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Minimum Alternate Tax

Aug 23, 2016 at 22:30 | Source: CNBC-TV18
In an interview with CNBC-TV18, Saurabh Patel, Former Finance Minister of Gujarat, which passed the GST Bill today, talked about the tax and what will be the minimum tax rate that they state government expects.
Aug 19, 2016 at 15:45 | Source: CNBC-TV18
Industry representatives have told the Finance Ministry that the April 1, 2017 deadline will be hard to meet even if the GST laws are passed in the Winter Session as a minimum of six months is required to update systems.
Aug 08, 2016 at 21:00 | Source: PTI
The tax rate under the GST regime will be kept at "minimum workable rate" as no state government can annoy its people by having a higher rate, Finance MinisterArun Jaitley said today in the Lok Sabha which passed the historic legislation to amend the Constitution.
Aug 07, 2016 at 11:36 | Source: PTI
The Commerce Ministry is taking steps to revive investors interest in these zones. It has asked the Finance Ministry to extend sops like rollback or reduction in the minimum alternate tax.
Aug 06, 2016 at 15:02 | Source: PTI
The government in June last year constituted a Committee under retired Indian Revenue Service officer M P Lohia, to suggest the framework for computation of book profit for the purposes of levy of MAT for Indian Accounting Standards (Ind AS) compliant companies.
Aug 04, 2016 at 14:00 | Source: PTI
Besides, the ministry has taken up issues such as permitting SEZ units to perform job works for units in domestic tariff area (DTA) and allowing exports from SEZs to DTA at the duty rates as given to India's free trade agreement partners, said Additional Secretary in the Department of Commerce Alok Vardhan Chaturvedi.
Jul 18, 2016 at 10:16 | Source: PTI
The government has reduced the minimum subscription denomination to 1 gm in the 4th tranche, which would be open for investment by individuals and institutional investors from July 18-22.
May 28, 2016 at 15:24 | Source: PTI
Prices of vehicles above 1000 cubic centimeter engine capacity will increase following the increase of the minimum unit tax from yesterday, Sri Lanka's Vehicle Importers Association said.
May 27, 2016 at 19:22 | Source: PTI
"Representatives of FIs have informed that there are large number of financial accounts and it is practically very difficult to physically obtain the self-certification from the account holders. It has been requested to provide alternative channels to obtain self-certification," CBDT said in a statement.
Apr 27, 2016 at 15:07 | Source: Moneycontrol.com
Even as prices of pulses went through the roof these last few months, the Centre and state governments haven't been sitting idle. After a series of raids, the Maharashtra government has decided to enact a law to cap the maximum prices of the pulses.
Messages on Minimum Alternate Tax »

R Jagannathan

Platinum Member

1562 Followers

Budget  

of concessions for the corporate sector from this year - hopefully bringing in around Rs 50,000 crore in additional taxes. Simultaneously, I propose to reduce the minimum alternate tax rate by 1 percent - since the purpose of MAT is to ensure a certain minimum tax payment. We will monitor the performance

11.22 AM Jul 8th 2014

Web Messenger

Platinum Member

361739 Followers

Budget  

Source:Economic Times - MUMBAI: Consultancy firm PwC has called for removal of minimum alternate tax (MAT) in the coming budget as a sop for the IT industry.

2.39 PM Jul 4th 2014

ushakrani

Gold Member

197 Followers

Reliance Power  

in minimum alternate tax, reduction in cost of borrowings, increase in banks` sectoral limits from 15% to 25%, incentives for PPP models to restore the health of distribution and review of exemption from customs duty for imported goods to protect domestic manufacturers. Further, the industry players

3.44 PM Jun 27th 2014

Web Messenger

Platinum Member

361739 Followers

News Now  

Source:Economic Times - NEW DELHI: Export promotion body for special economic zones has asked the finance minister to roll back the minimum alternate tax (MAT) on SEZs saying that the move will boost overseas shipments as well as domestic manufacturing. In its pre-Budget consultations with finance

2.14 PM Jun 10th 2014

Vinukhush

Silver Member

17 Followers

Tech Mahindra  

Export promotion body for special economic zones has asked the Finance Minister to roll back the minimum alternate tax (MAT) on SEZs saying that the move will boost overseas shipments as well as domestic manufacturing. This if implemented will help TechM as its Pune office is in SEZ....

6.43 PM Jun 9th 2014

nishith105

Platinum Member

88 Followers

Allied Digital  

holding in Digicomp Complete Solutions Limited for Rs. 2,736.76 lacs . * As the Tax Liability of the Company is under the Minimum Alternate Tax , Prov for Deffered Tax has not been ascertained for the period under consideration. SOURCE :

10.54 PM Nov 14th 2013

lottopuma

Silver Member

1 Followers

UCO Bank  

State-run lender UCO Bank reported strong numbers with the first quarter net profit growing 41 percent rise year-on-year to Rs 511 crore, bolstered by MAT refund. The bank recognised minimum alternative tax (MAT) credit to the extent of Rs 147.4 crore for the quarter gone by. Adjusting

3.52 PM Jul 20th 2013

ragrawalrk

New Member

0 Follower

NHPC  

As per note 5(b) of your Statement of audited financial results for the year ended 31st March, 2013 - "For the purpose of recognizing sales for the current year, return of equity has been grossed up using Minimum Alternate Tax rate of F.Y. 2012-13", while till last year you have grossed up

11.45 AM May 29th 2013

ragrawalrk

New Member

0 Follower

NHPC  

As per note 5(b) of your Statement of audited financial results for the year ended 31st March, 2013 - "For the purpose of recognizing sales for the current year, return of equity has been grossed up using Minimum Alternate Tax rate of F.Y. 2012-13", while till last year you have grossed up

11.42 AM May 29th 2013

bhavesh jain

Platinum Member

53 Followers

Commodities  

/ Warehouse/ Factory? Ans. : Yes Tax : PAY MUNICIPAL & FIRE TAX! 7) Do you have Staff? Ans. : Yes Tax : PAY STAFF PROFESSIONAL TAX! 8) Doing business in Millions? Ans. : Yes Tax : PAY TURNOVER TAX! Ans : No Tax : Then pay Minimum Alternate Tax 9) r u taking out over 25,000 Cash from Bank? Ans

10.00 AM Mar 4th 2013

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