<h1>Minimum Alternate Tax exemption for certain foreign companies where no permanent establishment or no domestic company registration applies.</h1> Finance Act, 2016 amended section 115JB to exclude certain foreign companies from Minimum Alternate Tax (MAT) from 01.04.2001 where either the company is resident of a treaty country and lacks a permanent establishment in India under that treaty, or the company is resident of a non treaty country and is not required to register under domestic company law.