Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 June, 2017 01:52 IST
Govt exempts foreign investors from MAT
Source: IRIS | 30 Apr, 2015, 05.54PM
Comments  |  Post Comment

The Indian government on Thursday exempts foreign investors from minimum alternative tax (MAT) levied on income from securities transactions, royalties and technical services.

However, FIIs will be eligible for MAT exemptions only when normal tax rate is below 18.5%, said the Finance Minister Arun Jaitley. The government has not provided any relief from retrospective tax ruling.

The Finance Minister has also relaxed the rules for the application of MAT for real estate investment trusts.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Strides Shasun, Vivimed Labs achieve closure to set up JV in India, Singapore - 22-Jun-2017 14:26
PI Industries enters into JV agreement with Kumiai Chemical - 22-Jun-2017 14:22
Lupin launches generic Topicort LP Emollient Cream, Topicort cream in US - 22-Jun-2017 14:17
Prism Cement's arm completes expansion of vitrified tiles capacity at Morbi - 22-Jun-2017 10:27
Nila Infra bags work order worth Rs 251.6 mn from AMC - 22-Jun-2017 10:25
NHPC inks MoU with Ministry of Power for 2017-18 - 22-Jun-2017 10:21
Glenmark Pharma gets tentative approval for generic Vesicare tablets - 22-Jun-2017 10:11
Alembic Pharma receives USFDA nod for Amantadine HCl capsules - 22-Jun-2017 10:04
HDFC Bank partners with ZineOne for rich digital banking experience - 21-Jun-2017 16:04
Reliance Defence to form JV with French Co Thales - 21-Jun-2017 14:04
Reliance Defence to form JV with French Co Thales - 21-Jun-2017 14:04
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer