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

Last Updated: Wednesday, May 20, 2015, 23:34

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.

MAT: Former CEA Ashok Lahiri named member of Shah Committee

Last Updated: Wednesday, May 20, 2015, 20:55

Former Chief Economic Adviser Ashok Lahiri named as a member of Justice A P Shah Committee that will look into MAT dues on FIIs.

Shah Committee to go into all 'legacy' tax issues: Jaitley

Last Updated: Monday, May 18, 2015, 15:35

The Justice Shah Committee, constituted to go into levy of MAT on FIIs, will look into all important "legacy" cases, Finance Minister Arun Jaitley said blaming conflicting judicial rulings for the controversy on the issue that has riled foreign investors.

FPIs pull out around Rs 17,000-cr in two weeks on MAT worries

Last Updated: Sunday, May 17, 2015, 12:03

Overseas investors have pulled out nearly Rs 17,000 crore from the Indian capital markets in the first two weeks of the month amid continued taxation worries.

High level panel on tax issues to have independent members: FM

Last Updated: Wednesday, May 13, 2015, 22:47

Finance Minister Arun Jaitley Wednesday said the high level panel looking into the issue of MAT demand raised on foreign investors will consist of independent people so as to ensure non-adversarial tax regime.

Breather for FIIs: MAT assessments, fresh notices put on hold

Last Updated: Monday, May 11, 2015, 17:09

To assuage concerns of foreign portfolio investors slapped with MAT demand, the government Monday put on hold issuance of fresh notices and any further assessments on levy of this tax on such entities.

On MAT, FPIs cut India play, take out Rs 12k cr in May

Last Updated: Sunday, May 10, 2015, 11:04

Things got worse in May as FPIs have withdrawn an estimated Rs 12,256.21 crore so far.

Fitch warns of foreign funds exodus over retro tax

Last Updated: Saturday, May 9, 2015, 13:47

The data furnished by the National Securities Depository Limited (NSDL) showed that FPIs pumped-in only Rs 18.77 crore or USD 3.01 million into primary and other markets for the week under review.

Sensex rallies to 27K-mark; rupee rebounds from 20-months low

Last Updated: Friday, May 8, 2015, 21:21

Market sentiments got a boost after Finance Minister Arun Jaitley announced that a high-level committee will look into the controversial issue of MAT.

Tax dept not to take coercive action against FIIs on MAT dues

Last Updated: Friday, May 8, 2015, 19:55

A day after the government announced setting up a high-level panel under Law Commission Chairman A P Shah, the Finance Ministry has decided not to adopt coercive methods for recovery of MAT dues from foreign investors.

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

Last Updated: Friday, May 8, 2015, 18:57

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.