FIIs' books for past 6 years can be scrutinized by I-T Dept
The Income Tax Department can reopen books of past six years of foreign investors who are liable to pay Minimum Alternate Tax, sources said.
Apr 29, 2015, 18:56 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
CBDT to settle FII tax claims under DTAAs in a month
Seeking to quickly resolve the controversial tax issue facing foreign portfolio investors, the CBDT on Friday said all claims coming under the ambit of DTAAs will be settled within a month of being filed.
Apr 24, 2015, 23:08 PM IST
Notices to 68 FIIs to recover Rs 602 cr tax towards MAT: Sinha
The Income Tax department has sent notices in 68 cases to Foreign Institutional Investors (FIIs) for payment of dues totalling Rs 608.83 crore towards Minimum Alternate Tax (MAT), Parliament was informed on Friday.
Apr 24, 2015, 15:25 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
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
Difficult for Govt to intervene in FIIs' MAT issue: Jaitley
As foreign investors lobby hard against Rs 40,000 crore tax demand slapped on them, Finance Minister Arun Jaitley said it is difficult for the government to intervene as they have lost the case before the Appellate.
Apr 17, 2015, 21:30 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
What is due must be paid, India no tax haven: FM Jaitley
Finance Minister Arun Jaitley on Monday asserted that legitimate tax demand cannot be considered "tax terrorism" because India is not a tax haven.
Apr 06, 2015, 14:15 PM IST
GST rollout to boost growth by 2%: Adi Godrej
The government must roll out Goods & Services Tax (GST) from next fiscal as it is likely to boost economic growth by 2 percent, Godrej Group Chairman Adi Godrej said Tuesday.
Feb 17, 2015, 18:43 PM IST
Clarity on applicability of MAT on FPIs likely in Budget
Finance Minister Arun Jaitley is likely to clear the air about applicability of Minimum Alternate Tax (MAT) on Foreign Portfolio Investors (FPIs) in the Budget to be unveiled on February 28.
Feb 11, 2015, 14:41 PM IST
SEZ board to meet after five months on Feb 20
After a gap of about five months, the Board of Approval (BoA) headed by Commerce Secretary Rajeev Kher will take up different proposals related to special economic zones in the country on February 20.
Feb 06, 2015, 16:47 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
MTNL to get financial assistance to meet MAT liability
The government on Saturday approved a DoT proposal for providing one-time financial support to state-run telecom company MTNL for meeting liabilities arising from levy of minimum alternate tax (MAT).
Oct 18, 2014, 20:54 PM IST
Govt aware of alternate tax issues: Sitharaman
Union Commerce and Industry Minister Nirmala Sitharaman on Saturday said that the government was aware that inventors in SEZs were facing issues related to minimum alternate tax and dividend distribution tax, and it was planing to usher in some curative policies.
Aug 24, 2014, 00:44 AM IST
PwC seeks scrapping of minimum alternate tax in Budget
Consultancy firm PwC has called for removal of minimum alternate tax (MAT) in the coming budget as a sop for the IT industry.
Jul 05, 2014, 18:09 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
Modi to meet officials tomorrow to sort out SEZ woes
Seeking to revive the beleaguered Special Economic Zones, Prime Minister Narendra Modi will hold a meeting of the officials of commerce and finance ministries on Saturday to sort out the taxation and other problems hampering the implementation of the scheme.
Jun 13, 2014, 15:20 PM IST
