https://www.taxtmi.com/notifications?id=11111 Notification grants income-tax relief to foreign companies and non-resident persons engaged in mineral-oil prospecting or production: if total income consists only of such profits, tax is fifty per cent of that income; if total income is mixed, tax equals fifty per cent on mineral-oil profits plus tax on the remaining income at the average rate that would have applied to total income absent the concession; "average rate of income-tax," "foreign company," and "mineral oil" are defined for these purposes. en-us Mon, 06 Jul 1987 00:00:00 +0530 Sat, 07 Dec 2024 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=11111 Notification grants income-tax relief to foreign companies and non-resident persons engaged in mineral-oil prospecting or production: if total income consists only of such profits, tax is fifty per cent of that income; if total income is mixed, tax equals fifty per cent on mineral-oil profits plus tax on the remaining income at the average rate that would have applied to total income absent the concession; "average rate of income-tax," "foreign company," and "mineral oil" are defined for these purposes. Notifications Income Tax Mon, 06 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/notifications?id=11111