Minimum Alternate Tax

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

Centre urged to reduce tax burden on LLPs, proprietary firms, individuals

A body of direct tax professionals also sought for reduction of tax burden on individuals and requested the government to raise the income tax exemption limit at Rs 2.5 lakh to Rs 4 lakh per annum in the upcoming budget for 2022-23 fiscal.

Budget 2018: Expect reduction in corporate tax, MAT, says Adi Godrej

The corporate tax rate for larger companies should be brought down to 25 percent, said Adi Godrej, Chairman, Godrej Group.

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

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

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 â€˜consumption‘, during the upcoming budget. The challenge for the government, is to grow the economy while maintaining fiscal prudence. A &#82

Budget 2016 to Budget 2017: Did last year‘s sops help affordable housing?

In the 2016-17 union budget, the government introduced several measures to boost affordable housing. Among the significant ones, it provided 100% tax exemption on profits, for developers building homes up to 30 sq meters &#82

Industry demands cut in corp tax, hike in I-T exemption limit

Finance Minister Arun Jaitley, who heard the industry in his customary pre-budget meeting, asked them to step up investment.

'Panel suggestions may lower MAT liability on Ind AS adoption'

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.

Comm Dept takes up issue of SEZ MAT with FinMin again

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.

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.

COLUMN: Tax impact of Budget 2016 on capital markets

There were several expectations from the capital market sector,such as replacement of Dividend Distribution Tax (DDT) with tax withholding in the hands of shareholders and relaxation of disallowance of expenses in relation to the earning of exempt income.

Finance bill to bring curtain down on minimum alternate tax

The Dispute Resolution Panel (DRP) has directed withdrawal of the MAT levy on FPIsbringing cheer at the turn of the year. This is a clear indication of the Government‘s resolve in implementing a stable and predictable tax regime for the FPIs - in which investors typically churn over time and the tax cost is factored on daily basis.

BFSI, retail, pharma to be impacted most by Ind AS: Survey

The switch to Indian Accounting Standards (Ind AS) will impact companies the most in financial services, retail and pharma sectors even as half of the firms polled are yet to plan for the new standard which kicks-off from April 1, says a survey.

Com Min working out policy initiatives to revitalise SEZs

Export Promotion Council for EOUs and SEZs (EPCES) said that imposition of Minimum Alternate Tax (MAT) has adversely impacted the growth of SEZs.

SC Clears The Air On Time Barred Claims!

By: Sakya Singha Chaudhuri & Avijeet Lala, HAS Advocates

IT Act to be amended on MAT: Revenue Secretary

Earlier this month, the government had exempted foreign institutional and portfolio investors from payment of MAT on the capital gains made by them before April 1, 2015.

SC to hear tomorrow Castleton Inv case against MAT levy

The decision in the case assumes significance with the government announcing its decision to amend the Income Tax Act to exempt foreign portfolio investors (FPIs) and foreign companies from MAT.

No MAT on Foreign Companies?

No MAT for foreign cos to lift investor sentiment: Adhia

Earlier in the day, the government said that Income-Tax Act will be amended with retrospective effect to exempt overseas companies which do not have a permanent establishment in India from paying minimum alternate tax (MAT).

Govt notifies MAT applicability on foreign companies

The government further said it would carry out an appropriate amendment to the Income Tax Act in this regard.

CBDT directs officials not to pursue pending MAT cases

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.

Govt decides to not pursue MAT cases against FIIs: Sources

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.

Give MAT relief to FIIs prior to Apr 1, 2015: AP Shah panel

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.