SC On Mining Tax: How Much Tax Will Metal Companies Pay? I Metal Stocks News

The Supreme Court's recent ruling allows states to retrospectively tax mineral rights from 2005 to 2024, causing a negative reaction in mining stocks. Companies are required to pay these taxes over a 12-year period, though no interest or penalties will apply. The main beneficiaries will be mineral-rich states, with significant impacts on firms like Coal India and Hindalco.

#metalstocks #mining #supremecourt

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