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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.

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

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.

India may waive retrospective MAT tax on foreign investors

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).

Shah panel on MAT may submit report next week: Jaitley

Shah panel on MAT may submit report next week: Jaitley

The high-level Justice A P Shah panel, set up to look into the levy of MAT on FIIs, is likely to submit its report to the Government next week, Finance Minister Arun Jaitley said on Thursday .

MAT on FIIs: Govt constitutes Shah panel, Ashok Lahiri named member

The Finance Ministry also said other tax issues would be also referred to the three-member committee in due course. Renowned chartered accountant Girish Ahuja is the third member of the panel, whose term is one year.

MAT row may lead FPIs to think twice before investing: Fitch

Expressing concerns over Foreign Portfolio Investors facing MAT demand, global rating agency Fitch on Friday said the controversy may prompt FPIs to think twice before investing in India.

High level panel to look into MAT on FIIs

The high level committee, announced by Finance Minister Arun Jaitley on Thursday, would give its first recommendations on the issue of imposition of MAT on foreign investors, Finance Ministry said today.

High level committee to look into MAT issue: Jaitley

Arun Jaitley announced that a high-level committee will look into the controversial issue of payment of Minimum Alternate Tax (MAT) by FIIs.

Govt to study HC stay order on MAT levy on FIIs

With a foreign fund house getting a court stay on the controversial MAT levy, the tax department Tuesday said it will study the Bombay High Court order before taking a view on the matter.

MAT case: Bombay High Court stays tax claim against Aberdeen Asset

Uncertainty around MAT has built in recent weeks and unsettled foreign investors, sending India`s stock market lower.

India to rule on MAT claims for tax treaty investors within a month

The tax department will rule within a month on whether to uphold outstanding claims for Minimum Alternative Tax (MAT) made against foreign investors who qualify for tax treaty benefits, the finance ministry said in a circular on Tuesday.

Govt won't yield to foreign investors' demand for tax waiver

The government will not yield to the demand of foreign portfolio investors for a tax waiver on capital gains of previous years, a top finance ministry official told reporters on Tuesday.

MAT to become irrelevant after corporate tax comes down to 25%

The Minimum Alternative Tax (MAT) will become irrelevant with removal of tax incentives and reduction in corporate tax rate to 25 percent over next four years, Revenue Secretary Shaktikanta Das said.

Withdraw MAT on SEZs: Assocham

The government should consider withdrawal of Minimum Alternative Tax (MAT) on the tax free zones to give a boost to the sector and exports, Industry body Assocham said on Friday.

Govt to soon announce new guidelines to revive SEZs

The government will soon come out with new norms to revive Special Economic Zones (SEZs), which have lost sheen after the imposition of certain levies and the proposal to take away tax incentives.

Govt to announce new guidelines to revive SEZs

The government will come out with new guidelines to revive export hubs, special economic zones (SEZs), which have lost sheen after imposition of certain levies and proposal to take away tax incentives.