Gas Investing News » Natural Gas may get 7 year tax-break

Natural Gas may get 7 year tax-break

June 9, 2009 @ 6:43 am In Gas Market News

The forthcoming Budget may classify mineral oil as hydrocarbons, thus extending a seven-year tax holiday given to crude oil explorers to producers of natural gas, including ONGC and Reliance Industries.

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[1] here: http://economictimes.indiatimes.com/Economy/Natural-gas-may-get-7-year-tax-break/articleshow/4633251.cms