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
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
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
