Are oil companies making profits
by muhammed hussain on Jul 03, 2008 10:14 AM

Am not sure if a comapny under loss has to pay tax?
Everytime we hear that ONGC, BP, IOC, HP, all are under loss... how can ONGC and IOC be the highest tax payers? Can some body tell me if a Govt company under loss has to pay taxes?

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