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
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
Govt cancels 22 SEZs, gives more time to 27 to execute projects
The government has cancelled approvals of 22 special economic zones, including that of Tamilnadu Industrial Development Corporation and True Developers, as no "satisfactory" progress was made to execute the projects.
Jun 17, 2015, 15:45 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
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
Most FIIs still overweight on Dalal Street, says UBS
Most foreign investors are still overweight on domestic market despite the minimum alternate tax (MAT) issue and muted earnings growth, according to Swiss brokerage UBS.
May 20, 2015, 21:12 PM IST
India ignored warnings on foreign investor tax row: Sources
The Finance Ministry could have sidestepped a damaging multibillion-dollar tax row with foreign investors if it had acted on regular warning letters that officials had been sending since as long ago as September.
May 19, 2015, 12:05 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
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
Foreign funds dumped stocks, bond worth $630 million on Wednesday
Foreign investors sold around USD 630 million in Indian shares and bonds on Wednesday, marking the biggest single-day sales since January 2014.
May 07, 2015, 16:19 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 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
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
