Shah Committee on MAT dues on FIIs holds first meeting
The high-level Justice Shah committee on levy of MAT on FIIs today met for the first time as it looked to expeditiously give its recommendations to resolve the contentious issue that has riled investors.
May 25, 2015, 18:34 PM IST
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.
May 20, 2015, 23:34 PM IST
MAT: Former CEA Ashok Lahiri named member of Shah Committee
Former Chief Economic Adviser Ashok Lahiri named as a member of Justice A P Shah Committee that will look into MAT dues on FIIs.
May 20, 2015, 20:55 PM IST
FIIs can now invest up to 49% in Glenmark Pharma
The Reserve Bank Tuesday allowed foreign institutional investors (FIIs) to buy up to 49 percent stake in homegrown drug major Glenmark Pharmaceuticals.
May 19, 2015, 21:26 PM IST
Govt bonds over-subscribed; FIIs put in bids worth Rs 6,657 cr
Signalling robust demand for government bonds, an auction of debt securities worth Rs 2,684 crore attracted bids that were more than twice the amount from overseas investors.
May 18, 2015, 20:26 PM IST
Shah Committee to go into all 'legacy' tax issues: Jaitley
The Justice Shah Committee, constituted to go into levy of MAT on FIIs, will look into all important "legacy" cases, Finance Minister Arun Jaitley said blaming conflicting judicial rulings for the controversy on the issue that has riled foreign investors.
May 18, 2015, 15:35 PM IST
FPIs pull out around Rs 17,000-cr in two weeks on MAT worries
Overseas investors have pulled out nearly Rs 17,000 crore from the Indian capital markets in the first two weeks of the month amid continued taxation worries.
May 17, 2015, 12:03 PM IST
High level panel on tax issues to have independent members: FM
Finance Minister Arun Jaitley Wednesday said the high level panel looking into the issue of MAT demand raised on foreign investors will consist of independent people so as to ensure non-adversarial tax regime.
May 13, 2015, 22:47 PM IST
Natco Pharma mulls hiking FII limit, looks to raise funds
Natco Pharma plans to increase the limit of foreign institutional investors (FIIs) to 49 percent as it looks to raise more funds through issuing shares or convertible securities.
May 12, 2015, 13:48 PM IST
Breather for FIIs: MAT assessments, fresh notices put on hold
To assuage concerns of foreign portfolio investors slapped with MAT demand, the government Monday put on hold issuance of fresh notices and any further assessments on levy of this tax on such entities.
May 11, 2015, 17:09 PM IST
Tax dept not to take coercive action against FIIs on MAT dues
A day after the government announced setting up a high-level panel under Law Commission Chairman A P Shah, the Finance Ministry has decided not to adopt coercive methods for recovery of MAT dues from foreign investors.
May 08, 2015, 19:55 PM IST
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.
May 08, 2015, 18:57 PM IST
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.
May 08, 2015, 00:10 AM IST
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.
May 07, 2015, 21:58 PM IST
Stocks crash, rupee weakens on capital outflows
Reflecting the free-fall in the stocks, the benchmark Sensex crashed below the psychological 27,000-level by tanking 722.77 points to 26,717.37.
May 06, 2015, 19:25 PM IST
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.
May 05, 2015, 22:33 PM IST
Govt should have clarified on past MAT dues on FIIs: Experts
Finance Minister Arun Jaitley's announcement of MAT exemption on certain incomes of foreign firms was a relief but the government should have clarified on the tax treaty benefits for past dues, tax experts said on Friday.
May 01, 2015, 17:28 PM IST
Foreign holding in Kaveri Seed reached trigger limit: RBI
The Reserve Bank Monday said foreign shareholding in Kaveri Seed has reached the trigger limit and further equity buys in the company is allowed only after permission.
Apr 27, 2015, 20:38 PM IST
CBDT to settle foreign funds' claims within a month
The Income Tax department has directed its officers that cases of foreign institutional investors (FIIs) seeking tax exmption under the Double Taxation Avoidance Agreements (DTAAs) with other countries must be decided within a month of claim filing.
Apr 27, 2015, 19:06 PM IST
All MAT tax claims under DTAA to be settled in a month
Central Board of Direct Taxes will settle all minimum alternate tax (MAT) matters of FIIs coming under the ambit of Double Taxation Avoidance Agreements within a month of filing of claims.
Apr 27, 2015, 14:39 PM IST
