Minimum Alternate Tax

Sep 03, 2015 at 11:40 | Source: CNBC-TV18
In a circular released by the Central Board of Direct Taxes (CBDT), the government authority has directed its officials not to pursue any pending MAT cases.
Sep 02, 2015 at 19:20 | Source: Reuters
A high-profile row with foreign investors had erupted late last year following the retrospective imposition of the minimum alternative tax (MAT) on funds, including Aberdeen Asset Management (ADN.L).
Sep 02, 2015 at 08:00 | Source: PTI
Union Finance Minister Arun Jaitley announced the government's decision to accept the AP Shah Committee's recommendation that the Minimum Alternative Tax (MAT) provisions do not apply retrospectively to Foreign Institutional Investors (FIIs) before April 1, 2015.
Sep 01, 2015 at 21:13 | Source: CNBC-TV18
In an interview to CNBC-TV18s Shereen Bhan and Menaka Doshi, AP Shah explained the details of the report that was accepted by the government.
Sep 01, 2015 at 19:22 | Source: Moneycontrol.com
The government has accepted the recommendation of the AP Shah committee to not pursue cases against foreign institutional investors (FII) involving minimum alternate tax (MAT) levied prior to April 1, 2015, Finance Minister Arun Jaitley said today.
Sep 01, 2015 at 17:52 | Source: PTI
The Finance Ministry, according to sources, is also likely to come out with requisite amendments to the Income Tax Act in the next Budget in February to clarify that MAT will not apply to FIIs for periods prior to April 1, 2015.
Aug 24, 2015 at 21:01 | Source: CNBC-TV18
CNBC-TV18 has learnt that the government which is considering Justice AP Shah committee's report on minimum alternate tax (MAT), is going to take a final decision on the same soon.
Aug 24, 2015 at 18:18 | Source: Reuters
On September 29, the Supreme Court is due to hear a legal challenge filed by Mauritius-based Castleton Investment Ltd against the government over a number of tax-related issues, including on whether MAT can be imposed on foreign investors.
Aug 22, 2015 at 16:06 | Source: PTI
"The Shah report in fact has come out. I believe they have said the Minimum Alternate Tax (for the period before April 1, 2015) issue should be resolved quickly, which I think will be positive for the market...," he told reporters at the launch of 'Innofest' at the Indian Institute of Science here.
Aug 21, 2015 at 16:10 | Source: CNBC-TV18
The Shah panel had submitted its 66-page report to the Government on July 24 and its analysis is crucial for the government to firm up its stance on the Castleton case.
Messages on Minimum Alternate Tax »

R Jagannathan

Platinum Member

1363 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

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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

174 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

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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

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6 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

60 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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