MAT to rest: a sigh of relief for the FPIs!

In a welcome (and rather much awaited) development for the investor community, the Government of India has clarified that it has accepted the recommendations of the A. P. Shah Committee. According to the recommendations, the provisions of Minimum Alternate Tax (MAT) are not applicable to Foreign Portfolio Investors (FPIs)/ Foreign Institutional Investors (FIIs)for the period … More MAT to rest: a sigh of relief for the FPIs!

Fine prints of Budget 2015 : Financial services perspective

The Finance Minister (FM), Mr Arun Jaitley, presented the highly anticipated Union Budget for 2015–16 on 28 February 2015, in what he described as a far more positive economic environment with India’s economy poised to take off on an improved growth trajectory. The proposals of the Finance Bill, 2015 (FB 2015) seek to propel the … More Fine prints of Budget 2015 : Financial services perspective