Brace for extreme oil volatility, US trading group says"You could see spikes to even higher than $100 a barrel, even $130, and you could also see it go down to $35 a barrel for periods of time g...
Wellness brand Vahdam, Goodricke Group enter global distribution partnershipGoodricke Group Limited, part of the Camellia PLC, owns and manages reputed tea estates like Castleton, Margaret’s Hope, Badamtam, Barnesbe...
SC dismisses petition by Castleton after government says it won’t impose MAT on temporary foreign firmsFinance Minister Arun Jaitley set up the committee when the issue threatened to get out of hand and defeat the government’s bid to drum up ...
Government stands by its MAT circular in Supreme CourtGovernment today told the Supreme Court that it stood by its circular exempting them from paying minimum alternate tax (MAT).
India needs to do away with unpredictability of tax regime: Justice AP Shah, Head, MAT panel"When the govt eventually announces the decision to accept our report and take the decision not to levy MAT on the FIIs, the pending procee...
Government accepts AP Shah Panel report on MAT; no levy on FIIs prior to April 1, 2015The government clarification will be followed up with amendments to Section 115 JB of the Income Tax Act in the winter session of Parliamen...
AP Shah panel recommends MAT relief to FIIs prior to April 1, 2015If the recommendations are accepted, it would mean a relief for foreign investors facing several years of levies on capital gains.
- Government panel sees no case in imposing MAT on FIIs
In a big relief to FIIs, a government-appointed committee has recommended that there was no case for imposing the controversial minimum alt...
MAT on FIIs: AP Shah panel submits report to Arun JaitleyAsked about the recommendations and if the foreign investor community can expect some relief, Shah said: “It is not about giving any relief.
High Court Stays Hearing in Aberdeen MAT CaseThe issue began after the tax department sent a raft of notices to FPIs seeking MAT worth hun dreds of crores late last year.
London based Investment Association, ASIFMA seeks to be party in Castleton case over MATThe income-tax department issued notices to FPIs asking them to pay MAT for prior years, prompting worries about an arbitrary tax regime.
Minimum alternate tax demand on foreign investors may total Rs 7,000 croreThe amount is much lower than the $6-7 bn claimed by overseas investors, who have been trying put pressure on the government to withdraw th...
Bombay High Court stays tax notice to Luxembourg-domiciled FPI AberdeenOn Monday, some portfolio investors discussed the uncertainty caused by the MAT issue during a conference call organised by Deloitte.
Government should have clarified on past MAT dues on FIIs: ExpertsPwC Partner (Tax and Regulatory Services) Suresh Swamy said, "Finance Minister could have clarified that FPIs with treaty benefits would be...
Government, Castleton Investments agree to expedite Supreme Court hearings on tax rowAttorney-General Mukul Rohatgi has agreed to a plea from senior lawyer Harish Salve, representing Castelton.
Government offers DTAA relief to MAT-hit foreign investorsThe assurances came during meetings and conference calls the foreign portfolio investors had today with Minister of State for Finance Jayan...
- Castle & peaks
Castleton’s caves and spectacular scenery make it an ideal getaway in Britain’s Peak District.