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
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 meets FIIs on tax issues, offers DTAA relief to MAT-hit investors
In a relief to foreign investors slapped with Rs 40,000 crore tax demands, the government Wednesday said such levies would not be applicable to the entities based in countries having double taxation avoidance pacts with India, while others can approach the courts for reprieve.
Apr 22, 2015, 17:42 PM IST
Govt to press ahead with Rs 40,000 cr tax demand on FIIs: FM
FM said that the demands pertain to tax related to earlier period and they wanted it to be waived.
Apr 14, 2015, 22:10 PM IST
Demand notices on FIIS not retrospective
Government Tuesday rejected suggestions that tax notices to Foreign Institutional Investors (FIIs), which have created a controversy, amounted to retrospective taxation.
Apr 07, 2015, 17:16 PM IST
100 foreign funds get tax demands; total bill may hit $10 bn
Till March 31, close to 100 FIIs got notices from the Tax Department for a controversial Minimum Alternate Tax (MAT) of 20 per cent, while they are now being followed up with Assessment Orders.
Apr 05, 2015, 16:25 PM IST
MAT to become irrelevant after corporate tax comes down to 25%
The Minimum Alternative Tax (MAT) will become irrelevant with removal of tax incentives and reduction in corporate tax rate to 25 percent over next four years, Revenue Secretary Shaktikanta Das said.
Apr 01, 2015, 21:12 PM IST
Commerce Ministry to take steps to improve ease of doing biz for SEZs
As the removal of MAT and DDT is unlikely, the Commerce Ministry has initiated the exercise to facilitate ease of doing business for special economic zones (SEZs) to revive the interest of investors.
Mar 31, 2015, 14:29 PM IST
Commerce Ministry seeks withdrawal of MAT, DDT on SEZ in Budget
The Commerce Ministry has sought a re-look at the taxation regime for the special economic zones (SEZs) in the forthcoming Budget to boost exports and investments.
Feb 13, 2015, 15:24 PM IST
CII seeks cut in Minimum Alternate Tax to 10% in Budget
In its Pre-Budget memorandum for 2015-16 submitted to the Finance Ministry, it has "strongly recommended that MAT should be reduced to 10 percent...The entire provision of MAT needs to be re-examined to incentivize investments".
Feb 05, 2015, 19:32 PM IST
Manufacturing units in SEZs may get tax sops
Export promotion body for special economic zones has asked the Finance Ministry to roll back or reduce the minimum alternate tax (MAT) and dividend distribution tax (DDT) on SEZs.
Sep 07, 2014, 15:33 PM IST
Assocham seeks tax incentives, infra status for ports in Budget
Industry body Assocham has sought tax incentives, market-linked tariff rates and grant of infrastructure status to the port industry in the upcoming budget for turning India's coastline into a growth catalyst.
Jul 05, 2014, 12:31 PM IST
IT, ITeS sectors expect tax relief in Budget
The IT and ITeS sectors expect a reduction in minimum alternate tax (MAT) and dividend distribution tax in the next month's Union Budget, a senior economist said Monday.
Jun 23, 2014, 21:38 PM IST
