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kulman
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Quote kulman Replybullet Posted: 08/Oct/2007 at 2:00pm

TAX STRUCTURE IN INDIA


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. : Where you Manufacturing the Goods?
Ans.: Factory.
Tax: PAY EXCISE DUTY!

6) Qus. : Do you have Office / Warehouse/ Factory?
Ans.: Yes
Tax: PAY MUNICIPAL & FIRE TAX!

7) Qus. : Do you have Staff?
Ans.: Yes
Tax: PAY STAFF PROFESSIONAL TAX!

8) Qus. : Doing business in Millions?
Ans.: Yes
Tax: PAY TURNOVER TAX!

9) Qus. : Are you taking out over 25,000 Cash from Bank?
Ans.: Yes, for Salary.
Tax: PAY CASH HANDLING TAX!

10) Qus. : Where are you taking your client for Lunch & Dinner?
Ans.: Hotel
Tax: PAY FOOD & ENTERTAINMENT TAX!

11) Qus. : Are you going Out of Station for Business?
Ans.: Yes
Tax: PAY FRINGE BENEFIT TAX!

12) Qus. : Have you taken or given any Service/s?
Ans.: Yes
Tax : PAY SERVICE TAX!

13) Qus. : How come you got such a Big Amount?
Ans.: Gift on birthday.
Tax: PAY GIFT TAX!

14) Qus. : Do you have any Wealth?
Ans.: Yes
Tax: PAY WEALTH TAX!

15) Qus. : To reduce Tension, for entertainment, where are you going?
Ans.: Cinema or Resort.
Tax: PAY ENTERTAINMENT TAX!

16) Qus. : Have you purchased House?
Ans.: Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE !

17) Qus. : How you Travel?
Ans.: Bus
Tax: PAY SURCHARGE!

18) Qus. : Any Additional Tax?
Ans.: Yes
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!

19) Qus. : Delayed any time Paying Any Tax?
Ans.: Yes
Tax: PAY INTEREST & PENALTY!
 

 
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smartcat
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Quote smartcat Replybullet Posted: 08/Oct/2007 at 3:37pm

Sir Ji, Do you have to deal with customs/sales tax department? My CA tells me they are the most courteous and honest of the lot LOL

 
 
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tyler_durden
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Quote tyler_durden Replybullet Posted: 08/Oct/2007 at 5:19pm
" love making is taxing but thankfully it is not taxed" Wink
If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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smartcat
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Quote smartcat Replybullet Posted: 08/Oct/2007 at 5:35pm

But you pay a penalty! (Children)

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leo2007
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Quote leo2007 Replybullet Posted: 08/Oct/2007 at 6:03pm
Yes. But no Excise Duty !
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kulman
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Quote kulman Replybullet Posted: 08/Oct/2007 at 7:02pm
 love making is taxing but thankfully it is not taxed"
 
-----------------------------------------
 
Tyler babu......ha ha ha LOL
 
Wait for change of government.....the gravevine has it that IT rules would be amended to include it under FBT and/or Service Tax depending on the place/location of the act itself!
 
 
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catcall
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Quote catcall Replybullet Posted: 17/Oct/2007 at 8:53pm

Your world is in your brain

 

It Creates The Mental State In Which Each Of Us Exists: UK Researcher

 


   We all live in the world of our own, and now even scientists say so. Researchers from UK have summed up in their latest study that the brain does not pass on all the information that it soaks up from the surroundings and instead uses this raw data to create a mental world in which each of us exists.
   Professor Chris Frith, a neuro-psychologist from University College London, says that our brain can work without our interference is an evolutionary hangover that has helped humans survive.
   Frith puts forward a mind-boggling prospect: the majority of the work that your brain does goes on unconsciously. In fact, your whole world, your consciousness, your reality, is an illusion, created by our brains, every one of which constructs them slightly differently, says UK's Sunday Times.
   Our brains are constantly soaking up and processing information from the world around us, monitoring, checking and assessing. But most of the information from our 100 trillion or so brain cells never reaches us. Instead the brain takes this raw data to create a model of the world and this is the mental world in which each of us lives, say Frith and other leading brain experts, while examining the topic of consciousness and the mental world in which we live, at this year's British Association for the Advancement of Science Festival in York.
   Using noninvasive brain-scanning equipment that provides a window on the brain, clearly showing which brain areas are being used, scientists are gleaning insights into the parts of our brains that produce our conscious selves. The researchers are using this knowledge to gain insights into what happens when we lose consciousness — if we're in a coma, for instance, or under anaesthetic — and to help people with mental disorders and distor tions of consciousness, such as schizophrenics.
   So, if only a small amount of our brain activity is used to generate our personality, and our worlds, what is the rest doing, and why don't we use it? The answer, according to Frith, is that if we did use all this information, it would simply put our consciousness into meltdown; we wouldn't be able to handle it.
   "We can unconsciously bring together information from many different sources, without thinking about it at all," Frith was quoted as saying.
   Frith says that if we start to think about how we do things — for example if you start thinking about how you physically move your limbs, or how you actually understand the meaning of these letters on the page — you start to get a bit confused and your brain doesn't work as well.
   The brain's ability to act on its own, without any conscious interference by you, may be an evolutionary hangover that helped us to survive, says Frith. For example, if you see a snake in your path you immediately jump out of the way before you've had time to consciously think to yourself, "Eek! Snake in my path".
   If you did think about it, in the time spent assessing your actions, you probably would have been bitten. So how have scientists worked out that most of our brain activity is unconscious, and what is actually going on inside our heads?
   To answer the first question, Frith says the fact that we can do many skills at once — for example, driving a car, while thinking about something completely different, such as what to buy for dinner — has suggested that there are many conscious levels in our brain. And recent experiments using the brain-scanning technique fMRI, which pinpoints active brain areas, has confirmed this.

There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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omshivaya
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Quote omshivaya Replybullet Posted: 17/Oct/2007 at 9:43pm
Keep researching the rest of the world, while Indian vedas have long-since done it all. The circle will come round back into the Vedas, no matter where you start or what you do in this wild, wild world.
The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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