FreeCurrencyRates.com

इंडियन आवाज़     13 Apr 2024 05:37:45      انڈین آواز

Govt accepts Shah panel report exempting FIIs from MAT before April 2015

(Last Updated On: 01/09/2015)

AMN /

arun-jaitley in LSThe government today accepted the Justice AP Shah committee report on the Minimum Alternative Tax, MAT on foreign institutional investors,FIIs. Addressing a press conference in New Delhi Finance Minister Arun Jaitley said government will not impose levy on FIIs prior to 1st April 2015. He said that report was considered at length by CBDT and revenue department. Mr jaitley said the report will be made public very soon. The Minister said the amendments to Sec 115 JB of IT Act would be required and expressed hope that the Act will be amended in the winter session of Parliament.

The Finance Minister, however, said that the Shah panel’s recommendations were applicable only for FIIs and FPIs and did not pertain to cases involving foreign direct investment (FDI). In May , the government set up a panel headed by Justice AP Shah to suggest ways to resolve the MAT dispute as well as some other tax issues. Tax authorities had issued MAT notices to foreign portfolio investors last year which claim of Rs 600 crore.

Leave a Reply

Your email address will not be published.

خبرنامہ

PATANJALI CASE: سپریم کورٹ نے بابا رام دیو کی معافی قبول کرنے سے انکار کر دیا۔

SOCIAL MEDIA نئی دہلی: سپریم کورٹ نے بدھ (10 اپریل 2024) کو ادویات کے ...

سپریم کورٹ نے گمراہ کن اشتہارات پر پتنجلی آیوروید اور بابا رام دیو کی سرزنش کی۔

AMN / WEB DESK سپریم کورٹ نے گمراہ کن اشتہارات کے معاملے میں منگل ...

سپریم کورٹ نے ایم پی سنجے سنگھ کو ضمانت دی، ای ڈی نے مخالفت نہیں کی۔- sanjay singh

نئی دہلی: عام آدمی پارٹی کے رکن پارلیمنٹ سنجے سنگھ کو دہلی ای ...

MARQUEE

Singapore: PM urges married Singaporean couples to have babies during year of Dragon

AMN / WEB DESK Prime Minister of Singapore Lee Hsien Loong has urged married Singaporean couples to have ba ...

Himachal Pradesh receives large number of tourists for Christmas and New Year celebrations

AMN / SHIMLA All the tourist places of Himachal Pradesh are witnessing large number of tourists for the Ch ...

Indonesia offers free entry visa to Indian travelers

AMN / WEB DESK In a bid to give further boost to its tourism industry and bring a multiplier effect on the ...

MEDIA

 Sheyphali Sharan Takes Charge as PDG of PIB

AMN Senior Information Service Officer Sheyphali B Sharan today took over the charge of Principal Director ...

Noted Journalist Zafar Agha Passes Away

Journos shocked over his demise AMN / NEW DELHI Noted journalist and and the Editor-in-Chief Nation ...

RELIGION

Mata Vaishno Devi Bhawan Decorated With Imported Flowers Ahead Of Navratri Festival

AMN In Jammu, ahead of the festivl of Navratri, Katra and Mata Vaishno Devi Bhawan is decorated with import ...

Holy Relics of Lord Buddha Return to India After Exposition in Thailand

AMN The holy relics of Lord Buddha and his disciples Arahant Sariputta and Arahant Maha Moggallana has ret ...

@Powered By: Logicsart