The Corporate Income Tax rates in India are very high compared to the other major mining countries. The effective tax rate is around 34.61% for income exceeding Rs. 100 million for the domestic company and for the foreign company the rate is 43.26% (KPMG, 2015). A minimum alternative tax (MAT) is levied at 18.5% of […]

The Risk involved in Mining has shifted towards Mining Business and Return towards Government. The case was other way around few years back as shown in the figure below: From the above mentioned, facts it is very clear that the margin for doing Business in Mining has been substantially reduced. It would be an impetus […]

After amendment of new mining law,  the overall tax rate is increased.  Graph showing increase in overall Taxation after enactment of MMDR Amendment Act, 2015

Table Showing Direct and Indirect Taxes paid by Mine owners -Effective Tax Rate (ETR): All over the world, in India alone approximately 59.8% of total revenue has to be paid to Govt., by way of various tax by the existing mine owners and 64% by the new mine owners. The comparison chart is given below. […]

In the world Except water, food, and timber all products are from minerals. Unless, the mining operation is not going there is no development for human being.  For the reasons best known to them, some people protest the mining activity. On going through the draft mining report prepared by FICCI the following facts are came […]

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