CBDT asks officials not to pursue pending MAT cases

Last Updated: Thursday, September 3, 2015, 12:43

Days after the government decided to exempt foreign funds from tax on profits earned before April 1, the CBDT on Thursday issued a circular asking its fields officers to keep in abeyance pending assessments and not to recover any outstanding demand.

Sensex plunges 243 points to 13-month low as China concerns outweigh MAT relief

Last Updated: Wednesday, September 2, 2015, 17:43

The 50-share Nifty after recapturing the 7,800-mark in early trade to touch a high of 7,862.55, succumbed to selling pressure and cracked the 7,700-level to a low of 7,699.25 before settling at 68.85 points or 0.88 per cent lower at 7,717.00.

No retrospective tax on FIIs; govt accepts Shah panel report

Last Updated: Tuesday, September 1, 2015, 20:21

In a big relief to FIIs, the government on Tuesday accepted recommendation of a high level panel that minimum alternate tax (MAT) should not be imposed on overseas portfolio investors retrospectively.

Govt accepts Shah Panel report, no retrospective tax on FIIs

Last Updated: Tuesday, September 1, 2015, 20:03

The government has accepted the Justice A P Shah panel report which recommends non-applicability of Minimum Alternate Tax (MAT) on FIIs, Finance Minister Arun Jaitley said on Tuesday.

Chidambaram blames Modi govt for not scrapping retro tax

Last Updated: Thursday, May 28, 2015, 13:31

Dismissing the charge of obstructionism in Parliament against Congress, former Finance Minister P Chidambaram on Thursday blamed the government for not scrapping retrospective tax and MAT on FIIs despite its commanding strength in the Lok Sabha.

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.

Nifty crashes 228 points on frenzied panic selling

Last Updated: Wednesday, May 6, 2015, 19:21

Continued offloading by foreign investors amid retrospective tax worries and sluggish corporate earnings further dampened investor mood.

Nifty jumps 150 points on buying buoyancy, revisits 8,300-mark

Last Updated: Monday, May 4, 2015, 20:17

Soothing comments from Finance Minister Arun Jaitley on the Minimum Alternate Tax (MAT) levied to FIIs also adequately supported the pullback rally.

Retrospective tax has only brought bad name to India: Jaitely

Last Updated: Wednesday, December 10, 2014, 18:47

Retrospective tax has only brought bad name to India, instead of garnering more taxes, Finance Minister Arun Jaitley said in Lok Sabha Wednesday.

FM has asked Voda its views on tax issue in writing: Official

Last Updated: Tuesday, December 10, 2013, 22:36

"Finance Minister P Chidambaram has asked Vodafone to give its view on the tax matter in writing," said the Finance Ministry official.

Shome against retro amendment of tax laws to raise revenue

Last Updated: Monday, October 21, 2013, 16:32

Amid long-pending dispute between Vodafone and tax authorities, Finance Minister's advisor Parthasarathi Shome on Monday said the government should not go in for retrospective amendment of tax laws to raise revenue.

Fin Min working towards amicable resolution of Vodafone case

Last Updated: Thursday, January 10, 2013, 14:21

The Finance Ministry is working towards an amicable resolution of the retrospective tax amendment issue that could provide some relief to Biritish telecom giant Vodafone, which is facing a tax liability of Rs 11,200 crore.