Sensex rallies to 27K-mark; rupee rebounds from 20-months low
Market sentiments got a boost after Finance Minister Arun Jaitley announced that a high-level committee will look into the controversial issue of MAT.
May 08, 2015, 21:21 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
Revenue Secretary meets Shah; tax experts to be part of panel on MAT
Revenue Secretary Shaktikanta Das met Law Commission Chairman Justice Shah on Friday in this regard, sources said.
May 08, 2015, 18:02 PM IST
Sensex zooms over 500 points, reclaims 27K-mark
The benchmark BSE Sensex reclaimed 27K-level in mid-session trade Friday by climbing over 500 points on government's decision to refer MAT issue to a high-level committee.
May 08, 2015, 13:13 PM IST
Sensex jumps 374 points to rebound from 6-1/2 months low
The 50-share NSE Nifty regained the 8,100-mark by rising 111.55 points or 1.38 percent to 8,168.85.
May 08, 2015, 10:05 AM 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
Bloodbath on Dalal Street: Sensex tanks 723 points; Nifty closes below 8,100-mark
The 50-share NSE Nifty crashed by 227.80 points or 2.74 percent to close below 8,100-mark at 8,097.
May 06, 2015, 17:08 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
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
Nifty jumps 150 points on buying buoyancy, revisits 8,300-mark
Soothing comments from Finance Minister Arun Jaitley on the Minimum Alternate Tax (MAT) levied to FIIs also adequately supported the pullback rally.
May 04, 2015, 20:17 PM IST
FPI inflows hit 4-month low of Rs 15K-cr in April on MAT concerns
Investments by Foreign Portfolio Investors (FPIs) in the country's capital markets hit a four-month low of just over Rs 15,000 crore in April amid taxation related concerns.
May 03, 2015, 11:36 AM IST
'Govt amending law to provide compensation to duped investors'
Thousands of crores of rupees are stuck in these schemes as CBI Director Anil Sinha had recently said that Rs 80,000 crore of 6 crore investors stands locked in such scams probed by the agency.
May 01, 2015, 17:49 PM IST
Govt gives relief for REITs, InVITs on Minimum Alternate Tax
The government Thursday said minimum alternate tax would be applicable on the real estate and infrastructure investment trusts only when there is actual transfer of their units.
Apr 30, 2015, 23:30 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
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
Govt mulling high level panel on tax issues: Arun Jaitley
Seeking to contain the adverse fall out of MAT levy on foreign investors, Finance Minister Arun Jaitley today said the Indian government will set up a high- level committee to sort out the taxations issues of the past and make the system predictable.
Apr 26, 2015, 23:30 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
