General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
A friend posted this piece of news on my email, so do not have link for this news
---------------------------------------------------------------------------------------
Lok Sabha passes Finance Bill, FIIs get some relief on MAT
Bloomberg TV India Web Desk | April 30, 2015
Foreign firms exempted from MAT on capital gains from sale of securities and royalties
New Delhi: The Lok Sabha on Thursday passed the Finance Bill 2015-16 after some amendments including exemptions to foreign companies from minimum alternate tax (MAT) on capital gains from securities sale and withdrawal of the plan for setting up a Public Debt Management Agency.
Elaborating on the changes in the Finance Bill 2015-16, Finance Minister Arun Jaitley told lawmakers in the lower house that all capital gains from sale of securities as well as royalties, interest, technical services fee earned by foreign companies will be exempt from MAT, if the normal tax rate on such income is lower than 18.5 per cent.
Moreover, MAT on real estate investment trusts (REITs) will only be applicable for actual transfer of units.
Industry welcomed the relief offered to FIIs. “This will bring relief to debt funds because interest income will be exempt from MAT from April 2015. This will also provide relief to private equity funds though only for the future period,” said Rajesh H Gandhi, a partner at Deloitte Haskins & Sells.
Talking about the economy, Jaitley said the aspiration to grow by over eight per cent was a real challenge, adding that improvement in rural infrastructure can push up growth.
India’s economic growth rate was improving, inflation has come under control and fiscal deficit may be slightly better than the projected 4.1 per cent for FY15, Jaitley said, adding the country needs more domestic and international investment.
The government also decided to defer the plan for setting up a PDMA “for some time”, Jaitley said adding the government and RBI will prepare a detailed roadmap for separating the debt management office from the central bank.
---------------------------------------------------------------------------------------
Lok Sabha passes Finance Bill, FIIs get some relief on MAT
Bloomberg TV India Web Desk | April 30, 2015
Foreign firms exempted from MAT on capital gains from sale of securities and royalties
New Delhi: The Lok Sabha on Thursday passed the Finance Bill 2015-16 after some amendments including exemptions to foreign companies from minimum alternate tax (MAT) on capital gains from securities sale and withdrawal of the plan for setting up a Public Debt Management Agency.
Elaborating on the changes in the Finance Bill 2015-16, Finance Minister Arun Jaitley told lawmakers in the lower house that all capital gains from sale of securities as well as royalties, interest, technical services fee earned by foreign companies will be exempt from MAT, if the normal tax rate on such income is lower than 18.5 per cent.
Moreover, MAT on real estate investment trusts (REITs) will only be applicable for actual transfer of units.
Industry welcomed the relief offered to FIIs. “This will bring relief to debt funds because interest income will be exempt from MAT from April 2015. This will also provide relief to private equity funds though only for the future period,” said Rajesh H Gandhi, a partner at Deloitte Haskins & Sells.
Talking about the economy, Jaitley said the aspiration to grow by over eight per cent was a real challenge, adding that improvement in rural infrastructure can push up growth.
India’s economic growth rate was improving, inflation has come under control and fiscal deficit may be slightly better than the projected 4.1 per cent for FY15, Jaitley said, adding the country needs more domestic and international investment.
The government also decided to defer the plan for setting up a PDMA “for some time”, Jaitley said adding the government and RBI will prepare a detailed roadmap for separating the debt management office from the central bank.
The exemption would apply only in those cases where the normal tax rate is below 18.5 per cent.
He, however, offered no relief retrospectively as has been demanded by foreign portfolio investors.
http://economictimes.indiatimes.com...n-investors-from-mat/articleshow/47110255.cms
He, however, offered no relief retrospectively as has been demanded by foreign portfolio investors.
http://economictimes.indiatimes.com...n-investors-from-mat/articleshow/47110255.cms
I need only 20 points in NF , kahan milenge 
It's right there everyday but you are missing it most of the time. .............looks like you are not a trader.
Not a serious one at least.
Sorry to say blatantly. May be it will hurt. But that's what intention is , to hurt so that you get serious
Similar threads
-
My Views on the General Elections 2024
- Started by Verde
- Replies: 21
-
-
What are some general and basic price-volume action pattern one should know?
- Started by shyttrader
- Replies: 1
-
-