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Minimum Alternate Tax

Mar 03, 2015 at 21:29 | Source: PTI
The Minimum Alternative Tax was originally brought into play to bring into the tax net large domestic corporate who did not pay taxes by making use of various incentive schemes.
Mar 02, 2015 at 13:23 | Source: CNBC-TV18
Daksha Baxi, ED, Khaitan & Company gives her view on changes in the Budget on the tax front - her take on alternate investment funds and whether or not insurance companies can participate, among other issues.
Mar 01, 2015 at 12:41 | Source: Reuters
India, keen to rekindle economic growth, wooed foreign investors on Saturday with a budget that delayed controversial rules to target tax avoidance and maintained lower taxes on income from debt investments.
Feb 28, 2015 at 11:32 | Source: Moneycontrol.com
Furthermore, Finance Minister Arun Jaitley proposed to allow tax pass-through for alternate investment funds.
Feb 25, 2015 at 19:36 | Source: CNBC-TV18
The industry has been relief on Minimum Alternate Tax (MAT) at time of creation of REIT as there are no real sales of shares, hence no income is earned.
Feb 25, 2015 at 15:55 | Source: Moneycontrol.com
Many insurance buyers end up buying ULIP with the sole intention of saving income tax. However it costs a lot if you cannot pay your premium for the minimum stipulated time period.
Feb 25, 2015 at 14:09 | Source: Moneycontrol.com
The government must synchronise various central and state laws such as, stamp duty laws, local body licenses, and ensuring minimum lead time for implementation of policy decisions at Centre and State levels
Feb 25, 2015 at 13:45 | Source: Moneycontrol.com
The Budget should reinstate tax holiday under section 80-IB(9) for mineral oil including natural gas, says BMR. Alternatively, it should extend investment linked incentive for E&P activities to incentivise capital-intensive industries.
Feb 25, 2015 at 10:11 | Source: CNBC-TV18
Sunil Munjal, joint managing director, Hero MotoCorp expects the minimum alternate tax (MAT) on SEZs to be waived off in this Budget.
Feb 24, 2015 at 09:29 | Source: Moneycontrol.com
Union budget should allow retirement funds of AMCs to be covered under section 80C of the Income Tax act. There is a need to introduce a better scheme to attract first time investors. And more important is extant limit of Rs 1.5 lakh under section 80C should be increased.
Messages on Minimum Alternate Tax »

R Jagannathan

Platinum Member

1214 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

273376 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

140 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

273376 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

43 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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