Minimum Alternate Tax

Commerce Ministry to consider 62 SEZ projects for cancellation

Delhi State Industrial & Infrastructure Development Corporation, Lark Projects, Mansarovar Industrial Development Corporation and Diamond IT Infracon have neither applied for LoA nor for notification of SEZ.

Jun 26, 2017, 16:06 PM IST
Double taxation on your overseas income may soon go

Double taxation on your overseas income may soon go

Zee Media Bureau​

Apr 19, 2016, 17:39 PM IST
Double taxation on your overseas income may soon go

Double taxation on your overseas income may soon go

Zee Media Bureau​

Apr 19, 2016, 17:39 PM IST
1% cut in corporate taxes to cost exchequer Rs 15K crore: Adhia

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.

 

Mar 03, 2016, 22:20 PM IST
Budget 2016: Exempt REITs from DDT, stamp duty, says CBRE

Budget 2016: Exempt REITs from DDT, stamp duty, says CBRE

Real Estate Investment Trusts should be exempted from the dividend distribution tax and stamp duties in the upcoming Union Budget so as to make them attractive to domestic and foreign investors, says property consultant CBRE.

Feb 17, 2016, 17:15 PM IST
Commerce Ministry hopes for SEZ tax benefits in Budget 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.

 

Feb 10, 2016, 15:59 PM IST

Withdrawal of SEZ tax sops to hit exports, jobs: Trade body

The government should not withdraw any tax incentives from special economic zones as it might adversely impact exports and job creation, EPCES, a trade promotion body, Tuesday said.

Dec 08, 2015, 20:03 PM IST

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.

 

Sep 30, 2015, 19:36 PM IST

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.

Sep 24, 2015, 23:22 PM IST
Govt to amend I-T Act to exempt foreign firms without PE from MAT

Govt to amend I-T Act to exempt foreign firms without PE from MAT

In a big relief to foreign firms, government on Thursday said the I-T Act will be amended with retrospective effect to exempt overseas companies which do not have a permanent establishment in India from paying MAT.

 

Sep 24, 2015, 16:52 PM IST
Jaitley seeks foreign investments for infra, other sectors

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.

Sep 20, 2015, 12:57 PM IST

'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.

Sep 02, 2015, 20:09 PM IST
Govt accepts Shah panel report, says no retrospective tax on FIIs

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.

Sep 01, 2015, 22:56 PM IST

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.

Sep 01, 2015, 19:25 PM IST

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.

Aug 24, 2015, 22:25 PM IST
CBDT to expeditiously process MAT exemption claims of FIIs

CBDT to expeditiously process MAT exemption claims of FIIs

Government on Friday said the tax department will expeditiously process the cases where FIIs have claimed exemption from minimum alternate tax (MAT) as a benefit under the bilateral tax treaties.

Jul 31, 2015, 18:27 PM IST

Govt to take action on Shah panel report on MAT soon: FinMin

The government Friday said it will soon take a decision on the Justice A P Shah Committee report on applicability of minimum alternate tax (MAT) on foreign investors, an issue which had riled FIIs.

Jul 24, 2015, 23:03 PM IST

MAT stand-off: Shah panel submits report to FM

The high-level Justice A P Shah Committee Friday submitted a 66-page report to the government on applicability of minimum alternate tax (MAT) on FIIs, an issue which had riled foreign investors.

Jul 24, 2015, 22:18 PM IST

Govt cancels 22 SEZs, gives more time to 27 to execute projects

The government has cancelled approvals of 22 special economic zones, including that of Tamilnadu Industrial Development Corporation and True Developers, as no "satisfactory" progress was made to execute the projects.

Jun 17, 2015, 15:45 PM IST
No coercion by taxmen to recover MAT dues, says CBDT

No coercion by taxmen to recover MAT dues, says CBDT

In a breather for investors, CBDT on Tuesday said taxmen won't resort to coercive methods to recover dues towards Minimum Alternate Tax (MAT) on capital gains made by FIIs and will wait for the Supreme Court order on the issue.

Jun 16, 2015, 17:58 PM IST