'Decision to scrap MAT will boost India's investment position'

Last Updated: Wednesday, September 2, 2015, 20:09

Industry body CII Wednesday said the government's announcement that minimum alternate tax will not be imposed on overseas portfolio investors retrospectively will boost India's position as a favourable investment destination, help reduce litigation and resolve disputes.

Govt accepts Shah panel report, says no retrospective tax on FIIs

Last Updated: Tuesday, September 1, 2015, 22:56

The government has decided to amend the Income Tax Act to clarify the issue with regard to levy of MAT on FIIs and in the meantime CBDT field officers will be asked not to pursue cases against FIIs.

CBDT to soon issue instructions on MAT issue

Last Updated: Tuesday, September 1, 2015, 19:25

With the Justice A P Shah panel recommending non-applicability of Minimum Alternate Tax (MAT) on FIIs, the revenue department is likely to soon issue instructions to field officer not to pursue pending cases against foreign institutional investors.

Govt may soon come out with circular on relief to FIIs on MAT

Last Updated: Monday, August 24, 2015, 22:25

The Revenue Department may soon come out with a circular on providing relief to FIIs from the minimum alternate tax (MAT) with retrospective effect.

CBDT to expeditiously process MAT exemption claims of FIIs

Last Updated: Friday, July 31, 2015, 18:27

Government on Friday said the tax department will expeditiously process the cases where FIIs have claimed exemption from minimum alternate tax (MAT) as a benefit under the bilateral tax treaties.

Govt to take action on Shah panel report on MAT soon: FinMin

Last Updated: Friday, July 24, 2015, 23:03

The government Friday said it will soon take a decision on the Justice A P Shah Committee report on applicability of minimum alternate tax (MAT) on foreign investors, an issue which had riled FIIs.

MAT stand-off: Shah panel submits report to FM

Last Updated: Friday, July 24, 2015, 22:18

The high-level Justice A P Shah Committee Friday submitted a 66-page report to the government on applicability of minimum alternate tax (MAT) on FIIs, an issue which had riled foreign investors.

Govt cancels 22 SEZs, gives more time to 27 to execute projects

Last Updated: Wednesday, June 17, 2015, 15:45

The government has cancelled approvals of 22 special economic zones, including that of Tamilnadu Industrial Development Corporation and True Developers, as no "satisfactory" progress was made to execute the projects.

No coercion by taxmen to recover MAT dues, says CBDT

Last Updated: Tuesday, June 16, 2015, 17:58

In a breather for investors, CBDT on Tuesday said taxmen won't resort to coercive methods to recover dues towards Minimum Alternate Tax (MAT) on capital gains made by FIIs and will wait for the Supreme Court order on the issue.

Retrospective tax issue needs quick-fix: Naina Lal Kidwai

Last Updated: Tuesday, May 26, 2015, 17:18

Seasoned banker Naina Lal Kidwai says the issue of minimum alternate tax needs to be tackled amicably and fast, even as she sees full convertibility of the rupee as a 10-year programme.

Most FIIs still overweight on Dalal Street, says UBS

Last Updated: Wednesday, May 20, 2015, 21:12

Most foreign investors are still overweight on domestic market despite the minimum alternate tax (MAT) issue and muted earnings growth, according to Swiss brokerage UBS.

India ignored warnings on foreign investor tax row: Sources

Last Updated: Tuesday, May 19, 2015, 12:05

The Finance Ministry could have sidestepped a damaging multibillion-dollar tax row with foreign investors if it had acted on regular warning letters that officials had been sending since as long ago as September.