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Minimum Alternate Tax

May 03, 2015 at 15:41 | Source: PTI
Five foreign portfolio investors (FPIs) from the US and the UK today moved the Bombay High Court challenging the Income Tax department's demand for Minimum Alternate Tax (MAT) on the profit earned from trading in stocks and bonds.
May 02, 2015 at 11:33 | Source: PTI
Tax issues, disappointing fourth quarter earnings and forecast of weak monsoon were spoilsports for the stock market last month, leading to heavy sell offs and making investors poorer by Rs 1.78 lakh crore.
Apr 30, 2015 at 22:06 | Source: PTI
REITs and Infrastructure Investment Trusts (InVITs) are aimed at attracting funds in a transparent manner into the real estate and infrastructure sectors.
Apr 30, 2015 at 17:26 | Source: CNBC-TV18
The Finance Minister Arun Jaitley today gave clarifications on issues like the Income Tax Return form, the Minimum Alternate Tax (MAT) levied to FIIs as well as overall growth projection.
Apr 27, 2015 at 17:35 | Source: PTI
The move is aimed at quickly resolving the controversial tax issue facing foreign portfolio investors. The Income Tax Department has sent notices in 68 cases to FIIs for payment of dues totalling Rs 602.83 crore towards Minimum Alternate Tax (MAT).
Apr 26, 2015 at 13:52 | Source: PTI
Following a ruling by the AAR, the revenue department has sent notices to 68 foreign institutional investors (FIIs) for payment of dues totalling Rs 602.83 crore towards Minimum Alternate Tax (MAT).
Apr 25, 2015 at 14:26 | Source: CNBC-TV18
According to Sanjeev Prasad of Kotak Institutional Equities, both the minimum alternate tax (MAT) issue and forecast of weak monsoons have clearly affected the market sentiment.
Apr 24, 2015 at 22:48 | Source: Moneycontrol.com
The case dates to a long-standing demand by the Indian government that foreign investors pay alternate tax but it shot into prominence after news reports quoted Finance Minister Arun Jaitley as saying the amount involved could be upwards of Rs 40,000 crore.
Apr 24, 2015 at 22:18 | Source: CNBC-TV18
Minimum Alternate Tax!
Apr 24, 2015 at 15:57 | Source: Reuters
Foreign investors in India have previously paid 15 percent on short-term listed equity gains, 5 percent on gains from bonds, and nothing on long-term gains.
Messages on Minimum Alternate Tax »

R Jagannathan

Platinum Member

1256 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

283926 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

158 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

283926 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

2 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

56 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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