividend Distribution Tax!
Q: Where do you manufacture the Goods?
A: Factory.
Tax: Pay Excise Duty!
Q: Do you have Office / Warehouse / Factory?
A: Yes.
Tax: Pay Municipal & Fire Tax!
Q: Do you have Staff?
A: Yes.
Tax: Pay Staff Professional Tax!
Q: Doing business in Millions?
A: Yes.
Tax: Pay Turnover Tax!
A: No.
Tax: Then pay Minimum Alternate Tax.
Q: Are you taking out over 25,000 Cash from Bank?
A: Yes, for Salary.
Tax: Pay Cash Handling Tax!
Q: Where are you taking your client for Lunch & Dinner?
A: Hotel.
Tax: Pay Food & Entertainment Tax!
Q: Are you going Out of Station for Business?
A: Yes.
Tax: Pay Fringe Benefit Tax!
Q: Have you taken or given any Service/s?
A: Yes.
Tax: Pay Service Tax!
Q: How come you got such a Big Amount?
A: Gift on birthday.
Tax: Pay Gift Tax!
Q: Do you have any Wealth?
A: Yes.
Tax: Pay Wealth Tax!
Q: To reduce Tension, for entertainment, where are you going?
A: Cinema or Resort.
Tax: Pay Entertainment Tax!
Q: Have you purchased a House?
A: Yes.
Tax: Pay Stamp Duty & Registration Fee!
Q: How do you Travel?
A: Bus.
Tax: Pay Surcharge!
Q: Any additional Tax?
A: Yes.
Tax: Pay Educational, Additional Educational & Surcharge on all the Central Government's Tax!!!
Q: Delayed any time paying Any Tax?
A: Yes.
Tax: Pay Interest & Penalty!
A common man: "Can you let me die in peace now?" Ans: "Yes. Just wait. We are about to launch the funeral tax!!!"