April 21, 2026
Submitted By: Shristi Rajput
Circular No 20/2019 Clarification regarding treatment of farm in expenditure incurred oil exploration and production companies
This circular clarifies that farm-in expenditure incurred by oil exploration and production companies should be treated as capital or revenue expenditure based on the Production Sharing Contract (PSC) terms, and provides guidance on its allowability and tax treatment under the Income-tax Act.
Download Downloaded : 0 times- Insolvency professional to use Registration Number and Registered Address in all his communications.
- Blue Coast Hotels Limited Adjudication
- Fees payable to an insolvency professional and to other professionals appointed by an insolvency professional
- Master Circular for Research Analysts
- Disclosures by Insolvency Professionals and other Professionals appointed by Insolvency Professionals conducting Resolution Processes
- Designated website for publishing Forms under the Regulations
- Adjudication Order: Technical Glitches and Cybersecurity Lapses at Anand Rathi Shares and Stock Brokers Limited
- Adjudication Order in respect of Shanti Bhutra in the matter of dealings in Illiquid Stock Options on BSE
- MSME SFURTI SCHEME
- Initiatives to Support MSMEs
- Significant growth in credit disbursement to MSME sector .
- FAQs on FSSAI_Display of Information
- Frequently asked questions (faqs) on Rice Fortification_FSSAI
- Frequently Asked Questions (FAQs) on Food Import
- Frequently Asked Questions (FAQs) on FSS (Labelling & Display) Regulations, 2020
- Frequently Asked Questions (FAQs) on application for Vegan logo endorsement
- Multiple Initiatives to Strengthen Rural and Semi-Urban MSMEs
- Frequently Asked Questions (FAQs) – EPF members
- Press-Release-ITD-on-Restaurants-suppressing-turnover-dated-09-03-2026
- Board Resolution for Calling of Extra-Ordinary General Meeting at Shorter Notice
Be the first to leave a comment for this Article