Windfall Tax Revises: Center revised windfall tax for the third time, reduced tax on domestic crude oil

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Windfall tax is a one-off tax levied by the federal government on an organization. When an organization advantages from one thing for which they aren’t accountable, then the monetary revenue that happens is known as windfall earnings. Governments, usually, levy a one-time tax on such earnings over and above the traditional charges of tax, and that is known as windfall tax.

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