Last Updated: Wednesday, September 2, 2015, 08:33
This decision reduces tax uncertainty for FIIs and will result in increased investment into India, the USIBC said in a statement.
Last Updated: Saturday, August 22, 2015, 16:13
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.
Last Updated: Saturday, August 22, 2015, 12:20
Although MAT has been applied to domestic companies to ensure a minimum tax payment, it had never been imposed on foreign institutional investors (FIIs).
Last Updated: Thursday, July 16, 2015, 13:56
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 .
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.
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.
Last Updated: Friday, May 8, 2015, 00:10
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.
Last Updated: Thursday, May 7, 2015, 21:58
Arun Jaitley announced that a high-level committee will look into the controversial issue of payment of Minimum Alternate Tax (MAT) by FIIs.
Last Updated: Tuesday, May 5, 2015, 22:33
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.
Last Updated: Tuesday, May 5, 2015, 20:01
Uncertainty around MAT has built in recent weeks and unsettled foreign investors, sending India`s stock market lower.
Last Updated: Friday, April 24, 2015, 15:52
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.
Last Updated: Tuesday, April 21, 2015, 16:33
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.
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