Private equity entities are concerned that the Income-tax Department would impose MAT on their profits when they exit companies
Private equity funds have turned to tax advisors for clarifications of minimum alternate tax (MAT), according to a media report.
Private equity entities are concerned that the Income-tax Department would impose MAT on their profits when they exit companies, the report added.
The PE companies have not received any notice from the income-tax department but are concerned about the levy on MAT on their profits made from selling PE business, the report further said.
The PE entities expect the government to clarify whether PE funds would be taxed under MAT and whether the Singapore and Mauritius exemptions will apply to them.
Private equity entities are concerned that the Income-tax Department would impose MAT on their profits when they exit companies, the report added.
The PE companies have not received any notice from the income-tax department but are concerned about the levy on MAT on their profits made from selling PE business, the report further said.
The PE entities expect the government to clarify whether PE funds would be taxed under MAT and whether the Singapore and Mauritius exemptions will apply to them.
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