CBDT to soon issue instructions on MAT issueFinance Ministry is also likely to come out with requisite amendments to the Income Tax Act in the next Budget in February to clarify that ...
Foreign portfolio investors may get MAT reliefThe government may soon tell tax officials to stop pursuing minimum alternate tax demands against foreign portfolio investors (FPIs).
Valuations of Indian equities running ahead on expectation of delivery: Ajay Garg, Equirus Capital"There is lot of interest in terms of the India equities right now and there is obviously a belief that India would do much better than Chi...
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.
Shah panel on MAT may submit report next week: Arun JaitleyThe committee has held series of consultations with the tax department, various industry chambers, besides institute of chartered accountan...
Justice AP Shah panel to submit report on MAT levying by month endThe Justice AP Shah committee looking into the issue of levying MAT on FPI's is expected to submit its report by the end of this month.
Justice A P Shah panel holds meeting with tax department on MAT issueIn 2012, the AAR directed Castleton to pay MAT in India on their book profits when it transferred shares from a Mauritius entity to a Singa...
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.
A P Shah panel begins stakeholder deliberation on MAT levy on FIIsIn its representation, Assocham said the government should issue a clarification that Minimum Alternate Tax provisions were never intended ...
No coercion by taxmen to recover MAT dues, says CBDTCBDT today said taxmen won't resort to coercive methods to recover dues towards Minimum Alternate Tax (MAT) on capital gains made by FIIs.
AP Shah panel seeks recommendations; to meet revenue officials, FPIs & analystsAll 68 FPIs that have received draft assessment orders from the revenue department have sought meetings with the committee.
Justice Shah Committee on MAT dues on FIIs holds first meetingJustice Shah committee on levy of MAT on FIIs met for the first time as it looked to expeditiously give its recommendations to resolve the ...
Government constitutes Shah panel on MAT, Ashok Lahiri named memberFinance Ministry said other tax issues would be also referred to the three-member committee in due course.
High level panel on tax issues to have independent members: FM Arun JaitleyJaitley said high level panel looking into the issue of MAT demand raised on foreign investors will consist of independent people so as to ...
Tax department not to take coercive action against FIIs on MAT duesThe Finance Ministry has decided not to adopt coercive methods for recovery of MAT dues from foreign investors.