The government has cut windfall tax on locally produced crude oil and exports of aviation turbine fuel (ATF) and diesel.The windfall tax on crude has been reduced to Rs 1,900 per tonne from Rs 2,100 per tonne earlier. The government also cut export tax on ATF to Rs 3.5 per litre from Rs 4.5 per liter. The export tax on diesel has been reduced to Rs 5 per litre from Rs 6.5 per litre earlier. The special additional excise duty on petrol continues to remain unchanged at ‘nil’. Learn Along: A windfall tax is a higher tax rate on profits that result from a sudden windfall gain to a particular company or industry, often as the result of a geo-political disturbance, war or natural disaster that creates unusual spikes in demand and/or interruptions to supply.
Activity Ratios are meant to indicate:
Which of the following Provident Fund is exempt up to 12% of employee's salary, from employer's contribution?
What is the full form of ISDN:
What does section 6 of the Income Tax Act deal about?
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, calculate PV ratio?
If an accounting information is free from errors, then which qualitative characteristic is reflected?
Read the following information to answer the below questions:
____________ = (sales value – variable cost)/ Sales value
In context of Goods and Service Tax, what does CTP represent?
What is the standard TDS rate applicable to interest on securities as per Section 193 of the Income Tax Act, 1961?
