Minimum Alternative Tax

The rate of income tax for the firms below Rs 5 core turnover is reduced by one percent.

Budget 2016: Removal of tax incentives –Expectation from industry

Union Budget 2016 should introduce some measures that should offset the deductions which will be withdrawn.

Foreign investors welcome India's retreat in MAT row

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).

India one of the few economies that is doing well: FM

Finance Minister Arun Jaitley says India has the potential to achieve higher than 7-7.5% growth rate.

Difficult for Govt to intervene in FIIs' MAT issue: Jaitley

As foreign investors lobby hard against Rs 40,000 crore tax demand slapped on them, Finance Minister Arun Jaitley said it is difficult for the government to intervene as they have lost the case before the Appellate.

Foreign investors cry foul over Indian tax surprise

US and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains.

MAT will become futile once tax exemptions are gone: CBDT

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.

SAIL's Q1 net declines 35% to Rs 451 cr on tax provision

Steel Authority of India (SAIL) has reported 35 percent year-on-year decline in its June quarter profit to Rs 451 crore.

Budget 2012: Will infrastructure bounce back or breakdown?

This is the government's great Indian infrastructure dream. But the ground reality is a rude awakening. With a slowing economy, high interest rates and more importantly delayed decision making, infra projects and infra companies face an uncertain future.

What India Inc expects from the budget

Captains of India Inc presented their budget wishlist to the finance minister today. As expected, the list is long and encompassing a wide range of issues, including tax rates, stimulus and rate cuts. Aakansha Sethi of CNBC-TV18 rounds up the report.