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MAT News

Management Aptitude Test

30 Apr 2017

Management Aptitude Test: Last date for online registration is May 01; Check apps.aima.in/Matmay17

MAT is a standardised test to facilitate Business Schools to screen candidates for admission to MBA and allied programmes.

Union Budget 2017

01 Feb 2017

Govt halves revenue estimate from telecom to Rs 44,300 crore

Following muted response to spectrum auction, government has slashed revenue expectation from the telecom sector by 55 per cent to Rs 44,342.2 crore for 2017-18, indicating no sale of airwaves for mobile services next fiscal.

19 Sep 2016

AIMA MAT September 2016 results declared - How to check All India Management Association's Management Aptitude Test result on official website aima.in

The All India Management Association (AIMA) has announced the results of the Management Aptitude Test (MAT) September 2016.

15 Apr 2016

Five developers approach govt with SEZ cancellation plea

Five special economic zone (SEZ) developers including Abex Infocom have approached the government to surrender their IT sector tax-free zones

03 Mar 2016

1% cut in corporate taxes to cost exchequer Rs 15K crore: Adhia

Finance Ministry on Thursday said it refrained from reducing the corporate tax rate by 1 percent in 2016-17 Budget as it would have resulted in revenue sacrifice of Rs 15,000 crore and impacted the fiscal consolidation programme.

10 Feb 2016

Commerce Ministry hopes for SEZ tax benefits in Budget 2016

The Commerce Ministry has suggested the removal of minimum alternate tax (MAT) on these zones in the Budget.

19 Dec 2015

Efforts will be to bring corporate tax below 25%: Finance Ministry

MAT is the minimum tax which the companies are required to pay on book profits.

Minimum Alternate Tax

30 Sep 2015

Govt stands by its MAT circular in Supreme Court

In a relief to foreign investors, Government on Wednesday told the Supreme Court that it stood by its circular exempting them from paying minimum alternate tax (MAT) if they do not have a permanent establishment in India.

24 Sep 2015

MAT exemption to foreign cos will boost investor confidence: FinMin

Finance Ministry Thursday said the decision to exempt foreign companies which do not have a permanent establishment from payment of MAT will boost investor confidence.

Infrastructure investment

21 Sep 2015

Jaitley seeks foreign investments for infra, other sectors

Having put the MAT controversy to rest, Finance Minister Arun Jaitley is now seeking to attract foreign investors, including large asset managers, to the Indian markets.

02 Sep 2015

'Decision to scrap MAT will boost India's investment position'

Industry body CII Wednesday said the government's announcement that minimum alternate tax will not be imposed on overseas portfolio investors retrospectively will boost India's position as a favourable investment destination, help reduce litigation and resolve disputes.

02 Sep 2015

Sensex plunges 243 points to 13-month low as China concerns outweigh MAT relief

The 50-share Nifty after recapturing the 7,800-mark in early trade to touch a high of 7,862.55, succumbed to selling pressure and cracked the 7,700-level to a low of 7,699.25 before settling at 68.85 points or 0.88 per cent lower at 7,717.00.

02 Sep 2015

USIBC applauds ruling on minimum alternative tax

This decision reduces tax uncertainty for FIIs and will result in increased investment into India, the USIBC said in a statement.

02 Sep 2015

Govt accepts Shah panel report, says no retrospective tax on FIIs

The government has decided to amend the Income Tax Act to clarify the issue with regard to levy of MAT on FIIs and in the meantime CBDT field officers will be asked not to pursue cases against FIIs.

Retrospective tax

01 Sep 2015

No retrospective tax on FIIs; govt accepts Shah panel report

In a big relief to FIIs, the government on Tuesday accepted recommendation of a high level panel that minimum alternate tax (MAT) should not be imposed on overseas portfolio investors retrospectively.

Retrospective tax

01 Sep 2015

Govt accepts Shah Panel report, no retrospective tax on FIIs

The government has accepted the Justice A P Shah panel report which recommends non-applicability of Minimum Alternate Tax (MAT) on FIIs, Finance Minister Arun Jaitley said on Tuesday.

01 Sep 2015

CBDT to soon issue instructions on MAT issue

With the Justice A P Shah panel recommending non-applicability of Minimum Alternate Tax (MAT) on FIIs, the revenue department is likely to soon issue instructions to field officer not to pursue pending cases against foreign institutional investors.

24 Aug 2015

Govt may soon come out with circular on relief to FIIs on MAT

The Revenue Department may soon come out with a circular on providing relief to FIIs from the minimum alternate tax (MAT) with retrospective effect.

22 Aug 2015

Shah panel's recommendation on MAT positive for market: Sinha

Union Minister of State for Finance Jayant Sinha on Saturday said the A P Shah Committee's recommendation to grant relief to FIIs on Minimum Alternate Tax (MAT) will be a positive for the market.

22 Aug 2015

India may waive retrospective MAT tax on foreign investors

Although MAT has been applied to domestic companies to ensure a minimum tax payment, it had never been imposed on foreign institutional investors (FIIs).

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