Minimum Alternative Tax

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  New Co-Operation Ministry Budget For Next Financial Year At Rs 900 Crore

  The government on Tuesday announced Rs 900-crore allocation in the Budget for the newly set up Ministry of Cooperation for the 2022-23 fiscal, besides slashing Alternate Minimum Tax (AMT) on cooperative societies to 15 per cent and surcharge to 7 per cent, which nodal minister Amit Shah hailed saying it will boost the sector.

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  Traders Complain Of Glitch At National Stock Exchange Towards Session End

  The Nifty index soared on Friday after Finance Minister Nirmala Sitharaman cut the effective corporate tax rate to around 25 per cent from 30 per cent and scrapped the minimum alternative tax for domestic companies.

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  Opinion: Solar Industry Demands Reduction In GST To 5% For Important Equipment

  Budget 2018 should remove the minimum alternate tax for the next 10 years to help SEZ units gain competitiveness.

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  Startups Hail Corporate Tax Cuts But Say MAT Still A Concern

  While the industry expected exemption from Minimum Alternate Tax (MAT), it has accepted the provision to allow MAT credit to be carried forward from 10 years to 15 years as a positive step forward.

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  Commerce Ministry Calls For Lifting MAT On Special Economic Zones

  The Commerce Ministry on Wednesday called for removal of minimum alternate tax and dividend distribution tax on SEZs to revive them and boost exports.

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  1% Cut in Corporate Taxes to Cost Exchequer Rs 15K crore: Adhia

  Finance Ministry today said it refrained from reducing the corporate tax rate by 1 per cent in 2016-17 Budget as it would have resulted in revenue sacrifice of Rs 15,000 crore and impacted the fiscal consolidation programme.

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  'Withdrawl of Tax Exemption to Negatively Impact Innovation'

  Withdrawal of tax exemption for research and development is likely to negatively impact India's innovation efforts, pharma major Dr Reddy's Laboratories said today.

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  Pending Tax Issues Will Be Referred to Shah Panel: Chief Economic Advisor

  Legacy tax issues like those involving Cairn and Shell can be referred to the A P Shah panel for quick resolution, says Chief Economic Advisor Arvind Subramanian who feels the old issues that have held back private investments also need to be worked out.

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  Court Dismisses Castleton Challenge as Government Won't Impose MAT

  The Supreme Court on Wednesday dismissed a legal challenge filed by Mauritius-based Castleton Investment Ltd against the controversial Minimum Alternate Tax (MAT) after the government said it would no longer impose it on foreign investors.

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  Foreign Firms Get Retrospective Relief From Controversial Tax

  In a big relief to foreign firms, the government on Thursday exempted them from paying minimum alternate tax (MAT) retrospectively from April 2001, provided they did not have a permanent establishment in India.

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  Jaitley Pitches for Foreign Investments, Promises Tax Stability

  Pitching for more foreign investments, Finance Minister Arun Jaitley on Sunday said India would give better returns than many other countries and assured that the government is working to expeditiously resolve tax disputes involving three overseas companies.

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  Government to Address Some Pending Tax Disputes Within Days: Jaitley

  Earlier this month, the finance ministry decided not to press claims for a Minimum Alternate Tax (MAT) against foreign portfolio investors.

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  Arun Jaitley Reassures Investors With Promise to End Tax Battles

  Mr Jaitley was speaking after the finance ministry decided last week not to press claims for a Minimum Alternate Tax (MAT) against foreign portfolio investors. Government remains locked in major back-tax disputes with telecoms group Vodafone and Cairn Energy.

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  Tax Department Asks Officials not to Pursue Pending MAT Cases

  Days after the government decided to exempt foreign funds from tax on profits earned before April 1, the Central Board of Direct Taxes (CBDT) on Thursday issued a circular asking its field officers to keep in abeyance pending assessments and not to recover any outstanding demand.

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  Foreign Investors Welcome Government'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.