Minimum Alternate Tax (MAT)
The spirits of the IT/ITeS sector had risen upon the finance minister’s announcement in the Budget speech that the government would take measures to revive the SEZs. Many companies started even planning to take up new space in the SEZ units. However all does not seem to be rosy. The first blow came with the [...] Continue Reading »
The ministry of Commerce stated that introducing a package including roll back of the minimum alternate tax can be announce to help the Special economic zone to revive. Commerce secretary, Rajeev Kher was heard saying that the revival in Special economic zones is important as they would help in the revival of export of capacities. [...] Continue Reading »
The government is determined to revive SEZs and Arun Jaitley today mentioned that some of the effective steps to be taken by the government will make the SEZs the instruments of industrial production, economic growth, export promotion and employment generation. While presenting the Budget 2014-15, the Finance Minister stated that for achieving this, effective steps [...] Continue Reading »
The pre-budget economic survey which was presented in the Parliament reiterated the need to promote structural changes in manufacturing in the medium term. There was a tremendous slowdown witnessed by the industrial sector which had negatively impacted the GDP of the nation, needs robust mechanisms for revival. Reviving private sector investments to spur growth in [...] Continue Reading »
In order to generate interest in investment in the India’s Special Economic Zones (SEZs), the government may exempt investors from paying the Minimum Alternate Tax (MAT) in the Budget FY15. The commerce and finance ministries have held discussions after several years, in a bid to revive investor confidence. The commerce ministry has asked for various [...] Continue Reading »
Developers of special Economic Zone (SEZ) are rebounded by the budget 2012. The builders were expecting some positive announcement from the budget. Though SEZ serves a big responsibility in terms of export and employment, government is not promoting SEZ to the expected level. Due to Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT), investors [...] Continue Reading »
