WINDFALL PROFIT TAX (WPT)
This query is : Resolved
17 July 2008
WHAT DOES WINDFALL PROFIT TAX ACTUALY MEAN??????
HAS IT BEEN IMPOSED ON ANY CO/SECTOR IN INDIA????
HAS IT BEEN IMPOSED ON ANY CO/SECTOR IN INDIA????
17 July 2008
Private upstream oil producing companies and private standalone refineries are making windfall profits in production and refining business as they are charging international prices without any linkage with actual production and refining cost. The refiners are also getting import duty and sales tax exemptions from the Centre.
Some economists call for setting up a high level expert committee to examine why not propose a 20% oil windfall profit tax.
Some economists call for setting up a high level expert committee to examine why not propose a 20% oil windfall profit tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- Free lancer income
- What is provisional receipt number for generation of form 16A
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
