Mat

The DESH Bill came into the picture as the Indian government looked to become more compliant with norms laid down by World Trade Organization (WTO).

Budget 2024: More clarity on MAT expected amid push for global tax reforms

India has implemented the minimum alternative tax structure or alternate minimum tax (AMT) at home to check tax avoidance by corporations

Budget 2023: NASSCOM seeks tax sops to incentivise funding, employment for startups

The wishlist ranges from making the deferment of ESOP tax payment available to employees of more startups to a reduction in MAT for eligible startups

Conditional sales from SEZs to domestic market being expected in new Bill

The government hopes to revive struggling SEZs, exports from which fell to $102.3 billion in FY21 from $112.3 billion in FY20. Of the 370 notified SEZs, only 234 are operational, official data shows. Measures like lower taxes and partial denotification are also being considered

The fine print on MAT credit: did the market celebrate too soon?

The tax authorities say that the benefit of MAT credit will not be allowed if a company opts for the new tax rates

Siddhartha saga: Property attachment is by no means tax terrorism

Brand and job creation are all fine, but that’s no ticket to a compensatory legal reprieve.

Last Budget focused on welfare schemes, reforms. Will Budget 2018 be any different?

In Budget 2017, Finance Minister Arun Jaitley placed consumers before rigid fiscal discipline as he spelt out a carefully crafted plan to boost people’s spending power, create jobs and improve rural incomes

Waive certain taxes for companies in insolvency proceeding: Assocham

"Where any outstanding liability, inclusive of any accrued interest is waived in accordance with the approved Resolution Plan, such waiver/write-back should not be subject to tax under both normal and Minimum Alternate Tax (MAT) provisions of the Income-tax Act, 1961," Assocham said in a letter to Central Board of Direct Taxes (CBDT).

Exempt profits of sick cos under debt restructuring from MAT: Assocham

In a note submitted to the Central Board of Direct Taxes Chairman Sushil Chandra, the chamber said that in the absence of a provision for exemption from MAT for such a company, any plan for its revival shall become unworkable and unviable due to the huge and immediate cash flow required to meet the corporate tax liability payable immediately under MAT.

Accounting a new disruptor in mergers and acquisition strategies

Reporting under Indian Accounting Standards (Ind AS) may significantly impact tax-planning strategies for many deals and will also have a high impact on key performance indicators of companies, says author Jigar Parikh.

Budget 2017: What benefit does it bring to various stakeholders?

Developers The union budget provided a significant boost for affordable housing, by granting it an industry status and all the listed real estate stocks reacted positively. However, whether these incentives will entice the developers &#82

Budget 2017 turned out to be a missed opportunity for startups

An additional five years to carry forward MAT credit will not bring much relief, instead start- ups hope for incentive to improve their balance sheets.

How corporate tax rates have changed post Budget

Corporate tax rate is now reduced to 25 percent (plus applicable surcharge and education cess) for domestic companies having total turnover/ gross receipts in the previous year (2015-16) not exceeding Rs 500 million

Budget 2017: MAT provisions being aligned with Ind AS requirements

Considering that Ind AS requires significant use of fair values, this would mean that several potentially large items of gains and losses that are recognized in the P&L would now be considered for MAT calculations.

Here’s why infra status to affordable housing may not mean cheaper homes in the metros

Siddharth Chopra, a resident of Mumbai, was glued to the television news channels, during the live telecast of the Union Budget 2017-18. Like many, he was expecting a bonanza for middle-class affordable home buyers. &#82

Union Budget 2017-18: FM says MAT removal not practical, ups carry-forward to 15 years

Minimum Alternate Tax is at present levied as an advance tax.

Budget 2017: Extend 15% deduction for acquiring new machinery beyond Mar 31

To boost capital investment in manufacturing sector in future, it is expected that the existing benefit for additional deduction of 15 percent in respect of acquisition and installation of new plant and machinery to be extended for investments beyond March 31, 2017

Budget 2017 expectations: How do we fuel consumption of real estate?

Post demonetisation, the real estate industry expects the government to initiate measures that boost ‘consumption‘, during the upcoming budget. The challenge for the government, is to grow the economy while maintaining fiscal prudence. A &#82

Budget 2017: Nasscom seeks removal of angel tax, MAT exemption for startups

From exempting startups from minimum alternate tax (MAT) to reducing taxes on capital gains, tech industry has lined up a slew of recommendations for startups

Budget 2017: Jaitley likely to cut MAT, corporate income tax

The extent of the cut in MAT‘s rate will depend on the reduction in headline corporate income tax rate that the finance minister is expected to announce in the budget

Budget 2017: Health insurers should be exempted from MAT provisions

A tax free universal health insurance scheme would encourage all those people who have yet to enter the health insurance market, to consider investing in the scheme to avail of quality healthcare.

Budget 2017: Scheme offering 8% assured interest to senior citizen a must

Demonetisation is behind and Digital is ahead; Budget is an event to reward the honest tax payer.

ComMin calls for lifting MAT, DDT on SEZs to boost exports

In the Budget, the Finance Minister said that the income tax benefits benefit new SEZ units will be available to those units which commence activity before March 31, 2020.

Telecom PSUs to invest Rs 16,815 cr in 2016-17

BSNL has earmarked capital expenditure of Rs 7,317 crore for 2016-17, while Bharat Broadband Network Limited, which is implementing the national optical fibre network, has investment plans of Rs 9,418.67 crore for the next fiscal

Corporates expect Budget to lower cost of doing biz

India Inc expects the Budget to simplify tax laws and increase compliance, apart from improving both the ease and cost of doing business.