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
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 .
Jul 16, 2015, 13:56 PM IST
Shah panel holds meeting with Tax Dept
The high-level Justice A P Shah panel, set up to look into the levy of MAT on FIIs today held consultations with officials of the tax department.
Jul 07, 2015, 17:54 PM IST
Shah panel begins stakeholder deliberation on FII MAT issue
The high-level Justice A P Shah panel, set up to look into levy of MAT on FIIs, has begun consultations with stakeholders including an industry body which said it should not apply on such investors.
Jun 30, 2015, 18:14 PM IST
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
Chidambaram blames Modi govt for not scrapping retro tax
Dismissing the charge of obstructionism in Parliament against Congress, former Finance Minister P Chidambaram on Thursday blamed the government for not scrapping retrospective tax and MAT on FIIs despite its commanding strength in the Lok Sabha.
May 28, 2015, 13:31 PM IST
Shah Committee on MAT invites suggestions from stakeholders
The high-level Justice A P Shah committee on levy of MAT on foreign investors has invited suggestions and representations from all stakeholders, including industry associations.
May 26, 2015, 20:42 PM IST
Retrospective tax issue needs quick-fix: Naina Lal Kidwai
Seasoned banker Naina Lal Kidwai says the issue of minimum alternate tax needs to be tackled amicably and fast, even as she sees full convertibility of the rupee as a 10-year programme.
May 26, 2015, 17:18 PM IST
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
FPIs dump equities, debt of more than Rs 14,000 cr in May
During January to April, investment by foreign portfolio investors (FPIs) totalled Rs 94,241 crore, but month-on-month analysis showed the fund flows are on a decline.
May 24, 2015, 11:43 AM IST
Jaitley promises better tax regime for companies
"We must ... remove discretion, phase out exemptions and bring the effective rate down to global levels," Jaitley said.
May 22, 2015, 14:10 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
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
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
On MAT, FPIs cut India play, take out Rs 12k cr in May
Things got worse in May as FPIs have withdrawn an estimated Rs 12,256.21 crore so far.
May 10, 2015, 11:04 AM IST
Fitch warns of foreign funds exodus over retro tax
The data furnished by the National Securities Depository Limited (NSDL) showed that FPIs pumped-in only Rs 18.77 crore or USD 3.01 million into primary and other markets for the week under review.
May 09, 2015, 13:47 PM IST
