The Indian government has cut the windfall tax on petroleum crude to zero from 1,850 rupees per metric ton, effective from ...

For upstream oil PSUs, in the current windfall regime, realisations are not impacted until the price of $75 a barrel. However ...

Global benchmark Brent crude prices have fallen from over $92 per barrel in April to below $75 a barrel from over. On August ...

The tax rates are reviewed every fortnight based on recent oil price trends. India first imposed windfall profit taxes on July 1, 2022, joining a host of nations that tax supernormal profits of ...

Petroleum Secretary Pankaj Jain has said on September 12 that India's oil marketing companies ... with the Finance Ministry regarding the windfall tax, and the Department of Revenue will take ...

In the last fortnightly review on September 15, windfall tax on domestically produced crude ... The SAED on petrol will continue at nil. India first imposed windfall profit taxes on July 1 ...

The tailwinds for the business are possibly coming from the increased impetus on renewable energy in India over the last few years. In November 2021, Prime Minister Narendra Modi announced at the ...

Taking to Instagram, Pietersen shared a picture of him playing in the whites for England A. “India 2004! Playing in the Duleep Trophy. This is when I first fell in love with India or should I ...

From the Aam Admi Party naming its candidates for the Haryana Legislative Assembly elections to the Union government slashing a windfall tax on domestic ... "The All India President of BJP has ...

By definition, a windfall tax is a special tax that governments impose on companies that have made unexpectedly large profits, usually due to favourable economic conditions or unforeseen events.

For example, in 2022, the United Kingdom introduced a windfall tax on the profit of energy companies due to soaring energy prices exacerbated by geopolitical events, including the war in Ukraine.

ITR concludes its World Tax rankings analyses with APAC, where India’s dynamism stood out in an otherwise stable region ...