The Committee on Direct Taxes matters headed by Justice A.P. Shah which was constituted on 20.05.2015, held its first meeting on 25.05.2015.  In accordance with the terms of reference, the Committee has decided to examine the matter relating to MAT on FIIs for the period prior to 01.04.2015. 

The Committee has invited suggestions and representations from all stakeholders, including industry associations on the above issue under examination.  The suggestions may be sent by e-mail to [email protected] by 22.06.2015.  A hard copy of representations and suggestions may also be sent on the following address:-

Mr. Raman Chopra, Director(TPL-II), Central Board of Direct Taxes(CBDT), Room No.147-E, North Block, New Delhi-110001.

The Committee will go through the suggestions and representations received and thereafter, if required, call representatives for interaction between 29.06.2015 and 06.07.2015.

Minimum Alternate Tax on FIIs: committee invites stakeholder submissions and may hold interactions to review the pre change period. A committee on direct tax matters will examine Minimum Alternate Tax (MAT) as applied to Foreign Institutional Investors (FIIs) for the period prior to the operative change; stakeholders and industry associations are invited to submit written suggestions by the prescribed deadline via email or hard copy to the designated official, after which the committee will review submissions and may call representatives for interaction within a specified consultation window.