Centre slashes Windfall gains tax on domestic crude oil production to Rs 3,500 per tonne

Government officials have indicated that the windfall tax would be removed once oil prices fall by $40 per barrel from what it was in July 2022 at the time it was introduced. India first imposed windfall profit taxes on July 1 last year.

Updated on: March 22, 2023, 10.21 AM IST
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