Union Budget 2015-16 Predictions : MAT removal, infra status to boost oil, gas sector

Oil exploration and refining companies are hoping that that the government will extend tax holiday benefit to 10 years from the current 7 years. The tax holiday is available only to blocks assigned in Nelp-VIII and coal bed methane round (CBM IV).

The industry is hoping that exploration and refining would get infrastructure status. The industry is also hoping for exemption from the 18.5 percent Minimum Alternate Tax.

Share this Story

About epicresearch

© 2008-17. All Rights Reserved. Epic Research Pvt. Ltd.