Saturday, April 30, 2011

Can Govt policy be a cause of Corruption ?

Ram Ram 2 All,

  Today I got an email from friend which stating about Tax, it's actually fun to read, but when we get deep into it cause to the national problem corruption. We found that Govt policy & innumerable taxes by one or another way on everything will leads to price hike.

   Let's see in funny ways..... 

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.: How do you distribute profit ?
Ans : By way of dividend
Tax : PAY DIVIDEND DISTRIBUTION TAX
 
6)      Qus.: Where you Manufacturing the Goods?
Ans.: Factory.
Tax : PAY EXCISE DUTY
 
8)      Qus.: Do you have Staff?
Ans.: Yes
Tax:  PAY STAFF PROFESSIONAL TAX
 
9)      Qus.: Doing business in Millions?
Ans.: Yes
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?
Ans.: Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX
 
12)    Qus.: Are you going Out of Station for Business?
Ans.: Yes
Tax : PAY FRINGE BENEFIT TAX
 
13)    Qus.: Have you taken or given any Service/s?
Ans.: Yes
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?
Ans.: Yes
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?
Ans.: Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE
 
18)    Qus.: How you Travel?
Ans.: Bus
Tax : PAY SURCHARGE
 
19)    Qus.: Any Additional Tax?
Ans.: Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL &
SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
 
20)    Qus.: Delayed any time Paying Any Tax?
Ans.: Yes
Tax : PAY INTEREST & PENALTY
 
21)    INDIAN :   Can I die now??
Ans : No,  wait we are about to launch the FUNERAL TAX
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Let's have one example, which affect to almost everyone directly or indirectly.
a) Petrol Price in INDIA
Pakistan             Rs. 26
Bangladesh        Rs. 22
Cuba                  Rs. 19
Nepal                  Rs. 34
Burma                Rs. 30
Afghanistan       Rs. 36
INDIA                Rs. 63.40
 b) BASIC COST  PER 1 LITRE 16.50
Centre tax    11.80%
Excise duty    9.75%
Vat cess               4%
State tax             8 %
Total     Rs.    50.05
Now extra 13.35 Rs, PER 1 LITRE