Government accepts the Recommendation of the Justice A.P. Shah Committee to clarify the Inapplicability of MAT to FIIs/FPIs and has decided that an appropriate Amendment to the Income-Tax Act will be carried out;

Government accepts the Recommendation of the Justice A.P. Shah Committee to clarify the Inapplicability of MAT to FIIs/FPIs and has decided that an appropriate Amendment to the Income-Tax Act will be carried out; https://www.taxtmi.com/news?id=14935 The Government accepted the recommendation to clarify the inapplicability of MAT to foreign institutional and portfolio investors without a place of business or permanent establishment in India for the period prior to 01.04.2015, proposing an amendment to section 115JB of the Income tax Act and directing CBDT to inform field formations pending the amendment. en-us Wed, 02 Sep 2015 09:53:42 +0530 Wed, 02 Sep 2015 09:53:42 +0530 TaxTMI RSS Generator Government accepts the Recommendation of the Justice A.P. Shah Committee to clarify the Inapplicability of MAT to FIIs/FPIs and has decided that an appropriate Amendment to the Income-Tax Act will be carried out; https://www.taxtmi.com/news?id=14935 The Government accepted the recommendation to clarify the inapplicability of MAT to foreign institutional and portfolio investors without a place of business or permanent establishment in India for the period prior to 01.04.2015, proposing an amendment to section 115JB of the Income tax Act and directing CBDT to inform field formations pending the amendment. News - Wed, 02 Sep 2015 09:53:42 +0530 https://www.taxtmi.com/news?id=14935