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.
May 05, 2015, 20:01 PM IST
FII stake value in NSE cos hits 6-year high at Rs 19.32 lakh cr
Valuation of foreign institutional investors' holdings in NSE-listed companies hit a six-year high at Rs 19.32 lakh crore in the January-March quarter, as per data collected by Prime Database.
May 05, 2015, 16:41 PM IST
Saudi sets ownership caps as $575 billion bourse opens to foreigners
Foreign investors can own no more than 10 percent of Saudi Arabia`s stock market by value, the regulator said on Monday as it announced rules opening the $575 billion bourse to direct foreign investment next month.
May 04, 2015, 23:40 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
RBI allows foreign investors to buy shares in Tata Chemicals
The Reserve Bank on Thursday said it has lifted the restrictions placed on foreign investors to buy further shares in Tata Chemicals as the prescribed limit has gone below the threshold.
Apr 30, 2015, 20:40 PM IST
Five FPIs challenge MAT before Bombay HC; hearing on May 6
Five foreign portfolio investors (FPIs) from the US and the UK today moved the Bombay High Court challenging the Income Tax department's demand for Minimum Alternate Tax (MAT) on the profit earned from trading in stocks and bonds.
Apr 30, 2015, 19:37 PM IST
FM exempts foreign investors from MAT; simple ITR on way
Finance Bill was passed by voice vote, bringing to close the three-stage budget process in the House.
Apr 30, 2015, 19:14 PM IST
FM provides some relief to foreign investors from MAT
In a minor relief to foreign investors, Finance Minister Arun Jaitley on Thursday said capital gains made by them will be exempt from Minimum Alternate Tax (MAT), but did not provide relief for past liabilities.
Apr 30, 2015, 18:56 PM IST
FIIs to be exempt from MAT but no retrospective relief: Arun Jaitley
Seeking to contain the adverse fall out of minimum alternate tax (MAT) levy on foreign investors, Finance Minister Arun Jaitley on Thursday said that foreign institutional investors (FIIs) will be exempt from it however there will be no retrospective relief.
Apr 30, 2015, 18:05 PM IST
FIIs' books for past 6 years can be scrutinized by I-T Dept
The Income Tax Department can reopen books of past six years of foreign investors who are liable to pay Minimum Alternate Tax, sources said.
Apr 29, 2015, 18:56 PM IST
Govt mulling high-level panel on tax issues: FM Jaitley
India plans to set up a high-level committee to sort out taxation issues of the past and make the system predictable, Finance Minister Arun Jaitley has said.
Apr 27, 2015, 14:37 PM IST
'FII tax liability to be much lower post DTAA benefits'
"The number of FIIs and the amount involved would come down substantially as many of them would be eligible for treaty benefits," a Finance Ministry source told PTI.
Apr 26, 2015, 14:06 PM IST
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.
Apr 24, 2015, 15:52 PM IST
'Foreign investors against arbitrary change in tax policy'
Colin Dyer, the President and CEO of property consultancy firm Jones Lang LaSalle, said foreign investors were against any arbitrary change of policies and taxes with change of government in India.
Apr 23, 2015, 19:30 PM IST
Sensex slips 155 points as MAT continue to bug FIIs
Sensex surrendered its early gains to settle lower by 155 points at 27,735.02 as blue-chips took a beating on persisting concerns of foreign investors on tax claims despite government's clarification.
Apr 23, 2015, 16:59 PM IST
Govt considering clarificatory amendments to MAT rules: Sinha
The government is considering clarificatory amendments to the rules relating to Minimum Alternate Tax (MAT) for the benefit of foreign investors who have been battling tax demands worth Rs 40,000 crore.
Apr 23, 2015, 13:46 PM IST
Indian Railways first in line to raise rupee bonds offshore
Indian Railways Finance Corp, the finance arm of Asia`s largest rail network, plans to raise up to USD 1 billion through offshore rupee bonds, making it the first domestic issuer to eye so-called "masala" debt to diversify its source of funds.
Apr 22, 2015, 16:31 PM IST
CII backs govt's Rs 40k-cr tax demand from FIIs
Finance Minister Arun Jaitley, too, had previously stated that India was not a tax haven and legitimate dues from foreign investors will be pursued.
Apr 19, 2015, 15:04 PM IST
Difficult for Govt to intervene in FIIs' MAT issue: Jaitley
As foreign investors lobby hard against Rs 40,000 crore tax demand slapped on them, Finance Minister Arun Jaitley said it is difficult for the government to intervene as they have lost the case before the Appellate.
Apr 17, 2015, 21:30 PM IST
FM Jaitley pitches for low taxes, taxpayers as 'partners not hostages'
Jaitley said he is "acutely aware" that there are concerns about retrospective taxation, tax harassment and arbitrariness in tax administration, especially those relating to cases of transfer pricing.
Apr 17, 2015, 13:55 PM IST
