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Minimum alternative tax News

02 Sep 2015

USIBC applauds ruling on minimum alternative tax

This decision reduces tax uncertainty for FIIs and will result in increased investment into India, the USIBC said in a statement.

22 Aug 2015

Shah panel's recommendation on MAT positive for market: Sinha

Union Minister of State for Finance Jayant Sinha on Saturday said the A P Shah Committee's recommendation to grant relief to FIIs on Minimum Alternate Tax (MAT) will be a positive for the market.

22 Aug 2015

India may waive retrospective MAT tax on foreign investors

Although MAT has been applied to domestic companies to ensure a minimum tax payment, it had never been imposed on foreign institutional investors (FIIs).

16 Jul 2015

Shah panel on MAT may submit report next week: Jaitley

The high-level Justice A P Shah panel, set up to look into the levy of MAT on FIIs, is likely to submit its report to the Government next week, Finance Minister Arun Jaitley said on Thursday .

21 May 2015

MAT on FIIs: Govt constitutes Shah panel, Ashok Lahiri named member

The Finance Ministry also said other tax issues would be also referred to the three-member committee in due course. Renowned chartered accountant Girish Ahuja is the third member of the panel, whose term is one year.

08 May 2015

MAT row may lead FPIs to think twice before investing: Fitch

Expressing concerns over Foreign Portfolio Investors facing MAT demand, global rating agency Fitch on Friday said the controversy may prompt FPIs to think twice before investing in India.

07 May 2015

High level panel to look into MAT on FIIs

The high level committee, announced by Finance Minister Arun Jaitley on Thursday, would give its first recommendations on the issue of imposition of MAT on foreign investors, Finance Ministry said today.

08 May 2015

High level committee to look into MAT issue: Jaitley

Arun Jaitley announced that a high-level committee will look into the controversial issue of payment of Minimum Alternate Tax (MAT) by FIIs.

05 May 2015

Govt to study HC stay order on MAT levy on FIIs

With a foreign fund house getting a court stay on the controversial MAT levy, the tax department Tuesday said it will study the Bombay High Court order before taking a view on the matter.

05 May 2015

MAT case: Bombay High Court stays tax claim against Aberdeen Asset

Uncertainty around MAT has built in recent weeks and unsettled foreign investors, sending India`s stock market lower.

24 Apr 2015

India to rule on MAT claims for tax treaty investors within a month

The tax department will rule within a month on whether to uphold outstanding claims for Minimum Alternative Tax (MAT) made against foreign investors who qualify for tax treaty benefits, the finance ministry said in a circular on Tuesday.

21 Apr 2015

Govt won't yield to foreign investors' demand for tax waiver

The government will not yield to the demand of foreign portfolio investors for a tax waiver on capital gains of previous years, a top finance ministry official told reporters on Tuesday.

minimum alternative tax

01 Apr 2015

MAT to become irrelevant after corporate tax comes down to 25%

The Minimum Alternative Tax (MAT) will become irrelevant with removal of tax incentives and reduction in corporate tax rate to 25 percent over next four years, Revenue Secretary Shaktikanta Das said.

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