https://www.taxtmi.com/news?id=14943 The Government will amend the income-tax law to clarify that Minimum Alternate Tax (MAT) under Section 115JB does not apply to Foreign Institutional Investors/Foreign Portfolio Investors (FIIs/FPIs) that do not have a place of business or permanent establishment in India for the period prior to 01.04.2015; field authorities are instructed to keep related assessments in abeyance and not to pursue recovery of outstanding demands in such cases. en-us Thu, 03 Sep 2015 13:26:51 +0530 Thu, 03 Sep 2015 13:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14943 The Government will amend the income-tax law to clarify that Minimum Alternate Tax (MAT) under Section 115JB does not apply to Foreign Institutional Investors/Foreign Portfolio Investors (FIIs/FPIs) that do not have a place of business or permanent establishment in India for the period prior to 01.04.2015; field authorities are instructed to keep related assessments in abeyance and not to pursue recovery of outstanding demands in such cases. News - Thu, 03 Sep 2015 13:26:51 +0530 https://www.taxtmi.com/news?id=14943