An Introduction To The Authority For Advance Rulings

By Pitamber Yadav

Introduction

This paper will discuss the topic of the authority of advance rulings, an independent adjudicatory body formed by the Central government for preventing disputes. The paper will first delve into the background on why such a body was needed, and the objectives of having such a quasi-judicial body for expedient settlement of disputes.

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Applicability of MAT to foreign investors

by Siddhartha Iyer

Minimum Alternate Tax, or MAT was introduced in the year 1996, with the intention of taxing zero tax companies, and has been the subject of debate ever since. It has recently caught the attention of the media, once the matter had reached the Supreme Court. It was introduced in the year 1996, at a low rate of 7.5% of an entities “book profits” and has slowly and steadily risen to 18% of the book profits of an entity, as the minimum tax they are obliged to pay.

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