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MAT ON BOOK PROFITS
Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...- Tax not applicable even if companies use securities premium to set off losses: ITAT DelhiThe ruling is set to give clarity to many companies in the situation, especially around whether securities premiums can be used to set off ...
- Commerce Ministry panel's proposal to end MAT on SEZs under reviewThe SEZ policy was unveiled by the NDA government in 2000. In 2016-17, the revenue loss to the government on account of concessions to SEZs...
- India's bad loan recovery plan reaches a critical turn as big new roadblock loomsInsiders say not many potential buyers who are looking to take over debt-ridden companies may want to shell out the extra amount in the for...
- Companies to face Minimum alternate tax on dividend payout, debt recastCompanies that had announced dividend or restructured debt in the previous financial year will face this liability in the current financial...
- Budget 2016: Start-ups may rush in to take benefit of sops, MATStart-ups who tend to incur losses for years would be scrutinised on their "book profit" under MAT, even when they may have incurred net lo...
- Tackling the MAT menace head-onMAT (minimum alternate tax) provisions were introduced in India around 17 years ago. Section 115JB of the Income Tax Act levies an alternat...
- Income-tax department tells foreign portfolio investors to pay minimum alternate tax by March 31The income-tax department has demanded that foreign portfolio investors pay minimum alternate tax by March 31.
- Government mulls abolishing minimum alternate tax after corporate tax breaks are phased outIndia could abolish MAT once corporate tax exemptions are eliminated as part of the government's plan to reduce the corporate tax rate to 2...
- 'Indian taxation to attain global standards'The decision to hike Minimum Alternate Tax rate to 20% from 18% now is being seen as a retrograde step from the taxation system point of vi...
- Experts put government on MAT for hiking rateThe decision to hike Minimum Alternate Tax (MAT) rate to 20% from 18% now is being seen as a retrograde step by tax experts.
- MAT on profit of companiesIn a major concession to the industry, the government on Tuesday proposed in its revised draft of the Direct Tax Code (DTC) that the Minimu...
- Firms trying to sweep tax under the carpet put on the MATExcept for an increase in the MAT rate and a reduction in corporate surcharge, the finance minister eschewed making any major change in cor...
- Budget unlikely to reduce MAT: ExpertsThe forthcoming Budget is unlikely to reduce the minimum alternate tax (MAT), which is the minimum tax that companies pay on book profit, a...
- Union Budget 2009-10: Corporate India's tax liabilities go up as MAT raised to 15%FM has proposed a five percentage point hike in the minimum alternate tax (MAT) paid on book profits, taking the effective MAT rate to arou...
- DDT as I-T must be added to ‘book profit’ while computing MATThe increase in the dividend distribution tax (DDT) rate in the Finance Act 2007 was viewed sceptically by the industry.
- ITAT provides MAT relief for exportersExemption of export income from MAT can be accorded only up to the period when the Section 80 HHC of I-T Act was in operation. Section 80 H...
- MAT norms may be tweakedThe government looks at expanding the scope of the tax currently applicable on certain zero-tax companies.
- Can MAT help ensure equity among corporate taxpayers?In India minimum alternate tax (MAT) provisions were introduced, as a measure of ‘equity’, to tax companies on the basis of their ‘ability ...
- Petromin seeks extension of tax sops for E&P cosThe petroleum ministry has proposed that exploration and production (E&P) companies should be exempted from paying minimum alternate tax .
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