Searched for
CASTLETON INVESTMENTS
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...
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.
MAT demand on foreign investors may total Rs 7,000 croreThe tax department has issued demand notices to the tune of Rs 6,5007,000 cr (around $1 bn) to foreign portfolio investors (FPIs).
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...
JM Financial's Rs 22 cr warrant issue to Vikram Pandit gets FIPB nodThe proposal was approved by the Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Arvind Mayaram.
Foreign Investment Promotion Board to consider Tata-SIA proposal on ThursdayFIPB will on Thursday take a call on allowing Singapore Airlines to tie up with Tatas for setting up a full-service airline.
FIPB meet on Tata-Singapore Airlines proposal postponed to October 24A meeting of the FIPB to consider the Tata-Singapore Airlines proposal to start a full-service airline has been postponed to next week.
Three FDI proposals worth Rs 38 crore cleared: Finance Ministry"The Central Government has approved three proposals of FDI amounting to Rs 38.09 crore approximately," the ministry said in a statement.
Foreign Investment Promotion Board gives go ahead to 7 pharma FDI proposalsDIPP, the nodal body for framing FDI policy, wants to review the policy to ensure there are enough safeguards to ensure domestic healthcare...
Govt to finalise FDI policy in pharma before FIPB meetThe government is likely to finalise FDI policy with regard to existing drug companies ahead of the FIPB meeting on July 5.