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Tuesday, March 5, 2013

Tax Structure In India

value STRUCTURE IN INDIA

forefront : What are you doing in Business
rejoinder: Selling the Goods.
valuate: founder SALES TAX/VAT

misgiving: From where are you getting Goods?
settlement: From other estate/Abroad
tax: hand fundamental SALES TAX, CUSTOM transaction & OCTROI

Question: What are you getting in Selling Goods?
Answer: Profit.
taxation: ante up INCOME TAX

Question: Where you Manufacturing the Goods?
Answer: Factory.
valuate: PAY EXCISE DUTY

Question: Do you have Office / store/ Factory?
Answer: Yes
Tax: PAY MUNICIPAL & notify TAX

Question: Do you have Staff?
Answer: Yes
Tax: PAY STAFF PROFESSIONAL TAX

Question: Doing business in Millions?
Answer: Yes
Tax: PAY TURNOVER TAX

Question: be you taking out over 25,000 Cash from Bank?
Answer: Yes, for Salary.
Tax: PAY CASH HANDLING TAX

Question: Where are you taking your client for Lunch & Dinner?
Answer: Hotel
Tax: PAY FOOD & ENTERTAINMENT TAX

Question: Are you firing Out of Station for Business/having employees?
Answer: Yes
Tax: PAY FRINGE BENEFIT TAX

Question: Have you taken or given any(prenominal) Service/s?
Answer: Yes
Tax : PAY SERVICE TAX

Question: How come you got such a Big Amount?
Answer: Gift on birthday.

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Tax: PAY GIFT TAX

Question: Do you have any Wealth?
Answer: Yes
Tax: PAY WEALTH TAX

Question: To reduce Tension, for entertainment, where are you going?
Answer: Cinema or Resort.
Tax: PAY ENTERTAINMENT TAX

Question: Have you purchased set up?
Answer: Yes
Tax : PAY STAMP DUTY & accommodation FEE

Question: How you Travel?
Answer: Bus
Tax: PAY SURCHARGE

Question: both Additional Tax?
Answer: Yes
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.s TAX

Question: Delayed any time paying Any Tax?
Answer: Yes
Tax: PAY INTEREST & PENALTYIf you pauperism to get a full essay, order it on our website: Ordercustompaper.com



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