https://www.taxtmi.com/notifications?id=9817 Special reduced income tax applies to a foreign company or specified non resident participating in prospecting, extraction or production of mineral oils: if total income consists only of such profits, tax is computed by applying a reduced rate to that income plus a surcharge on the income tax; if total income includes such profits and other income, tax equals the tax and surcharge on the mineral oil profits under the reduced rate plus income tax on the remaining income at the average rate that would have applied absent the reduced rate provision. en-us Thu, 31 Mar 1983 00:00:00 +0530 Sat, 13 Sep 2008 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=9817 Special reduced income tax applies to a foreign company or specified non resident participating in prospecting, extraction or production of mineral oils: if total income consists only of such profits, tax is computed by applying a reduced rate to that income plus a surcharge on the income tax; if total income includes such profits and other income, tax equals the tax and surcharge on the mineral oil profits under the reduced rate plus income tax on the remaining income at the average rate that would have applied absent the reduced rate provision. Notifications Income Tax Thu, 31 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/notifications?id=9817